XML 64 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Operations and Comprehensive Income (USD $)
12 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Consolidated Statements Of Operations And Comprehensive Income    
Product sales, net $ 11,834,116 $ 11,783,539
Cost of sales 6,444,699 6,608,288
Gross margin 5,389,417 5,175,251
Operating expenses:    
Selling, general and administrative 4,514,413 3,990,927
New product development 1,215,472 939,025
Amortization of intangibles 35,397 32,868
Loss on disposal of property and equipment 550 2,273
Total costs and expenses 5,765,832 4,965,093
Operating income (loss) (376,415) 210,158
Other income (expense):    
Interest expense (1,343) (96,435)
Interest expense - debt costs (35,338) (3,882)
Change in fair value of warrant liability 93,520 (14,725)
Other income (expense), net 6,327 120,206
Net income (loss) (313,249) 215,322
Income (loss) per common share - (basic) $ (0.02) $ 0.02
Number of shares used in per share calculation - (basic) 14,002,093 12,102,124
Income (loss) per common share - (diluted) $ (0.02) $ 0.02
Number of shares used in per share calculation - (diluted) 14,002,093 12,959,218
Foreign currency translation adjustment (1,055) (35,522)
Comprehensive income (loss) $ (314,304) $ 179,800