Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.19.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]    
Net revenue $ 1,919,000 $ 1,835,000
Cost of sales 1,802,000 1,817,000
Gross profit 117,000 18,000
Operating expenses:    
Selling and administrative expenses 2,206,000 1,483,000
Research and development 1,397,000 662,000
Total operating expenses 3,603,000 2,145,000
Operating loss (3,486,000) (2,127,000)
Other income (expense):    
Interest expense (328,000) (274,000)
Net loss $ (3,814,000) $ (2,401,000)
Net loss per share - basic and diluted $ (0.75) $ (0.77)
Weighted average number of common shares outstanding - basic and diluted 5,103,342 3,106,841