Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Current Period Unaudited)

v3.5.0.2
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2016
Jun. 30, 2016
Current assets:    
Cash $ 88,000 $ 127,000
Accounts receivable 125,000 82,000
Inventories 270,000 202,000
Deferred financing costs 44,000
Other current assets 20,000 42,000
Total current assets 503,000 497,000
Other assets 16,000 16,000
Property, plant and equipment, net 38,000 46,000
Total assets 557,000 559,000
Current liabilities:    
Accounts payable 491,000 526,000
Accrued expenses 330,000 335,000
Warrant derivative liability 6,000 24,000
Line of credit, net of discount 215,000 196,000
Total current liabilities 1,042,000 1,081,000
Long term liabilities:    
Customer deposits from related party 136,000 136,000
Line of credit - related party 920,000 1,200,000
Total liabilities 2,098,000 2,417,000
Commitments and contingencies (Note 11)
Stockholders’ deficit:    
Preferred stock, $0.001 par value; 5,000,000 shares authorized; none issued and outstanding
Common stock, $0.001 par value; 300,000,000 shares authorized; 249,931,478 and 209,375,137 shares issued and outstanding at September 30, 2016 and June 30, 2016, respectively 250,000 209,000
Additional paid-in capital 14,650,000 13,195,000
Accumulated deficit (16,441,000) (15,262,000)
Total stockholders’ deficit (1,541,000) (1,858,000)
Total liabilities and stockholders’ deficit $ 557,000 $ 559,000