Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v2.4.0.8
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2014
Jun. 30, 2014
Current assets:    
Cash $ 58,000 $ 116,000
Accounts receivable, net 37,000 140,000
Inventories, net 102,000 85,000
Other current assets 39,000 18,000
Total current assets 236,000 359,000
Other assets 27,000 25,000
Property, plant and equipment, net 74,000 78,000
Total assets 337,000 462,000
Current liabilities:    
Accounts payable 443,000 320,000
Accrued expenses 222,000 219,000
Customer deposits from related party 136,000 136,000
Warrant derivative liability 133,000 571,000
Total current liabilities 934,000 1,246,000
Long term liabilities:    
Related party note payable 25,000 0
Line of credit, net of discount 20,000 0
Total liabilities 979,000 1,246,000
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, 94,857,444 and 93,274,113 shares issued and outstanding as of September 30, 2014 and June 30, 2014, respectively 95,000 93,000
Additional paid-in capital 7,736,000 7,399,000
Accumulated deficit (8,473,000) (8,276,000)
Total stockholders' deficit (642,000) (784,000)
Total liabilities and stockholders' deficit $ 337,000 $ 462,000