Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.5.0.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net loss $ (1,179,000) $ (1,008,000)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation 16,000 8,000
Change in fair value of warrant liability (11,000)
Stock-based compensation 10,000 30,000
Stock issuance for services 3,000 3,000
Amortization of Debt Issuance Costs 44,000
Amortization of Debt Discount (Premium) 19,000 22,000
Changes in operating assets and liabilities:    
Accounts receivable (43,000) (21,000)
Inventories (68,000) 2,000
Other current assets 22,000 (46,000)
Accounts payable (34,000) 32,000
Accrued expenses (5,000) 22,000
Net cash used in operating activities (1,226,000) (956,000)
Cash flows from investing activities    
Purchases of equipment (8,000)
Net cash used in investing activities (8,000)
Cash flows from financing activities:    
Proceeds from the sale of common stock 1,075,000
Proceeds from line of credit - related party and line of credit 120,000 975,000
Net cash provided by financing activities 1,195,000 975,000
Net change in cash (39,000) 19,000
Cash, beginning of period 127,000 53,000
Cash, end of period 88,000 72,000
Supplemental Disclosures of Non-Cash Investing and Financing Activities:    
Conversion of related party debt to equity 400,000 2,047,000
Fair value of warrants exchanged for common stock $ 7,000