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Consolidated Statements of Operations (USD $) | 12 Months Ended | 3 Months Ended
--- | --- | ---
Jun. 30, 2011 | Jun. 30, 2010 | Sep. 30, 2011 Unaudited | Sep. 30, 2010 Unaudited
Product sales, net | $ 10,000,602 | $ 9,250,621 | $ 2,733,125 | $ 2,253,922
Cost of sales | 6,078,829 | 4,935,755 | 1,650,501 | 1,427,474
Gross margin | 3,921,773 | 4,314,866 | 1,082,624 | 826,448
Operating expenses: |  |  |  |
Selling, general and administrative | 3,771,643 | 3,259,551 | 995,621 | 1,071,198
New product development | 995,087 | 869,440 | 287,719 | 222,585
Amortization of intangibles | 32,868 | 32,868 | 8,217 | 8,217
Gain on sale of property and equipment | (20,480) | (9,138) |  | (540)
Total costs and expenses | 4,779,118 | 4,152,721 | 1,291,557 | 1,301,460
Operating income (loss) | (857,345) | 162,145 | (208,933) | (475,012)
Other income (expense): |  |  |  |
Interest expense | (170,585) | (210,002) | (23,420) | (87,322)
Interest expense - debt discount | (316,693) | (370,385) |  | (209,666)
Interest expense - debt costs | (118,977) | (147,550) | (800) | (83,522)
Loss on extinguishment of debt | (131,784) |  |  |
Other income (expense), net | (6,579) | 4,833 | 34,706 | 2,572
Total other income (expense), net |  |  | 10,486 | (377,938)
Net loss | $ (1,601,963) | $ (560,959) | $ (198,447) | $ (852,950)
Loss per common share (basic and diluted) | $ (0.17) | $ (0.07) | $ 0.02 | $ 0.09
Number of shares used in per share calculation (basic and diluted) | 9,533,558 | 8,139,852 | 9,746,107 | 9,011,214

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