v3.22.2.2
CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2022
Jun. 30, 2021
Current Assets:    
Cash $ 2,340,000 $ 1,270,000
Marketable securities - current 4,363,000  
Accounts receivable, net 1,762,000 454,000
Inventories, net 4,033,000 1,534,000
Prepaid expenses and other 864,000 95,000
Total Current Assets 13,362,000 3,353,000
Long-Term Assets:    
Marketable securities - long-term 325,000  
Property, plant and equipment, net 22,000 21,000
Intangibles, net 839,000 935,000
Goodwill 287,000 287,000
Other assets 16,000 1,133,000
Total Long-Term Assets 1,489,000 2,376,000
Total Assets 14,851,000 5,729,000
Current Liabilities:    
Accounts payable 1,583,000 1,911,000
Accrued expenses 655,000 620,000
Customer deposits 3,158,000 1,339,000
Line of credit 0 590,000
Notes payable - current   237,000
Unearned warranty revenue 18,000 34,000
Total Current Liabilities 5,414,000 4,731,000
Long-Term Liabilities:    
Notes payable, net of current portion   1,702,000
Deferred rent 22,000 25,000
Total Long-Term Liabilities 22,000 1,727,000
Total Liabilities 5,436,000 6,458,000
Stockholders' Equity (Deficit)    
Common stock, $0.00001 par value, 100,000,000 shares authorized, 10,828,398 and 5,666,667 shares issued and outstanding at June 30, 2022 and 2021, respectively
Additional paid-in capital 12,500,000 1,011,000
Accumulated deficit (3,085,000) (1,740,000)
Total Stockholders' Equity (Deficit) 9,415,000 (729,000)
Total Liabilities and Stockholders' Equity (Deficit) $ 14,851,000 $ 5,729,000