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 ($)
Sep. 30, 2017
Jun. 30, 2017
Current assets:    
Cash $ 40,000 $ 121,000
Accounts receivable 74,000 80,000
Inventories 1,756,000 1,566,000
Other current assets 6,000 69,000
Total current assets 1,876,000 1,836,000
Other assets 44,000 26,000
Property, plant and equipment, net 74,000 59,000
Total assets 1,994,000 1,921,000
Current liabilities:    
Accounts payable 273,000 367,000
Accrued expenses 201,000 259,000
Accrued interest 397,000 239,000
Total current liabilities 871,000 865,000
Long term liabilities:    
Line of credit - related party 6,680,000 5,185,000
Convertible promissory note - related party 500,000 500,000
Customer deposits from related party 115,000 120,000
Total liabilities 8,166,000 6,670,000
Commitments and contingencies (Note 8)
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; 25,108,868 and 25,085,526 shares issued and outstanding at September 30, 2017 and June 30, 2017, respectively 25,000 25,000
Additional paid-in capital 14,946,000 14,923,000
Accumulated deficit (21,143,000) (19,697,000)
Total stockholders’ deficit (6,172,000) (4,749,000)
Total liabilities and stockholders’ deficit $ 1,994,000 $ 1,921,000