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Consolidated Balance Sheets (USD $)
Sep. 30, 2012
Jun. 30, 2012
CURRENT ASSETS    
Cash and Cash Equivalents $ 2,337,694 $ 145,923
Accounts Receivable, net 298,621 341,900
Inventories, net 659,603 682,900
Prepaid Expenses 51,501 33,719
Total Current Assets 3,347,419 1,204,442
PROPERTY AND EQUIPMENT    
Machinery and Equipment 2,355,968 2,355,968
Leasehold Improvements 553,596 553,596
Furniture and Fixtures 148,303 148,303
Vehicles 19,674 19,674
Gross Fixed Assets 3,077,541 3,077,541
Less: Accumulated Depreciation (3,040,668) (3,035,584)
Net Property and Equipment 36,873 41,957
TOTAL ASSETS 3,384,292 1,246,399
CURRENT LIABILITIES    
10% Senior Secured Convertible Notes 0 51,250
Accounts Payable 691,428 410,316
Customer Advances 3,500 6,387
Accrued Employee Compensation 193,732 171,205
Accrued Professional Services 70,567 62,000
Accrued Warranty Expense 25,000 25,000
Other Accrued Liabilities 0 912
Total Current Liabilities 984,227 727,070
STOCKHOLDERS' EQUITY (DEFICIT)    
Common Stock, $0.01 par value - Authorized - 50,000,000 shares; Issued and Outstanding - 4,029,134 shares at September 30, 2012 and 1,251,339 shares at June 30, 2012 40,291 12,513
Additional Paid-in Capital 41,220,267 39,009,215
Accumulated Deficit (38,860,493) (38,502,399)
Total Stockholders' Equity (Deficit) 2,400,065 519,329
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) $ 3,384,292 $ 1,246,399