XML 23 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (USD $)
Sep. 30, 2014
Jun. 30, 2014
Pension and Other Postretirement Defined Benefit Plans, Current Liabilities $ 101,891 $ 101,891
ASSETS    
Cash and cash equivalents 1,459,346 2,009,554
Accounts receivable, net 1,580,597 1,690,156
Inventory, net 2,845,031 2,910,727
Other current assets 238,084 286,548
Total current assets 6,123,058 6,896,985
Property and equipment, net 29,915 24,456
Goodwill 125,027 125,027
Trademarks and trade names 605,006 605,006
Patents, net 4,400 4,800
Total assets 6,887,406 7,656,274
LIABILITIES AND SHAREHOLDERS' EQUITY    
Accounts payable 1,308,661 1,486,081
Accrued expenses 1,020,946 1,169,943
Liabilities of discontinued operations 611,600 592,837
Total current liabilities 3,043,098 3,350,752
Accrued post-retirement benefits 820,984 841,699
Total long-term liabilities 820,984 841,699
Total liabilities 3,864,082 4,192,451
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 December 31, 2012 and June 30, 2012 7,526 7,526
Additional paid-in capital 69,580,982 69,562,522
Accumulated deficit (66,565,184) (66,106,225)
Total shareholders' equity 3,023,324 3,463,823
Total liabilities and shareholders' equity $ 6,887,406 $ 7,656,274