XML 64 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Balance Sheets (USD $)
Jun. 30, 2012
Jun. 30, 2011
Current assets:    
Cash and cash equivalents $ 6,426,645 $ 12,991,511
Accounts receivable, less allowance for uncollectible accounts of $25,000 and $113,000, respectively 2,441,941 1,634,719
Finance receivables 206,649 285,786
Inventory 2,511,748 2,670,332
Prepaid expenses and other current assets 555,823 846,033
Total current assets 12,142,806 18,428,381
Finance receivables, less current portion 336,198 195,601
Property and equipment, net 11,800,108 7,395,775
Intangibles, net 1,196,453 2,194,353
Goodwill 7,663,208 7,663,208
Other assets 80,884 126,687
Total assets 33,219,657 36,004,005
Current liabilities:    
Accounts payable 6,136,443 5,638,361
Accrued expenses 3,342,456 1,088,090
Current obligations under long-term debt 466,056 155,428
Total current liabilities 9,944,955 6,881,879
Long-term liabilities:    
Long-term debt, less current portion 262,274 97,633
Accrued expenses, less current portion 426,241 166,709
Deferred tax liabilities 12,599  
Warrant liabilities, non-current 918,566 2,732,253
Total long-term liabilities 1,619,680 2,996,595
Total liabilities 11,564,635 9,878,474
Commitments and contingencies (Note 15)      
Shareholders' equity:    
Preferred stock, no par value: Authorized shares- 1,800,000 Series A convertible preferred- Authorized shares- 900,000 Issued and outstanding shares- 442,968 (liquidation preference of $15,361,552 and $14,697,100, respectively) 3,138,056 3,138,056
Common stock, no par value: Authorized shares- 640,000,000 Issued and outstanding shares- 32,510,069 and 32,281,140, respectively 220,513,327 219,772,598
Accumulated deficit (201,996,361) (196,785,123)
Total shareholders' equity 21,655,022 26,125,531
Total liabilities and shareholders' equity $ 33,219,657 $ 36,004,005