v3.26.1
Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Jun. 30, 2025
Current assets:    
Cash $ 305,000 $ 1,334,000
Accounts receivable, net of allowance for credit losses of $70,000 and $68,000 at June 30, 2026 and 2025, respectively 4,862,000 11,374,000
Inventories, net 14,752,000 17,231,000
Other current assets 781,000 1,865,000
Total current assets 20,700,000 31,804,000
Right of use assets, net 2,167,000 1,275,000
Fixed assets, net of accumulated depreciation of $2,034,000 and $1,700,000 at June 30, 2026 and 2025, respectively 476,000 708,000
Intangible assets, net of accumulated amortization of $2,459,000 and $1,969,000 at June 30, 2026 and 2025, respectively 763,000 846,000
Other assets 92,000 119,000
Total assets 24,198,000 34,752,000
Current liabilities:    
Accounts payable 8,473,000 16,295,000
Accrued expenses 4,124,000 7,058,000
Line of credit 6,303,000 13,627,000
Subordinated debt 1,000,000
Deferred revenue 144,000 459,000
Customer deposits 31,000 38,000
Finance leases payable, current portion 52,000 80,000
Office leases payable, current portion 862,000 815,000
Accrued interest 58,000 246,000
Total current liabilities 20,047,000 39,618,000
Long term liabilities:    
Finance leases payable, less current portion 19,000 32,000
Office leases payable, less current portion 1,274,000 506,000
Deferred revenue, less current portion 300,000
Total liabilities 21,640,000 40,156,000
Commitments and contingencies (Note 9 and 13)  
Stockholders’ equity (deficit):    
Preferred stock, $.001 par value; 3,000,000 and 500,000 shares authorized at June 30, 2026 and 2025, respectively; none issued and outstanding
 Common stock, $0.001 par value; 75,000,000 shares authorized; 21,580,992 and 16,835,698 issued and outstanding at June 30, 2026 and 2025, respectively 22,000 17,000
Additional paid-in capital 116,370,000 100,965,000
Accumulated deficit (113,834,000) (106,386,000)
Total stockholders’ equity (deficit) 2,558,000 (5,404,000)
Total liabilities and stockholders’ equity (deficit) $ 24,198,000 $ 34,752,000