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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2015
Jun. 30, 2014
Current assets:    
Cash $ 71 $ 451
Accounts receivable, net 2,638 2,179
Inventories 5,778 5,698
Investment in iBio, Inc. 501 532
Other current assets 334 306
Total current assets 9,322 9,166
Intangible assets, net 743 880
Property and equipment, net 1,373 1,239
Security deposits and other assets 185 298
Total assets 11,623 11,583
Current liabilities:    
Advances under revolving credit facility 4,462 4,121
Accounts payable (includes $290 and $184 due to a related party for 2015 and 2014) 5,148 5,635
Accrued expenses and other current liabilities 1,536 1,309
Current portion of long term debt 719 588
Total current liabilities 11,865 11,653
Long term debt 3,942 4,359
Subordinated convertible note, net - CD Financial, LLC 5,120 5,009
Derivative liabilities 12 717
Total liabilities $ 20,939 $ 21,738
Commitments and contingencies    
Stockholders' deficiency:    
Common Stock, par value $0.002 per share; shares authorized 50,000,000; shares issued and outstanding were 21,140,074 and 21,105,174, respectivley $ 42 $ 42
Additional paid-in-capital 44,676 44,572
Accumulated deficit (53,935) (54,670)
Less: Treasury stock, at cost, 34,900 shares (99) (99)
Total stockholders' deficiency (9,316) (10,155)
Total liabilities and stockholders' deficiency $ 11,623 $ 11,583