Assets Held for Sale

6 Months Ended

Dec. 31, 2012

6. Assets Held for Sale

On December 31, 2012, the Company entered into an Asset Purchase Agreement for certain of the assets, rights and properties of the ThermoLine product line for $500,000. The $500,000 was received on December 31, 2012 and is included in other current liabilities on the balance sheet. The Company will recognize the gain on sale upon delivery of the assets which is expected to occur during the quarter ended March 31, 2013. The following table sets forth the assets held for sale of the ThermoLine product line as of December 31, 2012:

Inventories	$	255,000
Equipment		5,000
Total assets held for sale	$	260,000