XML 63 R54.htm IDEA: XBRL DOCUMENT v3.22.1
RESTATEMENT OF PREVIOUSLY ISSUED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - Balance sheet (Details) - USD ($)
Sep. 30, 2021
Jun. 30, 2021
Sep. 30, 2020
Jul. 01, 2020
Jun. 30, 2020
Current Assets:          
Cash and cash equivalents $ 11,030,000 $ 1,270,000      
Accounts receivable, net 898,000 454,000   $ 809,000  
Inventories, net 1,911,000 1,534,000      
Prepaid expenses and other 642,000 95,000      
Total Current Assets 14,481,000 3,353,000      
Long-Term Assets:          
Property, plant and equipment, net 8,000 21,000      
Intangibles, net 911,000 935,000      
Goodwill 287,000 287,000      
Other assets 16,000 1,133,000      
Total Long-Term Assets 1,222,000 2,376,000      
Total Assets 15,703,000 5,729,000      
Current Liabilities:          
Accounts payable 1,841,000 1,911,000      
Accrued expenses 402,000 620,000      
Customer deposits 2,709,000 1,339,000   $ 854,000  
Line of credit   590,000      
Notes payable - current 110,000 237,000      
Unearned warranty revenue 34,000 34,000      
Total Current Liabilities 5,096,000 4,731,000      
Long-Term Liabilities:          
Notes payable, net of current portion 588,000 1,702,000      
Deferred rent 25,000 25,000      
Total Long-Term Liabilities 613,000 1,727,000      
Total Liabilities 5,709,000 6,458,000      
Stockholders' Equity (Deficit)          
Common stock, $0.00001 par value, 100,000,000 shares authorized, 10,636,278 and 5,666,667 shares issued and outstanding at September 30, 2021 and June 30, 2021, respectively      
Additional paid-in capital 12,311,000 1,011,000      
Accumulated deficit (2,317,000) (1,740,000)      
Total Stockholders' Equity (Deficit) 9,994,000 (729,000) $ (454,000)   $ 101,000
Total Liabilities and Stockholders' Equity (Deficit) $ 15,703,000 $ 5,729,000      
Common stock par value $ 0.00001 $ 0.00001      
Common stock, Authorized 100,000,000 100,000,000      
Common stock, Issued 10,636,278 5,666,667      
Common stock, Outstanding 10,636,278 5,666,667      
Restatement Of Companys Financial Statements [Member]          
Current Assets:          
Cash and cash equivalents $ 11,030,000 $ 1,270,000      
Accounts receivable, net 898,000 454,000      
Inventories, net 1,911,000 1,534,000      
Prepaid expenses and other 642,000 95,000      
Total Current Assets 14,481,000 3,353,000      
Long-Term Assets:          
Property, plant and equipment, net 8,000 21,000      
Intangibles, net 911,000 935,000      
Goodwill 287,000 287,000      
Other assets 16,000 1,133,000      
Total Long-Term Assets 1,222,000 2,376,000      
Total Assets 15,703,000 5,729,000      
Current Liabilities:          
Accounts payable 1,841,000 1,911,000      
Accrued expenses 402,000 620,000      
Customer deposits 2,709,000 1,339,000      
Line of credit   590,000      
Notes payable - current 110,000 237,000      
Unearned warranty revenue 34,000 34,000      
Total Current Liabilities 5,096,000 4,731,000      
Long-Term Liabilities:          
Notes payable, net of current portion 588,000 1,702,000      
Deferred rent 25,000 25,000      
Total Long-Term Liabilities 613,000 1,727,000      
Total Liabilities 5,709,000 6,458,000      
Stockholders' Equity (Deficit)          
Additional paid-in capital 12,311,000 1,011,000      
Accumulated deficit (2,317,000) (1,740,000)      
Total Stockholders' Equity (Deficit) 9,994,000 (729,000) $ (454,000)    
Total Liabilities and Stockholders' Equity (Deficit) $ 15,703,000 $ 5,729,000      
Common stock par value $ 0.00001 $ 0.00001      
Common stock, Authorized 100,000,000 100,000,000      
Common stock, Issued 10,636,278 5,666,667      
Common stock, Outstanding 10,636,278 5,666,667      
As Previously Reported | Restatement Of Companys Financial Statements [Member]          
Current Assets:          
Cash and cash equivalents $ 11,029,000 $ 1,269,000      
Accounts receivable, net 898,000 454,000      
Inventories, net 1,911,000 1,534,000      
Prepaid expenses and other 642,000 86,000      
Total Current Assets 14,480,000 3,343,000      
Long-Term Assets:          
Property, plant and equipment, net 8,000 21,000      
Intangibles, net 911,000 935,000      
Goodwill 287,000 287,000      
Other assets 16,000 1,133,000      
Total Long-Term Assets 1,222,000 2,376,000      
Total Assets 15,702,000 5,719,000      
Current Liabilities:          
Accounts payable 1,841,000 1,911,000      
Accrued expenses 402,000 620,000      
Customer deposits 2,709,000 1,339,000      
Line of credit   590,000      
Notes payable - related party   1,272,000      
Notes payable - current 110,000 237,000      
Unearned warranty revenue 34,000 34,000      
Total Current Liabilities 5,096,000 6,003,000      
Long-Term Liabilities:          
Notes payable, net of current portion 588,000 1,702,000      
Deferred rent 25,000 25,000      
Total Long-Term Liabilities 613,000 1,727,000      
Total Liabilities 5,709,000 7,730,000      
Stockholders' Equity (Deficit)          
Additional paid-in capital 10,172,000        
Members' deficit   (2,011,000)      
Accumulated deficit (179,000)        
Total Stockholders' Equity (Deficit) 9,993,000 (2,011,000)     (969,000)
Total Liabilities and Stockholders' Equity (Deficit) 15,702,000 5,719,000      
Adjustment | Restatement Of Companys Financial Statements [Member]          
Current Assets:          
Cash and cash equivalents 1,000 1,000      
Prepaid expenses and other   9,000      
Total Current Assets 1,000 10,000      
Long-Term Assets:          
Total Assets 1,000 10,000      
Current Liabilities:          
Notes payable - related party   (1,272,000)      
Total Current Liabilities   (1,272,000)      
Long-Term Liabilities:          
Total Liabilities   (1,272,000)      
Stockholders' Equity (Deficit)          
Additional paid-in capital 2,139,000 1,011,000      
Members' deficit   2,011,000      
Accumulated deficit (2,138,000) (1,740,000)      
Total Stockholders' Equity (Deficit) 1,000 1,282,000     $ 969,000
Total Liabilities and Stockholders' Equity (Deficit) $ 1,000 $ 10,000