XML 15 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Income Statement [Abstract]    
Revenues $ 3,154,547 $ 3,916,702
Cost of goods sold 2,380,823 2,974,681
Gross profit 773,724 942,021
Research and development expenses, net 464,162 478,267
Selling, general and administrative expenses 1,313,478 1,551,895
Gain on sale of assets (1,515) (32,707)
Total operating expenses 1,776,125 1,997,455
Operating loss (1,002,401) (1,055,434)
Interest expense (3,144) (469)
Other income 0 22,050
Loss before provision for income taxes (1,005,545) (1,033,853)
Provision for income taxes 912 912
Net loss $ (1,006,457) $ (1,034,765)
Loss Per Share:    
Basic $ (0.12) $ (0.15)
Diluted $ (0.12) $ (0.15)
Weighted Average Common Shares Outstanding:    
Basic 8,343,235 7,157,978
Diluted 8,343,235 7,157,978