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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2017
Jun. 30, 2016
Cash $ 196 $ 395
Accounts receivable, net 2,706 3,135
Inventories 7,880 7,756
Investment in iBio, Inc. 501 501
Other current assets 353 283
Total current assets 11,636 12,070
Property and equipment, net 1,654 1,567
Security deposits and other assets 324 448
Total Assets 13,614 14,085
Advances under revolving credit facility 3,706 4,210
Accounts payable (includes $64 and $331 due to related party) 4,677 5,469
Accrued expenses and other current liabilities 1,120 1,211
Current portion of long term debt 1,033 934
Total current liabilities 10,536 11,824
Long term debt 4,605 5,306
Subordinated convertible note, net - CD Financial, LLC 5,235 5,206
Derivative liabilities 715 76
Total liabilities 21,091 22,412
Commitments and Contingencies
Stockholders' Deficiency:    
Common Stock, $0.002 par value; 50,000,000 shares authorized; 21,165,074 and 21,140,074 shares issued, 21,130,174 and 21,105,174 shares outstanding 42 42
Additional paid-in capital 44,747 44,707
Accumulated deficit (52,167) (52,977)
Less: Treasury stock, at cost, 34,900 shares (99) (99)
Total Stockholders' Deficiency (7,477) (8,327)
Total Liabilities and Stockholders' Deficiency $ 13,614 $ 14,085