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3. Acquisition (Tables)
9 Months Ended
Mar. 31, 2013
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

 

    For the Nine Month  
    Period Ended  
    March 31,  
    2012  
Net sales   $ 4,333,000  
         
Net income (loss)   $ (12,900)  
         
Net income (loss)        
   per share - basic   $ (0.01)  
         
Net income (loss)        
   per share - diluted   $ (0.01)