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CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2017
Jun. 30, 2017
Jun. 30, 2016
Current Assets:      
Cash and cash equivalents $ 194,714 $ 118,405 $ 50,059
Accounts receivable (net of allowance for doubtful accounts of $5,000 at June 30, 2017 and $23,377 at June 30, 2016) 613,961 468,548 750,380
Inventories 967,285 1,055,447 1,133,451
Prepaid expenses 51,394 55,985 88,129
Total current assets 1,827,354 1,698,385 2,022,019
Fixed Assets:      
Machinery and equipment 2,507,190 2,507,190 2,479,471
Leasehold improvements 553,596 553,596 553,596
Furniture and fixtures 148,303 148,303 148,303
Vehicles   0 19,674
Total 3,209,089 3,209,089 3,201,044
Less: Accumulated depreciation and amortization 3,145,585 3,136,835 3,122,849
Net fixed assets 63,504 72,254 78,195
Patents, net 30,086 30,086 22,874
TOTAL ASSETS 1,920,944 1,800,725 2,123,088
Current Liabilities:      
Current portion of capital lease obligation 8,531 8,391 7,857
Accounts payable 663,302 694,958 1,151,561
Customer advances 122,495 180,137 0
Accrued employee compensation 144,873 189,783 238,381
Accrued professional services 91,500 71,000 65,550
Accrued warranty expense 25,000 25,000 25,000
Other accrued liabilities 41,175 49,512 15,612
Total current liabilities 1,096,876 1,218,781 1,503,961
Capital lease obligation, net of current portion 21,378 23,564 31,955
Stockholders' Equity:      
Common stock, $0.01 par value: 50,000,000 shares authorized; issued and outstanding - 8,872,916 shares at June 30, 2017 and 7,539,582 shares at June 30, 2016 94,285 88,729 75,396
Additional paid-in capital 45,407,922 45,140,383 44,176,051
Accumulated deficit (44,699,517) (44,670,732) (43,664,275)
Total stockholders' equity 802,690 558,380 587,172
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 1,920,944 $ 1,800,725 $ 2,123,088