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Inventories
3 Months Ended
Sep. 30, 2018
Inventory Disclosure [Abstract]  
INVENTORIES

(7)INVENTORIES

 

Inventories consisted of the following:

 

   September 30,   June 30, 
   2018   2018 
Raw materials consisting of purchased parts, components and supplies  $387,866   $415,262 
Work-in process including units undergoing final inspection and testing   52,500    52,500 
Finished goods   15,000    15,000 
Total Inventory  $455,366   $482,762 
Inventory Reserve   (455,366)   (482,762)
Net Inventory  $-   $- 

 

Due to the age of the inventory, lack of demand for parts and lack of sales the Company has booked a reserve for the entire value of its inventory as of June 30, 2018. For the three months ended September 30, 2018, reduction of inventory represents items that were sold from inventory held. In addition, the Company purchased approximately $63,000 of inventory parts which was recorded as cost of sales. The company sold those parts to Xi’an (see note 5).