Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations - USD ($)
12 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Income Statement [Abstract]    
Net revenue $ 4,118,000 $ 902,000
Cost of sales 4,913,000 1,622,000
Gross loss (795,000) (720,000)
Operating expenses:    
Selling and administrative expenses 3,462,000 2,404,000
Research and development 1,956,000 1,052,000
Total operating expenses 5,418,000 3,456,000
Operating loss (6,213,000) (4,176,000)
Other income (expense):    
Change in fair value of derivative liabilities 0 14,000
Interest expense (752,000) (273,000)
Net loss $ (6,965,000) $ (4,435,000)
Net loss per share - basic and diluted (in dollars per share) $ (0.27) $ (0.18)
Weighted average number of common shares outstanding - basic and diluted (in shares) 25,394,262 24,544,605