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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2016
Jun. 30, 2015
Current Assets:    
Cash and Cash Equivalents $ 172,269 $ 241,051
Accounts Receivable, net 607,976 588,042
Inventories, net 1,053,302 1,073,256
Prepaid Expenses 100,194 65,182
Total Current Assets 1,933,741 1,967,531
Property and Equipment:    
Machinery and Equipment 2,479,471 2,431,127
Leasehold Improvements 553,596 553,596
Furniture and Fixtures 148,303 148,303
Vehicles 19,674 19,674
Total 3,201,044 3,152,700
Less: Accumulated Depreciation and Amortization (3,115,345) (3,096,993)
Net Property and Equipment 85,699 55,707
Patents, net 22,874 18,644
TOTAL ASSETS 2,042,314 2,041,882
Current Liabilities:    
Current Portion of Capital Lease Obligation 7,728 0
Accounts Payable 1,025,422 912,150
Customer Advances 23,010 118,800
Accrued Employee Compensation 176,130 222,222
Accrued Professional Services 54,471 60,735
Accrued Warranty Expense 25,000 25,000
Other Accrued Liabilities 7,200 36,087
Total Current Liabilities 1,318,961 1,374,994
Capital Lease Obligation, net of current portion 33,968 0
Stockholders' Equity:    
Common Stock, $0.01 par value - Authorized - 50,000,000 shares; Issued and Outstanding - 7,539,582 shares at March 31, 2016 and 6,389,806 shares at June 30, 2015 75,396 63,898
Additional Paid-in Capital 44,128,796 43,232,500
Accumulated Deficit (43,514,807) (42,629,510)
Total Stockholders' Equity 689,385 666,888
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2,042,314 $ 2,041,882