CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2016	Jun. 30, 2016
Current assets
Cash and cash equivalents	$ 356,077	$ 1,414,706
Restricted cash	120,695	120,695
Accounts receivable, net	1,074,660	2,142,514
Inventory, net	66,820	337,907
Prepaid expenses and other current assets	121,248	170,944
Total current assets	1,739,500	4,186,766
Property and equipment, net	2,881,518	3,476,670
Other assets
Intangibles	2,002,790	2,188,682
Security deposits	10,211	10,211
Deferred tax asset	38,493,000	38,493,000
Goodwill	3,318,000	3,318,000
Total assets	48,445,019	51,673,329
Current liabilities
Accounts payable	3,198,604	4,329,187
Accrued expenses	1,285,818	1,751,234
Accrued commissions	1,034,009	1,106,555
Accrued dividends	603,248	402,000
Notes payable	1,920,000	2,977,811
Derivative liabilities	915,399	1,051,000
Total current liabilities	8,957,078	11,617,787
Deferred rent	109,505	114,379
Total liabilities	9,066,583	11,732,166
Commitments and contingencies
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 December 31, and June 30, 2016 , respectively	63,300	63,300
Common stock, $.001 par value; 190,000,000 shares authorized, 7,168,384 and 5,772,258 shares issued and outstanding on December 31, and June 30, 2016 , respectively	7,168	5,772
Additional paid-in capital	43,936,054	38,316,376
Retained earnings (accumulated deficit)	(4,628,086)	1,555,715
Total shareholders’ equity	39,378,436	39,941,163
Total liabilities and shareholders’ equity	$ 48,445,019	$ 51,673,329

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Name:	us-gaap_AccountsPayableCurrent
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.