XML 32 R29.htm IDEA: XBRL DOCUMENT v3.20.2
2. BUSINESS ACQUISITION (Details - Allocation of purchase price) - USD ($)
Jun. 30, 2020
Jun. 30, 2019
Jun. 01, 2019
Goodwill $ 687,664 $ 687,664  
Ross Optical Industries [Member]      
Cash and cash equivalents     $ 163,204
Trade accounts receivable, net     652,898
Inventories     728,046
Other current assets     2,889
Fixed assets     232,036
Total Assets Acquired     1,779,073
Accounts payable     401,360
Customer advances     24,350
Accrued compensation and other     41,027
Total Liabilities Assumed     466,737
Net assets acquired     1,312,336
Goodwill     687,664
Total Purchase Price-Initial and Contingent Consideration     $ 2,000,000