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Consolidated Balance Sheets - USD ($)
Jun. 30, 2016
Jun. 30, 2015
Current assets:    
Cash $ 395,000 $ 71,000
Accounts receivable, net 3,135,000 2,638,000
Inventories 7,756,000 5,778,000
Investment in iBio, Inc. 501,000 501,000
Other current assets 283,000 334,000
Total current assets 12,070,000 9,322,000
Intangible assets, net 235,000 743,000
Property and equipment, net 1,567,000 1,373,000
Security deposits and other assets 213,000 185,000
Total assets 14,085,000 11,623,000
Current liabilities:    
Advances under revolving credit facility 4,210,000 4,462,000
Accounts payable (includes $331 and $290 due to a related party for 2016 and 2015) 5,469,000 5,148,000
Accrued expenses and other current liabilities 1,211,000 1,536,000
Current portion of long term debt 934,000 719,000
Total current liabilities 11,824,000 11,865,000
Long term debt 5,306,000 3,942,000
Subordinated convertible note, net - CD Financial, LLC 5,206,000 5,120,000
Derivative liabilities 76,000 12,000
Total liabilities 22,412,000 20,939,000
Commitments and contingencies
Stockholders' deficiency:    
Common Stock, par value $0.002 per share; shares authorized 50,000,000; shares issued and outstanding were 21,140,074 and 21,105,174, respectively 42,000 42,000
Additional paid-in-capital 44,707,000 44,676,000
Accumulated deficit (52,977,000) (53,935,000)
Less: Treasury stock, at cost, 34,900 shares (99,000) (99,000)
Total stockholders' deficiency (8,327,000) (9,316,000)
Total liabilities and stockholders' deficiency $ 14,085,000 $ 11,623,000