Quarterly Results

12 Months Ended

Jun. 30, 2012

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information [Text Block]

13. Quarterly Results (unaudited)

	FISCAL 2012
	Q1			Q2			Q3			Q4			YEAR
Net sales	$	3,217,199		$	3,550,535		$	3,609,746		$	5,300,520		$	15,678,000
Cost of goods sold		1,453,407			1,281,561			1,491,225			2,240,933			6,467,126
Gross profit		1,763,792			2,268,974			2,118,521			3,059,587			9,210,874
Operating expenses:
Selling expenses		1,180,252			1,194,045			1,245,782			1,411,752			5,031,831
General and administrative expenses		1,167,820			1,082,385			1,024,029			1,102,320			4,376,554
Research and development expenses		309,974			303,702			333,308			345,241			1,292,225
Total operating expenses		2,658,046			2,580,132			2,603,119			2,859,313			10,700,610
Loss from operations		(894,254	)		(311,158	)		(484,598	)		200,274			(1,489,736	)
Other income(expense):
Interest income		19			139			248			51			457
Interest expense		(212	)		(151	)		(72	)		-			(435	)
Royalty income and license fees		138,135			188,372			135,794			156,996			619,297
Royalty( expense)/recovery		(28,570	)		149,846			(8,659	)		(16,617	)		96,000
Other		(14,144	)		(6,335	)		(4,989	)		(3,662	)		(29,130	)
Total other income		95,228			331,871			122,322			136,768			686,189
(Loss)/income from continuing operations before income taxes		(799,026	)		20,713			(362,276	)		337,042			(803,547	)
Income tax expense/(benefit)		4,960			(207,233	)		(85,862	)		93,353			(194,782	)
Net (loss)/income from continuing operations	$	(803,986	)	$	227,946		$	(276,414	)	$	243,689		$	(608,765	)
Discontinued operations:
Net (loss)/income from discontinued operations net of income tax expense/benefit of $0, $401,751, $(21,314) and $(185,336)		(79,956	)		792,133			61,789			201,124			975,090
Net (loss)/income from discontinued operations		(79,956	)		792,133			61,789			201,124			975,090
Net (loss)/income	$	(883,942	)	$	1,020,079		$	(214,625	)	$	444,813		$	366,325
Net (loss)/income per share from continuing operations - Basic	$	(0.11	)	$	0.03		$	(0.04	)	$	0.03		$	(0.09	)
Net (loss)/income per share from discontinued operations - Basic		(0.02	)		0.11			0.01			0.03			0.14
Net (loss)/income per share - Basic	$	(0.13	)	$	0.15		$	(0.03	)	$	0.06		$	0.05
Net (loss)/income per share from continuing operations - Diluted	$	(0.11	)	$	0.03		$	(0.04	)	$	0.03		$	(0.09	)
Net (loss)/income per share from discontinued operations - Diluted		(0.02	)		0.11			0.01			0.03			0.14
Net (loss)/income per share - Diluted	$	(0.13	)	$	0.15		$	(0.03	)	$	0.06		$	0.05

	FISCAL 2011
	Q1			Q2			Q3			Q4			YEAR
Net sales	$	2,692,268		$	2,762,556		$	3,152,771		$	3,765,434		$	12,373,029
Cost of goods sold		1,219,697			1,039,307			1,396,200			1,631,442			5,286,646
Gross profit		1,472,571			1,723,249			1,756,571			2,133,992			7,086,383
Operating expenses:
Selling expenses		820,514			907,693			972,174			1,185,403			3,885,784
General and administrative expenses		1,217,805			1,109,482			1,007,051			1,165,183			4,499,521
Research and development expenses		381,277			352,161			362,295			335,894			1,431,627
Total operating expenses		2,419,596			2,369,336			2,341,520			2,686,480			9,816,932
Loss from operations		(947,025	)		(646,087	)		(584,949	)		(552,488	)		(2,730,549	)
Other income(expense):
Interest income		50			25			18			37			130
Interest expense		(3,641	)		(1,438	)		(415	)		(280	)		(5,774	)
Royalty income and license fees		179,115			172,587			135,920			153,866			641,488
Royalty expense		(19,343	)		(20,916	)		(11,065	)		(28,553	)		(79,877	)
Other		45,409			(5,576	)		106,963			(12,885	)		133,911
Total other income		201,590			144,682			231,421			112,185			689,878
Loss from continuing operations before income taxes		(745,435	)		(501,405	)		(353,528	)		(440,303	)		(2,040,671	)
Income tax expense		38,100			4,000			4,000			18,116			64,216
Net loss income from continuing operations	$	(783,535	)	$	(505,405	)	$	(357,528	)	$	(458,419	)	$	(2,104,887	)
Discontinued operations:
Net loss from discontinued operations net of income tax expense (benefit) of $0, $0, $0 and $0		(234,311	)		(30,761	)		(173,950	)		(990,337	)		(1,429,359	)
Net loss from discontinued operations		(234,311	)		(30,761	)		(173,950	)		(990,337	)		(1,429,359	)
Net loss	$	(1,017,846	)	$	(536,166	)	$	(531,478	)	$	(1,448,756	)	$	(3,534,246	)
Net loss per share from continuing operations - Basic	$	(0.11	)	$	(0.08	)	$	(0.05	)	$	(0.07	)	$	(0.30	)
Net loss per share from discontinued operations - Basic		(0.04	)		-			(0.03	)		(0.14	)		(0.20	)
Net loss per share - Basic	$	(0.15	)	$	(0.08	)	$	(0.08	)	$	(0.21	)	$	(0.50	)
Net loss per share from continuing operations - Diluted	$	(0.11	)	$	(0.08	)	$	(0.05	)	$	(0.07	)	$	(0.30	)
Net loss per share from discontinued operations - Diluted		(0.04	)		-			(0.03	)		(0.14	)		(0.20	)
Net loss per share - Diluted	$	(0.15	)	$	(0.08	)	$	(0.08	)	$	(0.21	)	$	(0.50	)

Schedule II

			Column C
	Column B		Additions					Column E
	Balance at		Charged					Balance at
Column A	Beginning		to cost and		Column D			end of
Description	of period		expenses		(Deductions)			period
Allowance for doubtful accounts:
Year ended June 30:
2012	$	115,739	$	40,000	$	0		$	155,739
2011	$	123,346	$	13,441	$	(21,048	)	$	115,739

(A) Reduction in allowance for doubtful accounts due to write off of certain accounts receivable balances.