Inventories, net

12 Months Ended

Jun. 30, 2018

Inventory Disclosure [Abstract]

Inventories, net

The components of inventories include the following:

	June 30, 2018			June 30, 2017
Raw materials	$	2,309,454		$	2,282,880
Work in process		2,506,891			1,654,653
Finished goods		2,263,121			1,904,497
Allowance for obsolescence		(674,725	)		(767,454	)
	$	6,404,741		$	5,074,576

During fiscal 2018 and 2017, the Company evaluated all allowed items and disposed of approximately $188,000 and $90,000, respectively, of inventory parts and wrote them off against the allowance for obsolescence.

The value of tooling in raw materials was approximately $1.6 million at both June 30, 2018 and 2017.