Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2015
Jun. 30, 2015
Current assets:    
Cash $ 72,000 $ 53,000
Accounts receivable 90,000 69,000
Inventories 179,000 181,000
Other current assets 105,000 56,000
Total current assets 446,000 359,000
Other assets 25,000 25,000
Property, plant and equipment, net 58,000 66,000
Total assets 529,000 450,000
Current liabilities:    
Accounts payable 485,000 453,000
Accrued expenses 295,000 322,000
Customer deposits from related party 136,000 136,000
Warrant derivative liability 23,000 23,000
Line of credit - related party 575,000 1,600,000
Total current liabilities 1,514,000 2,534,000
Long term liabilities:    
Line of credit, net of discount 132,000 110,000
Total liabilities $ 1,646,000 $ 2,644,000
Commitments and contingencies (Note 11)
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 300,000,000, 150,785,000 and 99,464,000 shares issued and outstanding as of September 30, 2015 and June 30, 2015, respectively 151,000 99,000
Additional paid-in capital 10,431,000 8,398,000
Accumulated deficit (11,699,000) (10,691,000)
Total stockholders’ deficit (1,117,000) (2,194,000)
Total liabilities and stockholders’ deficit $ 529,000 $ 450,000