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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2015
Jun. 30, 2015
Current Assets:    
Cash and cash equivalents $ 493 $ 697
Accounts receivable, net of allowance for doubtful accounts of $40 and $36, respectively 759 $ 2,326
Due from factor 1,442
Unbilled receivables 1,094 $ 853
Other current receivables 31 28
Inventory 4,251 4,310
Prepaid expenses 160 124
Deferred income taxes 43 70
Total current assets 8,273 8,408
Equipment and leasehold improvements, net 1,337 1,470
Investment in Ramsey property and related note receivable 1,709 1,652
Goodwill 353 353
Intangibles 512 547
Other assets 86 86
Total assets 12,270 12,516
Current Liabilities:    
Accounts payable 1,209 1,867
Accrued expenses 1,257 1,202
Deferred revenue 620 594
Notes payable 524 24
Capital lease obligations 4 7
Total current liabilities 3,614 3,694
Deferred income taxes 43 70
Deferred rent 188 204
Notes payable, net of current portion 65 70
Total non-current liabilities 296 344
Total liabilities 3,910 4,038
Shareholders' equity:    
Common shares; no par value; 50,000,000 shares authorized; 4,141,504 and 4,139,579 shares issued and outstanding at September 30, 2015 and June 30, 2015, respectively 18,418 18,411
Accumulated deficit (10,058) (9,933)
Total shareholders' equity 8,360 8,478
Total liabilities and shareholders' equity $ 12,270 $ 12,516