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Consolidated Balance Sheets - USD ($)
Jun. 30, 2018
Jun. 30, 2017
Current assets    
Cash and cash equivalents $ 723,352 $ 1,121,763
Restricted cash 120,695
Accounts receivable, net 2,507,304 1,020,988
Inventory, net 453,129 347,750
Prepaid expenses and other current assets 54,058 58,711
Total current assets 3,737,843 2,669,907
Property and equipment, net 1,421,097 2,203,543
Other assets    
Intangibles
Security deposits 10,211
Deferred tax asset 5,816,315 11,848,017
Total assets 10,975,255 16,731,678
Current liabilities    
Accounts payable 1,436,897 2,177,722
Accrued expenses 2,237,848 2,168,090
Accrued commissions 608,405 427,627
Accrued dividends 984,979 644,979
Accrued income taxes payable 515,667
Deferred rent 194,628 141,833
Related party notes payable and related party accrued interest 3,049,651 2,545,199
Derivative liabilities 1,323,625 551,040
Total current liabilities 10,351,700 8,656,490
Deferred rent 135,001 45,000
Total liabilities 10,486,701 8,701,490
Commitments and contingencies
Shareholders’ equity    
Preferred stock, $.10 par value; 5,000,000 shares authorized, Series D, 605,000 shares and Series E 25,000 shares issued and outstanding at June 30, 2018, and June 30, 2017, respectively 63,000 63,000
Common stock, $.001 par value; 190,000,000 shares authorized, 7,249,370 and 7,249,370 shares issued and outstanding on June 30, 2018, and June 30, 2017 , respectively 25,579 8,938
Additional paid-in capital 45,089,337 44,307,479
(Accumulated deficit) retained earnings (44,689,362) (36,349,229)
Total shareholders’ equity 488,554 8,030,188
Total liabilities and shareholders’ equity $ 10,975,255 $ 16,731,678