Annual report pursuant to Section 13 and 15(d)

Commitments

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Commitments
12 Months Ended
Jun. 30, 2015
Commitments [Abstract]  
Commitments
10.   Commitments                                      In addition to the warehouse and office space leased from 290 NE 68 Street, LLC (see Note 8), the Company leases an additional warehouse facility from an unrelated third party under an operating lease expiring in December 2017.  Minimum future rental commitments for both leases approximate the following:  

 

 

Years ending June 30,    
     
2016   $ 190,000  
2017     194,000  
2018     74,400  
2019      
2020      
   Total   $ 458,400  

 

 

Rent expense under all leases aggregated approximately $186,000 and $177,000 for the years ended June 30, 2015 and 2014, respectively.

The Company, through its manufacturers, provides parts warranties for products sold. These warranties are mainly the responsibility of the manufacturer. As such, warranty related expenses are insignificant to the consolidated financial statements.