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CONSOLIDATED BALANCE SHEETS (UNAUDITED) (USD $)
Sep. 30, 2011
Jun. 30, 2011
CURRENT ASSETS  
Cash and Cash Equivalents$ 1,788,473$ 19,556
Accounts Receivable, net232,169148,824
Inventories, net661,701666,285
Prepaid Expenses83,14537,664
Total Current Assets2,765,488872,329
PROPERTY AND EQUIPMENT  
Machinery and Equipment2,355,9682,355,968
Leasehold Improvements553,596553,596
Furniture and Fixtures148,303148,303
Vehicles19,67419,674
[PropertyPlantAndEquipmentGross]3,077,5413,077,541
Less: Accumulated Depreciation(3,020,153)(3,015,315)
Net Property and Equipment57,38862,226
OTHER ASSETS  
Patents, net 188,260
TOTAL ASSETS2,822,8761,122,815
CURRENT LIABILITIES  
10% Senior Secured Convertible Notes795,833780,833
Accounts Payable476,921709,395
Customer Advances19,77936,292
Accrued Employee Compensation684,712711,015
Accrued Professional Services4,82254,000
Accrued Warranty Expense25,00025,000
Other Accrued Liabilities 912
Total Current Liabilities2,007,0672,317,447
Common Stock, $0.01 par value -  
Issued and Outstanding – 971,013 shares at September 30, 2011 and at June 30, 2011, respectively9,7109,710
Additional Paid-in Capital38,271,02938,259,029
Accumulated Deficit(37,464,930)(39,463,371)
Total Stockholders’ Equity (Deficit)815,809(1,194,632)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)$ 2,822,876$ 1,122,815