XML 17 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Balance Sheets (Unaudited) (USD $)
Mar. 31, 2012
Jun. 30, 2011
Current assets:    
Cash and cash equivalents $ 490,055 $ 928,900
Trade accounts receivable, net of allowance of $15,191 and $7,245 2,396,639 1,833,044
Inventories, net 1,563,441 1,622,637
Other receivables 20,654 30,943
Prepaid interest expense 29,000 7,250
Prepaid expenses and other assets 209,858 189,630
Total current assets 4,709,647 4,612,404
Property and equipment, net 2,120,527 2,373,022
Intangible assets, net 76,482 101,133
Debt costs, net 4,732 7,180
Other assets 27,737 27,737
Total assets 6,939,125 7,121,476
Current liabilities:    
Accounts payable 1,302,198 928,790
Accrued liabilities 117,336 123,705
Accrued payroll and benefits 468,448 481,318
Deferred revenue 282,000   
Total current liabilities 2,169,982 1,533,813
Deferred rent 371,509 464,262
8% convertible debentures to related parties 1,012,500 1,012,500
8% convertible debentures 75,000 75,000
Total liabilities 3,628,991 3,085,575
Stockholders' equity:    
Preferred stock: Series D, $.01 par value, voting; 5,000,000 shares authorized; none issued and outstanding      
Common stock: Class A, $.01 par value, voting; 40,000,000 shares authorized; 9,768,100 and 9,713,099 shares issued and outstanding, respectively 97,681 97,131
Additional paid-in capital 207,939,837 207,636,440
Accumulated other comprehensive income 81,610 50,593
Accumulated deficit (204,808,994) (203,748,263)
Total stockholders' equity 3,310,134 4,035,901
Total liabilities and stockholders' equity $ 6,939,125 $ 7,121,476