Annual report pursuant to Section 13 and 15(d)

Inventories

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Inventories
12 Months Ended
Jun. 30, 2013
Inventories  
Inventories
2. Inventories Inventories are comprised of:

 

June 30,   2013   2012
         
Equipment   $ 1,016,445     $ 1,473,053  
Parts     1,033,024       969,881  
      2,049,469       2,442,934  
Reserve     (51,651 )     (71,490 )
    $ 1,997,818     $ 2,371,444  
                 

 

  The Company has established reserves of $51,651 and $71,490 as of June 30, 2013 and 2012, respectively, against slow moving inventory. For the years ended June 30, 2013 and 2012, the Company wrote-down approximately $40,900 and $14,500, respectively, in slow moving inventory.