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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2017
Jun. 30, 2016
Current assets:    
Cash and cash equivalents $ 3,791 $ 5,835
Accounts receivable, net of allowance for doubtful accounts of $86 ($49 at June 30, 2016) 2,956 3,169
Inventories, net of reserves of $1,396 ($1,437 at June 30, 2016) 3,543 3,593
Prepaid expenses and other current assets 334 246
Total current assets 10,624 12,843
Equipment, less accumulated depreciation 2,351 2,962
Goodwill 13,195 13,195
Intangible assets, net 20,543 20,821
Other assets 63 78
Total assets 46,776 49,899
Current liabilities:    
Accounts payable 1,926 2,648
Accrued payroll and related expenses 307 449
Deferred revenue 688 783
Related party payable 606
Other current liabilities 1,199 1,662
Total current liabilities 4,726 5,542
Long term debt – related party 1,500
Derivative obligation 774 670
Convertible debentures, net 2,489
Other noncurrent liabilities 325 1,284
Noncurrent deferred tax liability 7,641 7,641
Total liabilities 14,966 17,626
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.001 par value; 2,000,000 shares authorized; none issued and outstanding
Common stock, $0.001 par value; 350,000,000 shares authorized; 9,902,316 issued and outstanding (3,010,687 at June 30, 2016) 10 3
Paid in capital in excess of par 216,042 188,569
Accumulated deficit (184,203) (156,262)
Accumulated other comprehensive loss (39) (37)
Total stockholders’ equity 31,810 32,273
Total liabilities and stockholders’ equity $ 46,776 $ 49,899