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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2016
Jun. 30, 2016
Current assets:    
Cash and cash equivalents $ 5,608 $ 5,835
Accounts receivable, net of allowance for doubtful accounts of $56 ($49 at June 30, 2016) 3,010 3,169
Inventories, net of reserves of $1,365 ($1,437 at June 30, 2016) 3,357 3,593
Prepaid expenses and other current assets 203 246
Total current assets 12,178 12,843
Equipment at cost, less accumulated depreciation 3,011 2,962
Goodwill 13,195 13,195
Intangible assets, net 20,723 20,821
Other assets 78 78
Total assets 49,185 49,899
Current liabilities:    
Accounts payable 1,821 2,648
Accrued payroll and related expenses 372 449
Deferred revenue 560 783
Other current liabilities 1,193 1,662
Total current liabilities 3,946 5,542
Noncurrent deferred tax liability 7,641 7,641
Derivative obligation 996 670
Convertible debentures, net 2,489
Other non-current liabilities 275 1,284
Total liabilities 12,858 17,626
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.001 par value; 2,000,000 shares authorized, none outstanding
Common stock, $0.001 par value;150,000,000 shares authorized; 9,790,500 issued and outstanding (3,010,687 at June 30, 2016) 9 3
Paid in capital in excess of par 215,060 188,569
Accumulated deficit (178,707) (156,262)
Accumulated other comprehensive loss (35) (37)
Total stockholders’ equity 36,327 32,273
Total liabilities and stockholders’ equity $ 49,185 $ 49,899