3. Acquisition (Tables)

3 Months Ended

Sep. 30, 2012

Text Block [Abstract]

Purchase Price Allocation

Management of the Company allocated the purchase price based on its valuation of the assets acquired, all of which are intangible, as follows:

Technology, trademarks, and in-process
research & development (“IPR&D”)	$	500,000
Sublicense agreements		294,000
Engineering drawings and software		64,000
Non-competition agreements		18,000
Goodwill*		142,000
Total Purchase Price	$	1,018,000

Pro Forma Results

The unaudited pro forma condensed financial information presented below is for informational purposes only and is not intended to represent or be indicative of the consolidated results of the operations that would have been achieved if the acquisition had been completed as of the commencement of the period presented.

	For the Three Month Period EndedSeptember 30,
	2011
Net sales	$	1,578,500
Net income		27,100
Net income per share – basic	$	0.02
Net income per share – diluted	$	0.02