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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Dec. 31, 2015
Jun. 30, 2015
Current assets:    
Cash and cash equivalents $ 2,942,000 $ 3,357,000
Accounts receivable, net of allowance for doubtful accounts of $40 ($46 at June 30, 2015) 3,467,000 5,133,000
Inventories 3,986,000 4,598,000
Prepaid expenses and other current assets 336,000 163,000
Total current assets 10,731,000 13,251,000
Equipment at cost, less accumulated depreciation of $5,316 ($4,935 at June 30, 2015) 3,137,000 2,937,000
Goodwill 13,195,000 13,195,000
Intangible assets, net 21,045,000 21,295,000
Other assets 78,000 79,000
Total assets 48,186,000 50,757,000
Current liabilities:    
Accounts payable 4,424,000 5,079,000
Accrued payroll and related expenses 462,000 705,000
Deferred revenue 279,000 635,000
Other current liabilities 2,225,000 1,527,000
Total current liabilities 7,390,000 7,946,000
Noncurrent deferred tax liability 7,641,000 7,641,000
Derivative obligations 643,000 $ 0
Convertible debentures, net 62,000
Other noncurrent liabilities 259,000 $ 268,000
Total liabilities $ 15,995,000 $ 15,855,000
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.001 par value; 2,000,000 shares authorized, none issued and outstanding $ 0 $ 0
Common stock, $0.001 par value; 350,000,000 shares authorized; 42,807,468 issued and outstanding (40,501,730 at June 30, 2015) 43,000 41,000
Paid in capital in excess of par 173,872,000 172,540,000
Accumulated deficit (141,695,000) (137,674,000)
Accumulated other comprehensive loss (29,000) (5,000)
Total stockholders’ equity 32,191,000 34,902,000
Total liabilities and stockholders’ equity $ 48,186,000 $ 50,757,000