Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.8.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net loss $ (1,446,000) $ (1,179,000)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation 12,000 16,000
Change in fair value of warrant liability (11,000)
Stock-based compensation 11,000 10,000
Stock issuance for services 12,000 3,000
Amortization of deferred financing costs 44,000
Amortization of debt discount 19,000
Changes in operating assets and liabilities:    
Accounts receivable 6,000 (43,000)
Inventories (190,000) (68,000)
Other current assets 45,000 22,000
Accounts payable (94,000) (34,000)
Accrued expenses (58,000) (25,000)
Accrued interest 158,000 20,000
Customer deposits (5,000)
Net cash used in operating activities (1,549,000) (1,226,000)
Cash flows from investing activities    
Purchases of equipment (27,000) (8,000)
Net cash used in investing activities (27,000) (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
Borrowings from line of credit - related party debt 1,495,000
Net cash provided by financing activities 1,495,000 1,195,000
Net change in cash (81,000) (39,000)
Cash, beginning of period 121,000 127,000
Cash, end of period 40,000 88,000
Supplemental Disclosures of Non-Cash Investing and Financing Activities:    
Conversion of debt to equity 400,000
Fair value of warrants exchanged for common stock 7,000
Stock issuance for services $ 12,000