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Balance Sheets - USD ($)
Jun. 30, 2020
Jun. 30, 2019
CURRENT ASSETS    
Cash $ 666,756 $ 557,026
Accounts receivable 292,642 277,690
Current inventory – net 493,892 448,407
Prepaid and other current assets 86,467 82,596
Total Current Assets 1,539,757 1,365,719
RIGHT TO USE LEASE ASSETS, OPERATING, NET 692,007 845,256
PROPERTY AND EQUIPMENT    
Molds and models 583,611 583,611
Equipment 3,037,474 3,003,797
Furniture and fixtures 73,423 66,173
Software 247,610 247,610
Less – accumulated depreciation (3,816,004) (3,763,672)
Total Property and Equipment - net 126,114 137,519
OTHER ASSETS    
Patents and trademarks – net 92,905 110,601
Non-current inventory 300,778 269,824
Deposits 11,000 11,000
Total Other Assets 404,683 391,425
TOTAL ASSETS 2,762,561 2,739,919
CURRENT LIABILITIES    
Accounts payable and accrued expenses 691,962 649,046
Current portion of long-term debt 59,440 13,609
Current portion of lease liability 145,800 141,000
Deferred revenue 12,192 19,408
Total Current Liabilities 909,394 823,063
Long-term debt, net of current portion 153,996 75,418
Long-term lease liability, net of current portion 448,200 594,000
TOTAL LIABILITIES 1,511,590 1,492,481
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY    
Preferred stock: 5,000,000 shares authorized of $0.001 par value, -0- and 2,000,000 shares issued and outstanding, respectively 0 2,000
Common stock: 100,000,000 shares authorized of $0.001 par value, 70,172,868 and 47,727,867 shares issued and outstanding, respectively 70,173 47,728
Additional paid-in capital 62,719,473 62,695,035
Stock payable 0 583
Accumulated deficit (61,538,675) (61,497,908)
Total Stockholders’ Equity 1,250,971 1,247,438
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 2,762,561 $ 2,739,919