XML 15 R2.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2015
Jun. 30, 2015
Current Assets:    
Cash and cash equivalents $ 111,718 $ 241,051
Accounts receivable, net 459,128 588,042
Inventories, net 1,018,727 1,073,256
Prepaid expenses 57,988 65,182
Total current assets 1,647,561 1,967,531
Fixed Assets:    
Machinery and equipment 2,435,499 2,431,127
Leasehold improvements 553,596 553,596
Furniture and fixtures 148,303 148,303
Vehicles 19,674 19,674
Total 3,157,072 3,152,700
Less: Accumulated depreciation (3,102,534) (3,096,993)
Net property and equipment 54,538 55,707
Patents, net 20,087 18,644
TOTAL ASSETS 1,722,186 2,041,882
Current Liabilities:    
Accounts payable 871,341 912,150
Customer advances 122,300 118,800
Accrued employee compensation 192,417 222,222
Accrued professional services 95,950 60,735
Accrued warranty expense 25,000 25,000
Other accrued liabilities 29,857 36,087
Total current liabilities 1,336,865 1,374,994
Stockholders' Equity:    
Common Stock, $0.01 par value - Authorized - 50,000,000 shares; Issued and Outstanding - 6,389,806 shares at September 30, 2015 and June 30, 2015 63,898 63,898
Additional paid-in capital 43,332,823 43,232,500
Accumulated deficit (43,011,400) (42,629,510)
Total stockholders' equity 385,321 666,888
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 1,722,186 $ 2,041,882