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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2015
Jun. 30, 2015
Current Assets:    
Cash $ 84 $ 71
Accounts receivable, net 2,803 2,638
Inventories 6,087 5,778
Investment in iBio, Inc. 501 501
Other current assets 358 334
Total current assets 9,833 9,322
Intangible assets, net 712 743
Property and equipment, net 1,368 1,373
Security deposits and other assets 164 185
Total Assets 12,077 11,623
Current Liabilities:    
Advances under revolving credit facility 4,219 4,462
Accounts payable (includes $423 and $290 due to related party) 6,034 5,148
Accrued expenses and other current liabilities 1,189 1,536
Current portion of long term debt 707 719
Total current liabilities 12,149 11,865
Long term debt 3,830 3,942
Subordinated convertible note, net - CD Financial, LLC 5,148 5,120
Derivative liabilities 15 12
Total liabilities $ 21,142 $ 20,939
Commitments and Contingencies
Stockholders' Deficiency:    
Common Stock, $0.002 par value; 50,000,000 shares authorized; 21,140,074 and 21,105,174 shares issued and outstanding, respectively $ 42 $ 42
Additional paid-in capital 44,684 44,676
Accumulated deficit (53,692) (53,935)
Less: Treasury stock, at cost, 34,900 shares (99) (99)
Total Stockholders' Deficiency (9,065) (9,316)
Total Liabilities and Stockholders' Deficiency $ 12,077 $ 11,623