Consolidated Balance Sheets - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Current assets:
Cash and cash equivalents	$ 1,516,761	$ 2,009,554
Accounts receivable, net	1,785,928	1,690,156
Inventory, net	2,219,615	2,910,727
Other current assets	245,520	286,548
Total current assets	5,767,824	6,896,985
Property and equipment, net	48,013	24,456
Goodwill	125,027	125,027
Trademarks and trade names	605,006	605,006
Patents, net	3,200	4,800
Total assets	6,549,070	7,656,274
Current liabilities:
Current portion of post-retirement benefits	101,891	101,891
Accounts payable	1,044,199	1,486,081
Accrued expenses	1,529,428	1,169,943
Liabilities of discontinued operations	86,176	592,837
Total current liabilities	2,761,694	3,350,752
Accrued post-retirement benefits, net of current portion	797,431	841,699
Total long-term liabilities	797,431	841,699
Total liabilities	3,559,125	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	7,526	7,526
Additional paid-in capital	69,629,889	69,562,522
Accumulated deficit	(66,647,470)	(66,106,225)
Total shareholders' equity	2,989,945	3,463,823
Total liabilities and shareholders' equity	$ 6,549,070	$ 7,656,274

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Name:	us-gaap_AccountsPayableCurrent
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.