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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating activities    
Net loss from continuing operations $ (1,444,372) $ (889,400)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization and other non-cash items 763,434 1,271,864
Deferred income tax benefit (186,861) (260,000)
Stock-based compensation 616,206 1,175,165
Deferred income (13,948) (20,852)
Deferred lease liability 69 6,947
Changes in operating assets and liabilities:    
Accounts receivable (487,729) 379,689
Inventories (449,986) (2,623,620)
Prepaid expenses and other assets (167,423) (282,221)
Accounts payable and accrued expenses 137,861 141,624
Net cash used in operating activities (1,232,749) (1,100,804)
Investing activities    
Acquisition of property, plant and equipment, net of disposals (239,627) (410,561)
Acquisition of patents (185,756) (71,541)
Net cash used in investing activities (425,383) (482,102)
Financing activities    
Proceeds from the sale of common stock 4,000,000
Proceeds from exercise of stock options 303,447 151,247
Net cash provided by financing activities 4,303,447 151,247
Cash flows from discontinued operations    
Net cash provided by investing activities 161,861 165,000
Net cash provided by discontinued operations 161,861 165,000
Net increase / (decrease) in cash and cash equivalents 2,807,176 (1,266,659)
Cash and cash equivalents at beginning of period 9,049,327 9,623,749
Cash and cash equivalents at end of period 11,856,503 8,357,090
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 9,866 141,120
Capitalization of consigned product $ 1,363,506 $ 1,017,506