XML 86 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (USD $)
Jun. 30, 2013
Jun. 30, 2012
ASSETS    
Cash and cash equivalents $ 2,654,701 $ 890,623
Accounts receivable, net 1,725,841 1,343,823
Inventory, net 1,853,686 1,434,260
Other current assets 288,598 199,312
Assets of discontinued operations 0 4,012,725
Total current assets 6,522,826 7,880,743
Property and equipment, net 12,594 12,954
Goodwill 125,027 125,027
Trademarks and trade names 605,006 605,006
Patents, net 6,712 14,852
Assets of Disposal Group, Including Discontinued Operation, Noncurrent 0 1,111,883
Total assets 7,272,165 9,750,465
LIABILITIES AND SHAREHOLDERS' EQUITY    
Current portion of long-term debt 0 4,149,516
Pension and Other Postretirement Defined Benefit Plans, Current Liabilities 101,891  
Related party note payable 0 300,000
Accounts payable 672,926 660,274
Accrued expenses 1,171,281 1,335,744
Liabilities of discontinued operations 573,435 1,617,814
Total current liabilities 2,519,533 8,063,348
Accrued post-retirement benefits 923,706 1,042,252
Total long-term liabilities 923,706 1,042,252
Total liabilities 3,443,239 9,105,600
Shareholders equity:    
Preferred stock, $0.001 par value; 2,000,000 shares authorized; no shares issued 0 0
Common stock, $0.001 par value; 35,000,000 shares authorized; 7,526,430 issued and outstanding at June 30, 2012 and June 30, 2011 7,526 7,526
Common stock warrants 132,114 132,114
Additional paid-in capital 69,413,628 69,369,658
Accumulated deficit (65,724,342) (68,348,811)
Accumulated other comprehensive loss 0 (515,622)
Total shareholders' equity 3,828,926 644,865
Total liabilities and shareholders' equity $ 7,272,165 $ 9,750,465