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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2016
Jun. 30, 2015
Current assets    
Cash and cash equivalents $ 2,763,468 $ 5,190,540
Restricted cash 120,695 0
Notes receivable 0 50,000
Accounts receivable, net 2,436,724 0
Inventory 319,784 34,664
Deferred tax asset 5,939,000 0
Prepaid expenses and other current assets 407,157 2,685
Total current assets 11,986,828 5,277,889
Property and equipment, net 3,043,432 2,551,383
Other assets    
Intangibles 2,263,953 0
Deferred tax asset 31,855,000 0
Goodwill 3,318,000 0
Total assets 52,467,213 7,829,272
Current liabilities    
Accounts payable and accrued expenses 5,286,424 1,707,894
Accrued commissions 840,515 690,255
Notes payable 3,877,811 0
Warrant liability 1,405,686 0
Deferred rent 57,049 0
Total current liabilities 11,467,485 2,398,149
Long-term deferred liabilities 0 32,250
Total liabilities 11,467,485 2,430,399
Commitments and contingencies (Note 10 and 15)
Shareholders' equity    
Preferred stock, $.10 par value; 5,000,000 shares authorized, Series B, 28,000 shares and Series D, 605,000 shares issued and outstanding on March 31, 2016 and 0 shares issued and outstanding on June 30, 2015 63,300 0
Common stock, $.001 par value; 190,000,000 shares authorized, 5,772,258 and 958,030 shares issued and outstanding on March 31, 2016 and June 30, 2015, respectively 5,772 958
Additional paid-in capital 38,207,874 0
Retained earnings 2,722,782 5,397,915
Total shareholders' equity 40,999,728 5,398,873
Total liabilities and shareholders' equity $ 52,467,213 $ 7,829,272