v3.22.1
Balance Sheets - USD ($)
Mar. 31, 2022
Jun. 30, 2021
CURRENT ASSETS    
Cash $ 567,190 $ 516,192
Accounts receivable 307,977 728,315
Current inventory - net 1,146,240 659,333
Prepaid and other current assets 120,063 94,483
Total Current Assets 2,141,470 1,998,323
RIGHT TO USE LEASE ASSETS, OPERATING, NET 425,735 544,070
PROPERTY AND EQUIPMENT    
Molds and models 583,611 583,611
Equipment 3,093,030 2,910,018
Furniture and fixtures 73,423 73,423
Software 233,528 233,528
Less - accumulated depreciation (3,730,208) (3,690,515)
Property and Equipment - net 253,384 110,065
OTHER ASSETS    
Patents and trademarks - net 62,043 75,977
Non-current inventory 189,171 163,289
Deposits 11,000 11,000
Total Other Assets 262,214 250,266
TOTAL ASSETS 3,082,803 2,902,724
CURRENT LIABILITIES    
Accounts payable and accrued expenses 590,892 767,193
Current portion of long-term debt 2,000 2,000
Current portion of lease liability 148,950 147,600
Deferred revenue 42,695 25,892
Total Current Liabilities 784,537 942,685
Long-term debt 60,878 61,326
Long-term lease liability 188,550 300,600
TOTAL LIABILITIES 1,033,965 1,304,611
STOCKHOLDERS’ EQUITY    
Common Stock: 100,000,000 shares authorized of $0.001 par value, 74,667,868 and 73,047,868 shares issued and outstanding, respectively 74,668 73,048
Additional paid-in capital 62,866,097 62,805,404
Stock payable 25,791 0
Accumulated deficit (60,917,718) (61,280,339)
Total Stockholders’ Equity 2,048,838 1,598,113
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 3,082,803 $ 2,902,724