v3.3.0.814
Balance Sheets - USD ($)
Sep. 30, 2015
Jun. 30, 2015
CURRENT ASSETS    
Cash $ 120,245 $ 455,717
Accounts receivable - net 494,658 314,054
Accounts receivable - related party - net 11,828 6,312
Inventory - net 669,715 661,129
Prepaid and other current assets 63,951 27,860
Total Current Assets 1,360,397 1,465,072
PROPERTY AND EQUIPMENT    
Leasehold improvements 153,543 153,543
Molds and models 572,894 572,894
Equipment 2,957,259 2,937,922
Furniture and fixtures 74,921 74,921
Software 305,924 305,924
Less - accumulated depreciation (3,768,420) (3,735,744)
Total Property and Equipment 296,121 309,460
OTHER ASSETS    
Patents and trademarks - net 195,878 202,710
Non-current inventory 183,067 186,560
Deposits 11,000 11,000
Total Other Assets 389,945 400,270
TOTAL ASSETS 2,046,463 2,174,802
CURRENT LIABILITIES    
Accounts payable and accrued expenses 436,051 438,680
Current portion of long-term debt 13,048 13,608
Current portion of lease liability 5,361 0
Total Current Liabilities 454,460 452,288
LONG-TERM LIABILITIES    
Long-term debt 53,840 53,840
Long-term lease liability 13,198 0
Total Long Term Liability 67,038 53,840
Total Liabilities 521,498 506,128
STOCKHOLDERS' EQUITY    
Preferred stock: 5,000,000 shares authorized of $0.001 par value, 2,000,000 shares issued and outstanding, respectively 2,000 2,000
Common Stock: 75,000,000 shares authorized of $0.001 par value, 41,650,287 shares issued and outstanding, respectively 41,650 41,570
Additional paid-in capital 62,522,045 62,515,856
Stock payable 4,500 0
Accumulated deficit (61,045,230) (60,890,752)
Total Stockholders' Equity 1,524,965 1,668,674
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2,046,463 $ 2,174,802