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 ($)
Dec. 31, 2018
Jun. 30, 2018
Current assets:    
Cash $ 1,044,000 $ 2,706,000
Accounts receivable 2,035,000 946,000
Inventories 2,848,000 1,512,000
Other current assets 56,000 92,000
Total current assets 5,983,000 5,256,000
Other assets 26,000 26,000
Property, plant and equipment, net 157,000 87,000
Total assets 6,166,000 5,369,000
Current liabilities:    
Accounts payable 1,104,000 417,000
Accrued expenses 595,000 391,000
Deferred revenue 40,000 0
Line of credit - related party 2,405,000 10,380,000
Convertible promissory note - related party 0 500,000
Accrued interest 294,000 1,014,000
Total current liabilities 4,438,000 12,702,000
Long term liabilities:    
Customer deposits from related party 93,000 102,000
Total liabilities 4,531,000 12,804,000
Commitments and contingencies (Note 8)
Stockholders' equity (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; 50,329,436 and 31,061,028 shares issued and outstanding at December 31, 2018 and June 30, 2018, respectively 50,000 31,000
Additional paid-in capital 33,572,000 19,196,000
Accumulated deficit (31,987,000) (26,662,000)
Total stockholders' equity (deficit) 1,635,000 (7,435,000)
Total liabilities and stockholders' equity (deficit) $ 6,166,000 $ 5,369,000