Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Current Period Unaudited)

v3.6.0.2
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Dec. 31, 2016
Jun. 30, 2016
Current assets:    
Cash $ 72,000 $ 127,000
Accounts receivable 119,000 82,000
Inventories 513,000 202,000
Deferred financing costs 44,000
Other current assets 25,000 42,000
Total current assets 729,000 497,000
Other assets 16,000 16,000
Property, plant and equipment, net 45,000 46,000
Total assets 790,000 559,000
Current liabilities:    
Accounts payable 649,000 526,000
Accrued expenses 251,000 335,000
Warrant derivative liability 3,000 24,000
Line of credit, net of discount 196,000
Total current liabilities 903,000 1,081,000
Long term liabilities:    
Customer deposits from related party 128,000 136,000
Line of credit - related party 2,325,000 1,200,000
Total liabilities 3,356,000 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 0 0
Common stock, $0.001 par value; 300,000,000 shares authorized; 249,931,478 and 209,375,137 shares issued and outstanding at December 31, 2016 and June 30, 2016, respectively 250,000 209,000
Additional paid-in capital 14,660,000 13,195,000
Accumulated deficit (17,476,000) (15,262,000)
Total stockholders’ deficit (2,566,000) (1,858,000)
Total liabilities and stockholders’ deficit $ 790,000 $ 559,000