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Income Taxes (Tables)

12 Months Ended

Jun. 30, 2012

Notes to Financial Statements

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences that give rise to significant portions of deferred tax assets and deferred tax liabilities are as follows at June 30:

		2012				2011
Deferred tax  assets:
Net operating loss and credit carryforwards		$	36,606,000			$	36,370,000
Intangible assets			248,000				335,000
Capital loss and R&D credits			1,496,000				1,397,000
Research development expenses			694,000				708,000
Inventory			57,000				80,000
Accrued expenses and other			110,000				59,000
Gross deferred tax assets			39,211,000				38,949,000
Valuation allowance for deferred tax assets			(38,800,000	)			(38,558,000	)
Total deferred tax assets			411,000				391,000
Deferred tax liabilities:
Depreciation and other			(411,000	)			(391,000	)
Net deferred tax liability		$	-			$	-

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- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

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