Balance Sheets - USD ($)	Jun. 30, 2016	Jun. 30, 2015
CURRENT ASSETS
Cash	$ 267,302	$ 455,717
Accounts receivable - net	293,358	314,054
Accounts receivable - related party - net	0	6,312
Current Inventory - net	614,895	650,314
Prepaid and other current assets	103,803	38,675
Total Current Assets	1,279,358	1,465,072
PROPERTY AND EQUIPMENT
Leasehold improvements	153,543	153,543
Molds and models	577,549	572,894
Equipment	2,960,246	2,937,922
Furniture and fixtures	74,921	74,921
Construction in progress	10,198	0
Software	305,924	305,924
Less – accumulated depreciation	(3,849,937)	(3,735,744)
Total Property and Equipment - net	232,444	309,460
OTHER ASSETS
Patents and trademarks – net	175,379	202,710
Non-current inventory	180,050	186,560
Deposits	11,000	11,000
Total Other Assets	366,429	400,270
TOTAL ASSETS	1,878,231	2,174,802
CURRENT LIABILITIES
Accounts payable and accrued expenses	348,499	438,680
Current portion of long-term debt	20,518	13,608
Current portion of lease liability	6,249	0
Total Current Liabilities	375,266	452,288
Long-term debt	100,142	53,840
Long-term lease liability	8,394	0
TOTAL LIABILITIES	483,802	506,128
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY
Preferred stock: 5,000,000 shares authorized of $0.001 par value, 2,000,000 and 2,000,000 shares issued and outstanding, respectively	2,000	2,000
Common stock: 75,000,000 shares authorized of $0.001 par value, 42,175,287 and 41,570,287 shares issued and outstanding, respectively	42,175	41,570
Additional paid-in capital	62,579,558	62,515,856
Stock payable	4,500	0
Accumulated deficit	(61,233,804)	(60,890,752)
Total Stockholders’ Equity	1,394,429	1,668,674
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 1,878,231	$ 2,174,802

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

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- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.