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CONSOLIDATED BALANCE SHEETS (UNAUDITED) (USD $)
Mar. 31, 2012
Jun. 30, 2011
CURRENT ASSETS    
Cash and Cash Equivalents $ 436,219 $ 19,556
Accounts Receivable, net 119,479 148,824
Inventories, net 698,350 666,285
Prepaid Expenses 38,419 37,664
Total Current Assets 1,292,467 872,329
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 (3,030,440) (3,015,315)
Net Property and Equipment 47,101 62,226
OTHER ASSETS    
Patents, net   188,260
TOTAL ASSETS 1,339,568 1,122,815
CURRENT LIABILITIES    
10% Senior Secured Convertible Notes 68,819 780,833
Accounts Payable 294,781 709,395
Customer Advances 22,619 36,292
Accrued Employee Compensation 189,988 711,015
Accrued Professional Services 24,760 54,000
Accrued Warranty Expense 25,000 25,000
Other Accrued Liabilities   912
Total Current Liabilities 625,967 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 March 31, 2012 and 971,013 shares at June 30, 2011 12,453 9,710
Additional Paid-in Capital 38,983,092 38,259,029
Accumulated Deficit (38,281,944) (39,463,371)
Total Stockholders’ Equity (Deficit) 713,601 (1,194,632)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) $ 1,339,568 $ 1,122,815