|
Condensed Consolidated Balance Sheets (USD $)
|
Jun. 30, 2012
|
Jun. 30, 2011
|
| Current assets: |
|
|
| Cash and cash equivalents |
$ 7,879,000 |
$ 12,309,000 |
| Accounts receivable, net of allowance for doubtful accounts of $30,000 ($36,000 at June 30, 2011) |
4,558,000 |
3,963,000 |
| Inventories |
6,290,000 |
6,348,000 |
| Prepaid expenses and other current assets |
338,000 |
420,000 |
| Total current assets |
19,065,000 |
23,040,000 |
| Equipment at cost less accumulated depreciation of $3,476,000 ($3,409,000 at June 30, 2011) |
1,652,000 |
1,310,000 |
| Intangible asset |
315,000 |
0 |
| Other assets |
48,000 |
49,000 |
| Total Assets |
21,080,000 |
24,399,000 |
| Current liabilities: |
|
|
| Accounts payable |
2,772,000 |
1,791,000 |
| Accrued payroll and related expenses |
607,000 |
384,000 |
| Deferred revenue |
424,000 |
235,000 |
| Other current liabilities |
1,228,000 |
1,654,000 |
| Total current liabilities |
5,031,000 |
4,064,000 |
| Deferred revenue |
55,000 |
242,000 |
| Other non-current liabilities |
96,000 |
0 |
| Commitments and contingencies (Footnote 6) |
|
|
| Stockholders' equity: |
|
|
| Preferred stock, $0.001 par value; 2,000,000 shares authorized, none issued and outstanding at June 30, 2012 and 2011 |
0 |
0 |
| Common stock, $0.001 par value; 80,000,000 shares authorized; 16,413,066 issued and outstanding (16,346,366 at June 30, 2011) |
16,000 |
16,000 |
| Paid in capital in excess of par |
126,987,000 |
126,196,000 |
| Accumulated deficit |
(111,105,000) |
(106,119,000) |
| Total stockholders' equity |
15,898,000 |
20,093,000 |
| Total liabilities and stockholders equity |
$ 21,080,000 |
$ 24,399,000 |