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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Dec. 31, 2018
Jun. 30, 2018
Current Assets:    
Cash and cash equivalents $ 1,744,644 $ 402,738
Accounts receivable, net 728,636 796,923
Inventories, net 1,095,525 1,144,068
Prepaid expenses 136,517 70,991
Total current assets 3,705,322 2,414,720
Property and Equipment:    
Machinery and equipment 2,574,579 2,511,638
Leasehold improvements 566,839 553,596
Furniture and fixtures 148,303 148,303
Total 3,289,721 3,213,537
Less: Accumulated depreciation and amortization (3,178,645) (3,164,051)
Net fixed assets 111,076 49,486
Patents, net 46,007 47,275
TOTAL ASSETS 3,862,405 2,511,481
Current Liabilities:    
Current portion of capital lease obligation 9,262 8,962
Accounts payable 752,020 703,538
Customer advances 294,650 857,842
Accrued employee compensation 228,314 238,590
Accrued professional services 74,250 98,000
Accrued warranty expense 25,000 25,000
Other accrued liabilities 0 912
Total current liabilities 1,383,496 1,932,844
Capital lease obligation, net of current portion 9,894 14,601
Stockholders' Equity:    
Common Stock, $0.01 par value - Authorized - 50,000,000 shares; Issued and Outstanding; 11,897,139 shares at December 31, 2018 and 10,197,139 shares at June 30, 2018 118,972 101,972
Additional paid-in capital 47,797,398 45,484,186
Accumulated deficit (45,447,355) (45,022,122)
Total stockholders' equity 2,469,015 564,036
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 3,862,405 $ 2,511,481