3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Sep. 30, 2017

Accounting Policies [Abstract]

Segment information by geographic areas

	Three Months Ended
	September 30,
Net sales:	2017		2016
United States	$	7,262,745	$	12,522,650
Caribbean and South America		85,000		–
Europe, the Middle East and Africa (“EMEA”)		191,886		128,103
Asia		105,298		53,721
Totals	$	7,644,929	$	12,704,474

Long-lived assets, net (property and equipment and intangible assets):	September 30, 2017		June 30, 2017
United States	$	1,350,494	$	1,209,050
Asia		75,425		120,367
Totals	$	1,425,919	$	1,329,417

Useful lives of property and equipment

Machinery	6 years
Office equipment	5 years
Molds	3 years
Vehicles	5 years
Computers and software	5 years
Furniture and fixtures	7 years
Facilities improvements	5 years or life of the lease, whichever is shorter

Intangible Assets

The definite lived intangible assets consisted of the following as of September 30, 2017:

Definite lived intangible assets:	Expected Life	Average Remaining life	Gross Intangible Assets		Accumulated Amortization		Net Intangible Assets
Complete technology	3 years	-	$	3,802,019	$	3,802,019	$	–
Complete technology	3 years	0.4 years		6,405		5,337		1,068
Complete technology	3 years	3.0 years		18,397		–		18,397
Supply and development agreement	8 years	-		1,121,000		1,121,000		–
Technology in progress	Not Applicable	-		100,000		–		100,000
Software	5 years	2.7 years		275,880		219,420		56,460
Patents	10 years	6.8 years		58,391		5,190		53,201
Certifications & licenses	3 years	2.1 years		3,153,606		2,165,249		988,357
Total as of September 30, 2017			$	8,535,698		7,318,215		1,217,483

The definite lived intangible assets consisted of the following as of June 30, 2017:

Definite lived intangible assets:	Expected Life	Average Remaining life	Gross Intangible Assets		Accumulated Amortization		Net Intangible Assets
Complete technology	3 years	-	$	3,799,617	$	3,799,617	$	–
Complete technology	3 years	0.5 years		2,402		2,002		400
Complete technology	3 years	0.7 years		6,405		4,804		1,601
Complete technology	3 years	3.0 years		18,397		–		18,397
Supply and development agreement	8 years	0.3 years		1,121,000		1,085,969		35,031
Technology in progress	Not Applicable	-		360,148		–		360,148
Software	5 years	2.7 years		239,398		216,829		22,569
Patents	10 years	7.0 years		58,391		4,693		53,698
Certifications & licenses	3 years	1.9 years		2,698,526		2,080,895		617,631
Total as of June 30, 2017			$	8,304,284	$	7,194,809	$	1,109,475