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CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2015
Jun. 30, 2014
Current Assets:    
Cash and cash equivalents $ 241,051 $ 202,380
Accounts receivable (net of allowance for doubtful accounts of $22,500 in 2015 and 2014) 588,042 531,049
Inventories 1,073,256 988,878
Prepaid expenses 65,182 91,922
Total current assets 1,967,531 1,814,229
Fixed Assets:    
Machinery and equipment 2,431,127 2,368,709
Leasehold improvements 553,596 553,596
Furniture and fixtures 148,303 148,303
Vehicles 19,674 19,674
Total 3,152,700 3,090,282
Less: Accumulated depreciation and amortization 3,096,993 3,075,722
Net fixed assets 55,707 14,560
Patents, net 18,644 7,672
TOTAL ASSETS 2,041,882 1,836,461
Current Liabilities:    
Accounts payable 912,150 715,192
Customer advances 118,800 26,200
Accrued employee compensation 222,222 200,207
Accrued professional services 60,735 60,250
Accrued warranty expense 25,000 25,000
Other accrued liabilities 36,087 69,028
Total current liabilities $ 1,374,994 $ 1,095,877
Commitments (Note 2)
Stockholders' Equity:    
Common stock, $0.01 par value: 50,000,000 shares authorized; issued and outstanding - 6,389,806 shares at June 30, 2015 and 4,455,134 shares at June 30, 2014 $ 63,898 $ 44,551
Additional paid-in capital 43,232,500 42,146,750
Accumulated deficit (42,629,510) (41,450,717)
Total stockholders' equity 666,888 740,584
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2,041,882 $ 1,836,461