SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
|
12 Months Ended |
Jun. 30, 2025 |
Accounting Policies [Abstract] |
|
Schedule of financial information by geographic area |
Schedule of financial information by geographic
area | |
| | | |
| | |
| |
Fiscal Years Ended June 30, | |
Net sales: | |
2025 | | |
2024 | |
North America | |
$ | 46,081,244 | | |
$ | 30,699,727 | |
Asia | |
| 5,657 | | |
| 96,963 | |
Totals | |
$ | 46,086,901 | | |
$ | 30,796,690 | |
|
Schedule of consolidated financial statements |
Schedule of consolidated financial statements | |
| | | |
| | |
| |
Fiscal Years Ended June 30, | |
Items: | |
2025 | | |
2024 | |
Net sales | |
$ | 46,086,901 | | |
$ | 30,796,690 | |
Cost of goods sold | |
| (38,171,832 | ) | |
| (27,288,340 | ) |
Selling, general, and administrative expenses | |
| (6,676,078 | ) | |
| (6,041,355 | ) |
Research and development expenses | |
| (4,102,660 | ) | |
| (3,406,750 | ) |
Other segment items | |
| 2,723,240 | | |
| 1,773,084 | |
Net loss | |
$ | (140,429 | ) | |
$ | (4,166,671 | ) |
|
Schedule of long-lived assets, net |
Schedule of long-lived assets, net | |
| | | |
| | |
| |
Fiscal Years Ended June 30, | |
Long-lived assets, net (property and equipment and intangible assets): | |
June 30, 2025 | | |
June 30, 2024 | |
North America | |
$ | 929,173 | | |
$ | 1,218,139 | |
Asia | |
| 157,821 | | |
| 206,426 | |
Totals | |
$ | 1,086,994 | | |
$ | 1,424,565 | |
|
Schedule of trade receivables |
Schedule of trade receivables | |
| | |
| |
| |
June 30, 2025 | | |
June 30, 2024 | |
Accounts Receivable, net | |
$ | 1,330,504 | | |
$ | 1,155,060 | |
|
Schedule of contract liabilities |
Schedule of contract liabilities | |
| | | |
| | |
| |
June 30, 2025 | | |
June 30, 2024 | |
Undelivered products | |
$ | 125,300 | | |
$ | 158,771 | |
Accrued marketing development funds | |
| 673,205 | | |
| – | |
Totals | |
$ | 798,505 | | |
$ | 158,771 | |
|
Schedule of estimated useful lives |
Schedule of estimated useful lives |
|
|
Machinery |
|
6 years |
Office equipment |
|
5 years |
Molds |
|
3~6 years |
Vehicles |
|
5 years |
Computers and software |
|
5 years |
Furniture and fixtures |
|
7 years |
Facilities improvements |
|
5 years or life of the lease, whichever is shorter |
|
Schedule of definite lived intangible assets |
Schedule of definite lived intangible
assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Definite lived intangible assets: |
|
Expected Life |
|
Average
Remaining
life |
|
Gross
Intangible
Assets |
|
|
Less Accumulated
Amortization |
|
|
Net Intangible
Assets |
|
Technology in progress |
|
Not Applicable |
|
– |
|
|
452,676 |
|
|
|
– |
|
|
|
452,676 |
|
Software |
|
5 years |
|
0.9 years |
|
|
448,922 |
|
|
|
355,600 |
|
|
|
93,322 |
|
Patents |
|
10 years |
|
6.0 years |
|
|
79,519 |
|
|
|
31,679 |
|
|
|
47,840 |
|
Certifications & licenses |
|
3 years |
|
1.3 years |
|
|
3,166,828 |
|
|
|
2,746,554 |
|
|
|
420,274 |
|
Total as of June 30, 2025 |
|
|
|
|
|
$ |
4,147,945 |
|
|
|
3,133,833 |
|
|
|
1,014,112 |
|
The definite lived intangible
assets consisted of the following as of June 30, 2024:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Definite lived intangible assets: |
|
Expected Life |
|
Average
Remaining
life |
|
Gross
Intangible
Assets |
|
|
Less Accumulated
Amortization |
|
|
Net Intangible
Assets |
|
Complete technology |
|
3 years |
|
– |
|
|
18,397 |
|
|
|
18,397 |
|
|
|
– |
|
Technology in progress |
|
Not Applicable |
|
– |
|
|
– |
|
|
|
– |
|
|
|
– |
|
Software |
|
5 years |
|
1.6 years |
|
|
489,992 |
|
|
|
365,526 |
|
|
|
124,466 |
|
Patents |
|
10 years |
|
6.7 years |
|
|
67,373 |
|
|
|
27,345 |
|
|
|
40,028 |
|
Certifications & licenses |
|
3 years |
|
1.4 years |
|
|
3,924,007 |
|
|
|
2,778,875 |
|
|
|
1,145,132 |
|
Total as of June 30, 2024 |
|
|
|
|
|
$ |
4,499,769 |
|
|
|
3,190,143 |
|
|
|
1,309,626 |
|
|
Schedule of amortization expenses of the definite lived intangible assets |
Schedule of amortization expenses of the
definite lived intangible assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FY2026 |
|
|
FY2027 |
|
|
FY2028 |
|
|
FY2029 |
|
|
FY2030 |
|
|
Thereafter |
|
Total |
|
$ |
431,600 |
|
|
$ |
74,904 |
|
|
$ |
37,249 |
|
|
$ |
17,683 |
|
|
$ |
– |
|
|
$ |
– |
|
|