Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

v3.6.0.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:    
Net loss $ (2,214,000) $ (2,224,000)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation 25,000 14,000
Change in fair value of warrant liability (13,000)
Stock-based compensation 20,000 78,000
Stock issuance for services 3,000 11,000
Amortization of prepaid advisory fees 12,000
Amortization of deferred financing costs 44,000
Amortization of debt discount 19,000 43,000
Changes in operating assets and liabilities:    
Accounts receivable (37,000) (6,000)
Inventories (311,000) (149,000)
Other current assets 17,000 15,000
Accounts payable 124,000 141,000
Accrued expenses (85,000) 100,000
Customer deposits (8,000)
Net cash used in operating activities (2,416,000) (1,965,000)
Cash flows from investing activities    
Purchases of equipment (24,000)
Net cash used in investing activities (24,000)
Cash flows from financing activities:    
Repayment of line of credit (215,000)
Proceeds from the sale of common stock 1,075,000
Proceeds from line of credit - related party and line of credit 1,525,000 1,975,000
Net cash provided by financing activities 2,385,000 1,975,000
Net change in cash (55,000) 10,000
Cash, beginning of period 127,000 53,000
Cash, end of period 72,000 63,000
Supplemental Disclosures of Non-Cash Investing and Financing Activities:    
Conversion of debt to equity 400,000 2,047,000
Deferred financing cost related to the line of credit - related party 310,000
Fair value of warrants exchanged for common stock $ 7,000