Note 7 - Interest Expense

12 Months Ended

Jun. 30, 2015

Notes to Financial Statements

Interest Expense [Text Block]

Note 7. Interest Expense

The components of interest expense for the fiscal years ended June 30, 2015 and 2014 are presented below:

	For the Fiscal Years Ended June 30,
	2015		2014
Interest on Senior Debt	$	236	$	241
Accretion of embedded derivative liability - Convertible Note Payable		110		108
Amortization of prepaid financing costs		129		129
Interest on capitalized lease obligations		5		5
Interest on Line of Credit Note with PNC Equipment Finance LLC		7		-
Interest on CD Convertible Note and Liquidity Note - CD Financial		430		430
Other related parties		29		29
Other interest expense		33		22
Interest Expense	$	979	$	964

The weighted average interest rate paid was 4.66% and 4.68% in the fiscal years ended June 30, 2015 and 2014, respectively. As of June 30, 2015 and 2014, the Company had accrued unpaid interest of approximately $114 and $88, respectively.