Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
 3 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operating activities:    
Net loss $ (746,000) $ (9,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 12,000 10,000
Amortization of prepaid advisory fees 411,000 407,000
Change in fair value of warrant liability (81,000) (1,388,000)
Stock-based compensation 23,000 45,000
Stock issuance for services 20,000 0
Gain on settlement of accrued liability (42,000) 0
Changes in operating assets and liabilities:    
Accounts receivable 5,000 12,000
Inventories (3,000) (67,000)
Other current assets 57,000 (2,000)
Accounts payable 12,000 (121,000)
Accrued expenses (66,000) (112,000)
Accrued interest 52,000 18,000
Customer deposits 14,000 (2,000)
Customer deposits from related party (2,000) (20,000)
Deferred revenue 0 (2,000)
Net cash used in operating activities (334,000) (1,231,000)
Cash flows from investing activities:    
Purchases of equipment 0 (27,000)
Net cash used in investing activities 0 (27,000)
Cash flows from financing activities:    
Proceeds from the sale of common stock and warrants, net of offering costs paid 0 903,000
Proceeds from stockholders note payable and line of credit 363,000 0
Net cash provided by financing activities 363,000 903,000
Net increase (decrease) in cash 29,000 (355,000)
Cash, beginning of period 20,000 812,000
Cash, end of period 49,000 457,000
Supplemental disclosures of Non-cash Investing and Financing Activities::    
Issuance of warrants classified as derivative liabilities 0 856,000
Cash paid during the year for:    
Income taxes $ 0 $ 2,000