|
Consolidated Balance Sheets (USD $)
|
Sep. 30, 2012
|
Jun. 30, 2012
|
| Current assets: |
|
|
| Cash and cash equivalents |
$ 1,197,453 |
$ 1,248,537 |
| Accounts receivable, less allowance for doubtful accounts of $30,000 as of September 30, 2012 and June 30, 2012 |
1,376,404 |
958,897 |
| Accounts receivable from affiliates (note 12) |
405,148 |
438,041 |
| Other receivables |
60,418 |
17,637 |
| Inventories |
2,220,372 |
2,118,669 |
| Prepaid expenses |
35,417 |
15,341 |
| Total current assets |
5,295,212 |
4,797,122 |
| Equipment |
|
|
| Capitalized software costs |
357,832 |
357,832 |
| Machinery and laboratory equipment |
1,599,952 |
1,585,687 |
| Furniture, fixtures, leaseholds & office equipment |
1,743,088 |
1,743,088 |
| Gross equipment |
3,700,872 |
3,686,607 |
| Accumulated depreciation and amortization |
(2,647,600) |
(2,580,489) |
| Net equipment |
1,053,272 |
1,106,118 |
| Intangible assets: |
|
|
| Licenses, net of amortization of $144,903 and $137,688 |
281,361 |
288,576 |
| Other assets: |
|
|
| Due from officer |
12,000 |
12,000 |
| Other assets |
93,113 |
59,161 |
| Total assets |
6,734,958 |
6,262,977 |
| Current liabilities: |
|
|
| Current portion of notes payable, net of discount (Note 11) |
31,734 |
38,585 |
| Current portion of capital lease obligations |
110,183 |
108,593 |
| Revolving line of credit (Note 6) |
0 |
|
| Accounts payable |
797,271 |
576,694 |
| Accrued payroll and related liabilities |
224,946 |
281,642 |
| Accrued liabilities-other |
137,189 |
146,970 |
| Total current liabilities |
1,301,323 |
1,152,484 |
| Notes payable, net of discount, less current portion (Note 11) |
14,049 |
22,240 |
| Capital lease obligations, less current portion |
74,232 |
102,020 |
| Deferred facility lease payable, excluding current portion (Note 2) |
351,504 |
348,104 |
| Total liabilities |
1,741,108 |
1,624,848 |
| Stockholders equity (Note 9): |
|
|
| Common stock, $0.001 par value. Authorized 200,000,000 shares; Issued and outstanding 48,184,159 and 47,213,534 at September 30, 2012 and June 30, 2012 respectively |
48,183 |
47,186 |
| Additional paid-in capital |
21,343,230 |
21,183,746 |
| Accumulated deficit |
(16,409,301) |
(16,604,541) |
| Total stockholders' equity |
4,982,112 |
4,626,391 |
| Total liabilities and stockholders' equity |
6,734,958 |
6,262,977 |
|
Preferred
|
|
|
| Temperary equity: |
|
|
| Redeemable preferred stock, $0.001par value. 36,680 shares issued and outstanding, aggregate redemption value of $9,170 |
$ 11,738 |
$ 11,738 |