Segment Reporting

12 Months Ended

Jun. 30, 2017

Segment Reporting [Abstract]

Segment Reporting

11. Segment Reporting

Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated on a regular basis by the chief operating decision-maker (“CODM”) in deciding how to allocate resources to an individual segment and in assessing performance of the segment. The Company has concluded that its Chief Executive Officer is the CODM as he is the ultimate decision maker for key operating decisions, determining the allocation of resources and assessing the financial performance of the Company. These decisions, allocations and assessments are performed by the CODM using consolidated financial information. Consolidated financial information is utilized by the CODM as the Company’s current product offering primarily consists of minimally invasive therapeutic ultrasonic medical devices. The Company’s products are relatively consistent and manufacturing is centralized and consistent across product offerings. Based on these factors, key operating decisions and resource allocations are made by the CODM using consolidated financial data and as such the Company has concluded that it operates as one segment.

Worldwide revenue for the Company’s products is categorized as follows:

	For the Years Ended June 30,
	2017		2016		2015
Total
Consumables	$	20,328,676	$	16,091,651	$	12,833,377
Equipment		6,941,287		7,021,543		9,371,201
Total	$	27,269,963	$	23,113,194	$	22,204,578
Domestic:
Consumables	$	14,866,772	$	11,277,449	$	8,449,215
Equipment		1,593,999		1,809,357		2,348,705
Total	$	16,460,771	$	13,086,806	$	10,797,920
International:
Consumables	$	5,461,904	$	4,814,202	$	4,384,162
Equipment		5,347,288		5,212,186		7,022,496
Total	$	10,809,192	$	10,026,388	$	11,406,658

 Substantially all of the Company’s long-lived assets are located in the United States.