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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2016
Jun. 30, 2016
Current Assets:    
Cash and cash equivalents $ 2,168 $ 2,294
Accounts receivable, net of allowance for doubtful accounts of $15 and $20, respectively 1,542 1,469
Due from factor 2,119 1,419
Deferred costs 493 238
Other current receivables 19 91
Inventory 3,370 3,573
Prepaid expenses 107 134
Total current assets 9,818 9,218
Equipment and leasehold improvements, net 1,583 1,286
Goodwill 112 112
Intangibles, net 336 451
Other assets 80 80
Total assets 11,929 11,147
Current Liabilities:    
Accounts payable 1,184 841
Accrued expenses 1,094 1,076
Deferred revenue 319 212
Notes payable 26 26
Income taxes payable 1
Capital lease obligations 30
Total current liabilities 2,653 2,156
Deferred rent, net of current portion 45 68
Notes and capital leases payable, net of current portion 105 46
Total non-current liabilities 150 114
Total liabilities 2,803 2,270
Shareholders' equity:    
Common shares; no par value; 50,000,000 shares authorized; 4,063,837 and 4,052,987 shares issued and outstanding at September 30, 2016 and June 30, 2016, respectively 17,951 17,988
Accumulated deficit (8,825) (9,111)
Total shareholders' equity 9,126 8,877
Total liabilities and shareholders' equity $ 11,929 $ 11,147