Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Current Period Unaudited)

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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2018
Jun. 30, 2018
Current assets:    
Cash $ 504,000 $ 2,706,000
Accounts receivable 551,000 946,000
Inventories 2,569,000 1,512,000
Other current assets 77,000 92,000
Total current assets 3,701,000 5,256,000
Other assets 26,000 26,000
Property, plant and equipment, net 120,000 87,000
Total assets 3,847,000 5,369,000
Current liabilities:    
Accounts payable 730,000 417,000
Accrued expenses 371,000 391,000
Line of credit - related party 10,380,000 10,380,000
Convertible promissory note - related party 500,000 500,000
Accrued interest 1,288,000 1,014,000
Total current liabilities 13,269,000 12,702,000
Long term liabilities:    
Customer deposits from related party 98,000 102,000
Total liabilities 13,367,000 12,804,000
Stockholders' deficit:    
Preferred stock, $0.001 par value; 5,000,000 shares authorized; none issued and outstanding 0 0
Common stock, $0.001 par value; 300,000,000 shares authorized; 31,110,783 and 31,060,028 shares issued and outstanding at September 30, 2018 and June 30, 2018, respectively 31,000 31,000
Additional paid-in capital 19,512,000 19,196,000
Accumulated deficit (29,063,000) (26,662,000)
Total stockholders' deficit (9,520,000) (7,435,000)
Total liabilities and stockholders' deficit $ 3,847,000 $ 5,369,000