XML 31 R3.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Jun. 30, 2013
Current Assets:    
Cash $ 135 $ 55
Accounts receivable, net 2,289 2,419
Inventories 5,800 6,431
Investment in iBio, Inc. - restricted 684 684
Other current assets 331 339
Total current assets 9,239 9,928
Intangible assets, net 948 1,017
Property and equipment, net 1,205 1,235
Security deposits and other assets 374 431
Total Assets 11,766 12,611
Current Liabilities:    
Advances under revolving credit facility 4,234 4,543
Accounts payable (includes $126 and $186 due to related party) 5,049 5,883
Accrued expenses and other current liabilities 1,190 1,122
Current portion of long term debt 598 868
Total current liabilities 11,071 12,416
Long term debt 4,647 4,888
Subordinated convertible note, net - CD Financial LLC 4,955 4,901
Derivative liabilities 687 696
Total liabilities 21,360 22,901
Commitments and Contingencies      
Stockholders' Deficiency:    
Common Stock, $0.002 par value; 50,000,000 shares authorized; 21,115,074 and 21,080,174 shares issued and outstanding, respectively 42 42
Additional paid-in capital 44,568 44,568
Accumulated deficit (54,105) (54,801)
Less: Treasury stock, at cost, 34,900 shares (99) (99)
Total Stockholders' Deficiency (9,594) (10,290)
Total Liabilities and Stockholders' Deficiency $ 11,766 $ 12,611