Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.19.2
Consolidated Statements of Operations - USD ($)
12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Income Statement [Abstract]    
Net revenue $ 9,317,000 $ 4,118,000
Cost of sales 8,768,000 4,913,000
Gross profit (loss) 549,000 (795,000)
Operating expenses:    
Selling and administrative expenses 7,712,000 3,462,000
Research and development 4,088,000 1,956,000
Total operating expenses 11,800,000 5,418,000
Operating loss (11,251,000) (6,213,000)
Other income (expense):    
Other income 84,000 0
Interest expense (1,247,000) (752,000)
Net loss $ (12,414,000) $ (6,965,000)
Net loss per share - basic and diluted $ (2.84) $ (2.74)
Weighted average number of common shares outstanding - basic and diluted 4,364,271 2,539,427