NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Jun. 30, 2017

Accounting Policies [Abstract]

Schedule of Inventory, Current [Table Text Block]

Inventory is stated at the lower of cost (computed on a first-in, first-out basis) or market.  The inventory consists primarily of chemicals, finished goods produced in our plant and products purchased for resale.

	2017			2016
Raw materials	$	262,187		$	257,260
Finished goods		595,910			663,666
Inventory reserve		(53,503	)		(125,981	)
Inventory – net (current and long term)	$	804,594		$	794,945

Property, Plant and Equipment [Table Text Block]

Depreciation and amortization, collectively depreciation expense, is computed using the straight-line method over estimated useful lives as follows:

Leasehold improvements	5 years, or over lease term
Equipment	5 to 10 years
Furniture and fixtures	7 years
Software	2 years

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

The estimated amortization expense, based on current intangible balances, for the next five fiscal years beginning July 1, 2017 is as follows:

2018	$	31,086
2019	$	33,033
2020	$	26,427
2021	$	16,928
2022	$	17,763
Thereafter	$	30,715

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Net deferred tax assets consist of the following components as of June 30, 2017 and 2016:

	2017			2016
Deferred tax assets:
NOL carryover	$	17,064,900		$	17,050,100
Section 1231 loss carryover		59,900			24,300
Inventory reserve		18,700			44,100
R & D carryover		198,400			221,600
Accrued vacation		(12,700	)		(11,700	)
Deferred tax liabilities:
Depreciation		(16,000	)		15,500
Valuation allowance		(17,313,200	)		(17,343,900	)
Net deferred tax asset	$	-		$	-

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The income tax provision differs from the amount of income tax determined by applying the U.S. federal income tax rate to pretax income from continuing operations for the years ended June 30, 2017 and 2016 due to the following:

	2017			2016
Book income (loss)	$	11,700		$	(85,100	)
Depreciation		18,000			9,100
Meals & entertainment		-			700
Nondeductible expenses		8,000			24,100
Accrued vacation		11,500			11,300
Inventory reserve		(25,400	)		5,300
Receivable reserve		-			(100	)
Loss on asset disposal		(300	)		-
Valuation allowance		(23,500	)		34,700
	$	-		$	-