Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2013
Jun. 30, 2013
Current assets:    
Cash $ 4,000 $ 20,000
Accounts receivable, net 6,000 13,000
Inventories, net 147,000 160,000
Prepaid advisory fees, current portion 756,000 1,616,000
Other current assets 53,000 35,000
Total current assets 966,000 1,844,000
Property, plant and equipment, net 99,000 132,000
Total assets 1,065,000 1,976,000
Current liabilities:    
Accounts payable 362,000 370,000
Accrued expenses 156,000 211,000
Accrued interest 236,000 135,000
Customer deposits 22,000 5,000
Customer deposits from related party 135,000 138,000
Warrant derivative liability 60,000 143,000
Stockholder notes payable and line of credit, current portion 0 1,250,000
Total current liabilities 971,000 2,252,000
Long term liabilities:    
Stockholder notes payable and line of credit, net of current portion 3,136,000 1,218,000
Total liabilities 4,107,000 3,470,000
Commitments and contingencies (Note 5)      
STOCKHOLDERS' DEFICIT    
Preferred stock, $0.001 par value: authorized 5,000,000 shares, none issued and outstanding 0 0
Common stock, $0.001 par value: authorized 145,000,000 shares, 48,135,576 and 47,355,576 shares issued and outstanding as of December 31, 2013 and June 30, 2013, respectively 48,000 47,000
Additional paid-in capital 2,549,000 2,436,000
Accumulated deficit (5,639,000) (3,977,000)
Total stockholders 'deficit (3,042,000) (1,494,000)
Total liabilities and stockholders' deficit $ 1,065,000 $ 1,976,000