Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2015
Jun. 30, 2015
Current assets:    
Cash $ 63,000 $ 53,000
Accounts receivable 75,000 69,000
Inventories 330,000 181,000
Deferred financing cost 310,000 0
Other current assets 29,000 56,000
Total current assets 807,000 359,000
Other assets 25,000 25,000
Property, plant and equipment, net 52,000 66,000
Total assets 884,000 450,000
Current liabilities:    
Accounts payable 734,000 593,000
Accrued expenses 235,000 182,000
Customer deposits from related party 136,000 136,000
Warrant derivative liability 23,000 23,000
Line of credit - related party 1,575,000 1,600,000
Line of credit, net of discount 153,000 110,000
Total current liabilities 2,856,000 2,644,000
Long term liabilities:    
Total liabilities $ 2,856,000 $ 2,644,000
Commitments and contingencies (Note 11)
Stockholders' deficit:    
Preferred stock, $0.001 par value; 5,000,000 shares authorized; none issued and outstanding $ 0 $ 0
Common stock, $0.001 par value; 300,000,000 shares authorized; 150,860,137 and 99,464,000 shares issued and outstanding at December 31, 2015 and June 30, 2015, respectively 151,000 99,000
Additional paid-in capital 10,792,000 8,398,000
Accumulated deficit (12,915,000) (10,691,000)
Total stockholders’ deficit (1,972,000) (2,194,000)
Total liabilities and stockholders’ deficit $ 884,000 $ 450,000