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CONSOLIDATED BALANCE SHEETS (UNAUDITED) (USD $)
Dec. 31, 2011
Jun. 30, 2011
CURRENT ASSETS    
Cash and Cash Equivalents $ 786,726 $ 19,556
Accounts Receivable, net 162,911 148,824
Inventories, net 622,397 666,285
Prepaid Expenses 48,224 37,664
Total Current Assets 1,620,258 872,329
PROPERTY AND EQUIPMENT    
Machinery and Equipment 2,355,968 2,355,968
Leasehold Improvements 553,596 553,596
Furniture and Fixtures 148,303 148,303
Vehicles 19,674 19,674
3,077,541 3,077,541
Less: Accumulated Depreciation (3,025,297) (3,015,315)
Net Property and Equipment 52,244 62,226
OTHER ASSETS    
Patents, net   188,260
TOTAL ASSETS 1,672,502 1,122,815
CURRENT LIABILITIES    
10% Senior Secured Convertible Notes 67,569 780,833
Accounts Payable 212,259 709,395
Customer Advances 28,579 36,292
Accrued Employee Compensation 156,533 711,015
Accrued Professional Services 11,083 54,000
Accrued Warranty Expense 25,000 25,000
Other Accrued Liabilities   912
Total Current Liabilities 501,023 2,317,447
STOCKHOLDERS’ EQUITY (DEFICIT)    
Common Stock, $0.01 par value - Authorized - 50,000,000 shares Issued and Outstanding –1,245,339 shares at December 31, 2011 and 971,013 shares at June 30, 2011 12,453 9,710
Additional Paid-in Capital 38,948,831 38,259,029
Accumulated Deficit (37,789,805) (39,463,371)
Total Stockholders’ Equity (Deficit) 1,171,479 (1,194,632)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) $ 1,672,502 $ 1,122,815