XML 72 R28.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 7. Notes Payable and Subordinated Convertible Note Payable - CD Financial, LLC (Tables)
12 Months Ended
Jun. 30, 2013
Note 7. Notes Payable and Subordinated Convertible Note Payable - CD Financial, LLC (Tables) [Line Items]  
Schedule of Derivative Liabilities at Fair Value [Table Text Block]
   

June 30,

2013

   

2012

   

Issuance Date-

June 27,

2012

 
                         

Risk Free Interest Rate

    0.66 %     0.72 %     0.72 %

Volatility

    118.50 %     144.10 %     144.10 %

Term (years)

 

4

   

5

   

5

 

Dividend Rate

    0.00 %     0.00 %     0.00 %

Closing Price of Common Stock

  $ 0.15     $ 0.09     $ 0.09  
Schedule of Debt [Table Text Block]
   

Principal Amount

June 30,

   

Interest Rate

 

Maturity Date

   

2013

   

2012

           

Revolving advances under Senior Credit Facility with PNC Bank, National Association

  $ 4,543     $ 2,677       3.25 %

6/27/2017

Installment Note with PNC Bank

    3,239       3,727       3.75 %

6/27/2017

Promissory Note with CD Financial, LLC

    1,714       1,714       6.00 %

7/7/2017

Promissory Note with Vitamin Realty, LLC

    686       686       4.00 %

7/7/2017

Capitalized lease obligation

    58       -       7.10 %

2/28/2015

Promissory Note with E. Gerald Kay

    27       27       4.00 %

7/7/2017

Promissory Note with Acura Financial Services

    32       40       1.90 %

4/15/2017

Total outstanding debt

    10,299       8,871            

Less: Revolving Advances

    (4,543 )     (2,677 )          

Current portion of long term debt

    (868 )     (1,496 )          

Long term debt

  $ 4,888     $ 4,698            
                           

Convertible Note payable - CD Financial, LLC

  $ 5,350     $ 5,350       6.00 %

7/7/2017

Discount for embedded derivative

    (449 )     (554 )          

Convertible Note payable, net - CD Financial, LLC

  $ 4,901     $ 4,796            
Warrants Issued on Oct. 14, 2008 [Member]
 
Note 7. Notes Payable and Subordinated Convertible Note Payable - CD Financial, LLC (Tables) [Line Items]  
Schedule of Derivative Liabilities at Fair Value [Table Text Block]
   

June 30,

2013

   

June 30,

2012

   

Issuance

Date

 
                         

Risk Free Interest Rate

    0.04 %     0.21 %     3.01 %

Volatility

    53.40 %     144.10 %     85.00 %

Term (years)

 

0.08

   

1.08

   

5

 

Dividend Rate

    0.00 %     0.00 %     0.00 %

Closing Price of

                       

Common Stock

  $ 0.15     $ 0.09     $ 0.54