|
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
|
Mar. 31, 2013
|
Jun. 30, 2012
|
Jun. 30, 2011
|
| Current assets |
|
|
|
| Cash and cash equivalents |
$ 530,000 |
$ 84,194 |
$ 1,956,976 |
| Accounts receivable trade, net |
49,329 |
55,160 |
103,824 |
| Inventories |
669,331 |
546,118 |
393,434 |
| Prepaid consulting |
|
|
42,500 |
| Prepaid expenses and other current assets |
48,966 |
45,785 |
29,784 |
| Total current assets |
1,297,626 |
731,257 |
2,526,518 |
| Furniture, fixtures and equipment, net |
153,926 |
188,779 |
209,822 |
| Deposits |
26,886 |
15,631 |
15,631 |
| Total assets |
1,478,438 |
935,667 |
2,751,971 |
| Current liabilities |
|
|
|
| Accounts payable |
437,352 |
234,375 |
270,864 |
| Accrued expenses |
66,060 |
72,637 |
168,445 |
| Litigation accrual |
505,000 |
1,646,000 |
|
| Accrual for severance agreement |
144,286 |
|
|
| Notes payable - related parties |
161 |
84,380 |
|
| Convertible notes - related parties, net of discount |
70,735 |
283,230 |
|
| Convertible notes - third parties, net of discount |
174,343 |
74,214 |
|
| Insurance premium finance contract |
21,969 |
9,250 |
10,227 |
| Total current liabilities |
1,419,906 |
2,404,086 |
449,536 |
| Convertible note - related party |
1,889,560 |
1,497,483 |
1,497,483 |
| Total liabilities |
3,309,466 |
3,901,569 |
1,947,019 |
| Commitments and contingencies |
|
|
|
| Stockholders' equity (deficit) |
|
|
|
| Preferred stock |
|
|
|
| Common stock |
32,412 |
24,914 |
22,105 |
| Additional paid in capital |
24,997,632 |
19,809,070 |
16,452,674 |
| Accumulated deficit |
(26,861,072) |
(22,799,886) |
(15,669,827) |
| Total stockholders' equity (deficit) |
(1,831,028) |
(2,965,902) |
804,952 |
| Total liabilities and stockholders' equity (deficit) |
$ 1,478,438 |
$ 935,667 |
$ 2,751,971 |