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CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2015
Jun. 30, 2015
Jun. 30, 2014
Current Assets:      
Cash and cash equivalents $ 111,718 $ 241,051 $ 202,380
Accounts receivable, net 459,128 588,042 531,049
Inventories, net 1,018,727 1,073,256 988,878
Prepaid expenses 57,988 65,182 91,922
Total current assets 1,647,561 1,967,531 1,814,229
Fixed Assets:      
Machinery and equipment 2,435,499 2,431,127 2,368,709
Leasehold improvements 553,596 553,596 553,596
Furniture and fixtures 148,303 148,303 148,303
Vehicles 19,674 19,674 19,674
Total 3,157,072 3,152,700 3,090,282
Less: Accumulated depreciation (3,102,534) (3,096,993) 3,075,722
Net property and equipment 54,538 55,707 14,560
Patents, net 20,087 18,644 7,672
TOTAL ASSETS 1,722,186 2,041,882 1,836,461
Current Liabilities:      
Accounts payable 871,341 912,150 715,192
Customer advances 122,300 118,800 26,200
Accrued employee compensation 192,417 222,222 200,207
Accrued professional services 95,950 60,735 60,250
Accrued warranty expense 25,000 25,000 25,000
Other accrued liabilities 29,857 36,087 69,028
Total current liabilities $ 1,336,865 $ 1,374,994 $ 1,095,877
Commitments
Stockholders' Equity:      
Common Stock, $0.01 par value - Authorized - 50,000,000 shares; Issued and Outstanding - 6,389,806 shares at September 30, 2015 and June 30, 2015 $ 63,898 $ 63,898 $ 44,551
Additional paid-in capital 43,332,823 43,232,500 42,146,750
Accumulated deficit (43,011,400) (42,629,510) (41,450,717)
Total stockholders' equity 385,321 666,888 740,584
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 1,722,186 $ 2,041,882 $ 1,836,461