Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIT

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CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIT (USD $)
Total
Common Stock [Member]
Additional Paid-in Capital [Member]
Accumulated Deficit [Member]
Beginning Balance at Jun. 30, 2012 $ (2,144,000) $ 44,000 $ 2,140,000 $ (4,328,000)
Beginning Balance (in shares) at Jun. 30, 2012   44,071,000    
Issuance of common stock - services and director fees (134,000) 0 134,000 0
Issuance of common stock - services and director fees (in shares)   200,000    
Issuance of common stock - option exercises 22,000 1,000 21,000 0
Issuance of common stock - option exercises (in shares)   550,000    
Issuance of common stock - private placement transactions, net 980,000 2,000 978,000 0
Issuance of common stock - private placement transactions, net (in shares)   2,535,000    
Reclassification of warrants as a derivative liability (931,000) 0 (931,000) 0
Stock-based compensation 94,000 0 94,000 0
Net Income (loss) 351,000 0 0 351,000
Ending Balance at Jun. 30, 2013 (1,494,000) 47,000 2,436,000 (3,977,000)
Ending Balance (in shares) at Jun. 30, 2013   47,356,000    
Issuance of common stock - services and director fees (152,000) 1,000 151,000 0
Issuance of common stock - services and director fees (in shares)   1,160,000    
Issuance of common stock - option exercises 0 0 0 0
Issuance of common stock - option exercises (in shares) 295,470 258,000    
Issuance of common stock - private placement transactions, net 1,178,000 24,000 1,154,000 0
Issuance of common stock - private placement transactions, net (in shares)   23,233,000    
Issuance of common stock - conversion of related party debt to equity 3,440,000 21,000 3,419,000 0
Issuance of common stock - conversion of related party debt to equity (in shares)   21,267,000    
Stock-based compensation 239,000 0 239,000 0
Net Income (loss) (4,299,000) 0 0 (4,299,000)
Ending Balance at Jun. 30, 2014 $ (784,000) $ 93,000 $ 7,399,000 $ (8,276,000)
Ending Balance (in shares) at Jun. 30, 2014   93,274,000