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 ($)
 9 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net loss $ (5,039,000) $ (3,377,000)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation 41,000 32,000
Change in fair value of warrant liability (14,000)
Stock-based compensation 209,000 30,000
Stock issuance for services 35,000 9,000
Amortization of deferred financing costs 44,000
Amortization of debt discount 19,000
Changes in operating assets and liabilities:    
Accounts receivable (892,000) (2,000)
Inventories 135,000 (748,000)
Other current assets 47,000 (7,000)
Accounts payable 261,000 148,000
Accrued expenses 3,000 (77,000)
Accrued interest 535,000 58,000
Customer deposits (14,000) (12,000)
Net cash used in operating activities (4,679,000) (3,897,000)
Cash flows from investing activities    
Purchases of equipment (59,000) (45,000)
Net cash used in investing activities (59,000) (45,000)
Cash flows from financing activities:    
Repayment of line of credit (215,000)
Proceeds from the sale of common stock 200,000 1,075,000
Borrowings from line of credit - related party debt 4,545,000 3,025,000
Net cash provided by financing activities 4,745,000 3,885,000
Net change in cash 7,000 (57,000)
Cash, beginning of period 121,000 127,000
Cash, end of period 128,000 70,000
Supplemental Disclosures of Non-Cash Investing and Financing Activities:    
Conversion of debt to equity 400,000
Fair value of warrants exchanged for common stock 10,000
Stock issuance for services $ 35,000