Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Current Period Unaudited)

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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2017
Jun. 30, 2016
Current assets:    
Cash $ 70,000 $ 127,000
Accounts receivable 84,000 82,000
Inventories 950,000 202,000
Deferred financing costs 44,000
Other current assets 49,000 42,000
Total current assets 1,153,000 497,000
Other assets 16,000 16,000
Property, plant and equipment, net 59,000 46,000
Total assets 1,228,000 559,000
Current liabilities:    
Accounts payable 673,000 526,000
Accrued expenses 316,000 335,000
Warrant derivative liability 24,000
Line of credit - related party 3,325,000 1,200,000
Line of credit, net of discount 196,000
Total current liabilities 4,314,000 2,281,000
Long term liabilities:    
Customer deposits from related party 124,000 136,000
Long-term Line of Credit, Noncurrent 500,000
Total liabilities 4,938,000 2,417,000
Commitments and contingencies (Note 12)
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; 250,609,087 and 209,375,137 shares issued and outstanding at March 31, 2017 and June 30, 2016, respectively 251,000 209,000
Additional paid-in capital 14,678,000 13,195,000
Accumulated deficit (18,639,000) (15,262,000)
Total stockholders’ deficit (3,710,000) (1,858,000)
Total liabilities and stockholders’ deficit $ 1,228,000 $ 559,000