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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Dec. 31, 2015
Jun. 30, 2015
Current Assets:    
Cash and cash equivalents $ 1,053 $ 697
Accounts receivable, net of allowance for doubtful accounts of $20 and $36, respectively 1,831 $ 2,326
Due from factor 912
Unbilled receivables 108 $ 853
Other current receivables 10 28
Inventory 4,481 4,310
Prepaid expenses 122 $ 124
Investment in Ramsey property and related notes receivable 1,461
Deferred income taxes 43 $ 70
Total current assets 10,021 8,408
Equipment and leasehold improvements, net $ 1,225 1,470
Investment in Ramsey property and related notes receivable 1,652
Goodwill $ 353 353
Intangibles 480 547
Other assets 88 86
Total assets 12,167 12,516
Current Liabilities:    
Accounts payable 1,286 1,867
Accrued expenses 1,036 1,202
Deferred revenue 282 594
Notes payable 522 24
Capital lease obligations 1 7
Total current liabilities 3,127 3,694
Deferred income taxes 43 70
Deferred rent 173 204
Note payable, net of current portion 58 70
Total non-current liabilities 274 344
Total liabilities 3,401 4,038
Shareholders' equity:    
Common shares; no par value; 50,000,000 shares authorized; 4,149,004 and 4,139,579 shares issued and outstanding at December 31, 2015 and June 30, 2015, respectively 18,434 18,411
Accumulated deficit (9,668) (9,933)
Total shareholders' equity 8,766 8,478
Total liabilities and shareholders' equity $ 12,167 $ 12,516