Consolidated Balance Sheets - USD ($)
|
Jun. 30, 2016 |
Jun. 30, 2015 |
| Current assets: |
|
|
| Cash and cash equivalents |
$ 5,835,000
|
$ 3,357,000
|
| Accounts receivable, net of allowance for doubtful accounts of $49 ($46 at June 30, 2015) |
3,169,000
|
5,133,000
|
| Inventories, net of reserves of $1,437 ($874 at June 30, 2015) |
3,593,000
|
4,598,000
|
| Prepaid expenses and other current assets |
246,000
|
163,000
|
| Total current assets |
12,843,000
|
13,251,000
|
| Equipment at cost less accumulated depreciation |
2,962,000
|
2,937,000
|
| Goodwill |
13,195,000
|
13,195,000
|
| Intangible assets, net |
20,821,000
|
21,295,000
|
| Other assets |
78,000
|
79,000
|
| Total assets |
49,899,000
|
50,757,000
|
| Current liabilities: |
|
|
| Accounts payable |
2,648,000
|
5,079,000
|
| Accrued payroll and related expenses |
449,000
|
705,000
|
| Deferred revenue |
783,000
|
635,000
|
| Other current liabilities |
1,662,000
|
1,527,000
|
| Total current liabilities |
5,542,000
|
7,946,000
|
| Noncurrent deferred tax liability |
7,641,000
|
7,641,000
|
| Derivative obligations |
670,000
|
0
|
| Convertible debentures, net |
2,489,000
|
|
| Other noncurrent liabilities |
1,284,000
|
268,000
|
| Total liabilities |
17,626,000
|
15,855,000
|
| Commitments and contingencies |
|
|
| Stockholders’ equity: |
|
|
| Preferred stock, $0.001 par value; 2,000,000 shares authorized, none issued and outstanding at June 30, 2016 and 2015 |
|
|
| Common stock, $0.001 par value; 350,000,000 shares authorized; 3,010,687 issued and outstanding (2,027,386 at June 30, 2015) |
3,000
|
2,000
|
| Paid in capital in excess of par |
188,569,000
|
172,579,000
|
| Accumulated deficit |
(156,262,000)
|
(137,674,000)
|
| Accumulated other comprehensive loss |
(37,000)
|
(5,000)
|
| Total stockholders’ equity |
32,273,000
|
34,902,000
|
| Total liabilities and stockholders’ equity |
$ 49,899,000
|
$ 50,757,000
|