XML 48 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (USD $)
Jun. 30, 2014
Jun. 30, 2013
Current assets:    
Cash and cash equivalents $ 1,197,080 $ 1,565,215
Trade accounts receivable, net of allowance of $5,801 and $20,617 2,472,876 2,126,907
Inventories, net 3,322,983 1,770,681
Other receivables 199,976 353,530
Prepaid expenses and other assets 298,203 262,236
Total current assets 7,491,118 6,078,569
Property and equipment, net 3,173,905 2,235,781
Intangible assets, net   35,397
Other assets 27,737 27,737
Total assets 10,692,760 8,377,484
Current liabilities:    
Accounts payable 1,809,532 1,065,651
Accrued liabilities 124,582 110,628
Accrued payroll and benefits 477,623 440,462
Deferred revenue    1,966
Loan payable, current portion 54,982  
Capital lease obligation, current portion 6,196 3,602
Total current liabilities 2,472,915 1,622,309
Capital lease obligations, less current portion 6,270 3,302
Deferred rent 76,490 220,216
Warrant liability 731,431 1,102,021
Loan payable, less current portion 109,963  
Total liabilities 3,397,069 2,947,848
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; 14,293,305 and 12,958,239 shares issued and outstanding, respectively 142,933 129,582
Additional paid-in capital 211,812,134 209,645,126
Accumulated other comprehensive income 51,681 52,736
Accumulated deficit (204,711,057) (204,397,808)
Total stockholders' equity 7,295,691 5,429,636
Total liabilities and stockholders' equity $ 10,692,760 $ 8,377,484