Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Dec. 31, 2016 | Feb. 14, 2017 | |
Document Information [Line Items] | ||
Entity Registrant Name | Flux Power Holdings, Inc. | |
Entity Central Index Key | 1,083,743 | |
Trading Symbol | flux | |
Current Fiscal Year End Date | --06-30 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Well-known Seasoned Issuer | No | |
Entity Common Stock, Shares Outstanding (in shares) | 250,534,087 | |
Document Type | 10-Q | |
Document Period End Date | Dec. 31, 2016 | |
Document Fiscal Year Focus | 2,017 | |
Document Fiscal Period Focus | Q2 | |
Amendment Flag | false |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) | Dec. 31, 2016 | Jun. 30, 2016 |
Current assets: | ||
Cash | $ 72,000 | $ 127,000 |
Accounts receivable | 119,000 | 82,000 |
Inventories | 513,000 | 202,000 |
Deferred financing costs | 44,000 | |
Other current assets | 25,000 | 42,000 |
Total current assets | 729,000 | 497,000 |
Other assets | 16,000 | 16,000 |
Property, plant and equipment, net | 45,000 | 46,000 |
Total assets | 790,000 | 559,000 |
Current liabilities: | ||
Accounts payable | 649,000 | 526,000 |
Accrued expenses | 251,000 | 335,000 |
Warrant derivative liability | 3,000 | 24,000 |
Line of credit, net of discount | 196,000 | |
Total current liabilities | 903,000 | 1,081,000 |
Long term liabilities: | ||
Customer deposits from related party | 128,000 | 136,000 |
Line of credit - related party | 2,325,000 | 1,200,000 |
Total liabilities | 3,356,000 | 2,417,000 |
Commitments and contingencies (Note 11) | ||
Stockholders’ deficit: | ||
Preferred stock, $0.001 par value; 5,000,000 shares authorized; none issued and outstanding | 0 | 0 |
Common stock, $0.001 par value; 300,000,000 shares authorized; 249,931,478 and 209,375,137 shares issued and outstanding at December 31, 2016 and June 30, 2016, respectively | 250,000 | 209,000 |
Additional paid-in capital | 14,660,000 | 13,195,000 |
Accumulated deficit | (17,476,000) | (15,262,000) |
Total stockholders’ deficit | (2,566,000) | (1,858,000) |
Total liabilities and stockholders’ deficit | $ 790,000 | $ 559,000 |
Condensed Consolidated Balance3
Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares | Dec. 31, 2016 | Jun. 30, 2016 |
Preferred stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized (in shares) | 5,000,000 | 5,000,000 |
Preferred stock, issued (in shares) | 0 | 0 |
Preferred stock, outstanding (in shares) | 0 | 0 |
Common stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Common stock, shares authorized (in shares) | 300,000,000 | 300,000,000 |
Common stock, issued (in shares) | 249,931,478 | 209,375,137 |
Common stock, outstanding (in shares) | 249,931,478 | 209,375,137 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2016 | Dec. 31, 2015 | |
Net revenue | $ 181,000 | $ 106,000 | $ 474,000 | $ 277,000 |
Cost of sales | 311,000 | 202,000 | 771,000 | 440,000 |
Gross loss | (130,000) | (96,000) | (297,000) | (163,000) |
Operating expenses: | ||||
Selling and administrative expenses | 653,000 | 605,000 | 1,300,000 | 1,164,000 |
Research and development | 219,000 | 469,000 | 509,000 | 801,000 |
Total operating expenses | 872,000 | 1,074,000 | 1,809,000 | 1,965,000 |
Operating loss | (1,002,000) | (1,170,000) | (2,106,000) | (2,128,000) |
Other income (expense): | ||||
Change in fair value of derivative liabilities | 3,000 | 13,000 | ||
Interest expense | (36,000) | (46,000) | (121,000) | (96,000) |
Net loss | $ (1,035,000) | $ (1,216,000) | $ (2,214,000) | $ (2,224,000) |
Net loss per share - basic and diluted (in dollars per share) | $ 0 | $ (0.01) | $ (0.01) | $ (0.02) |
Weighted average number of common shares outstanding - basic and diluted (in shares) | 249,931,477 | 150,825,082 | 240,449,582 | 132,681,921 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 6 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Cash flows from operating activities: | ||
Net loss | $ (2,214,000) | $ (2,224,000) |
Adjustments to reconcile net loss to net cash used in operating activities | ||
Depreciation | 25,000 | 14,000 |
Change in fair value of warrant liability | (13,000) | |
Stock-based compensation | 20,000 | 78,000 |
Stock issuance for services | 3,000 | 11,000 |
Amortization of prepaid advisory fees | 12,000 | |
Amortization of deferred financing costs | 44,000 | |
Amortization of debt discount | 19,000 | 43,000 |
Changes in operating assets and liabilities: | ||
Accounts receivable | (37,000) | (6,000) |
Inventories | (311,000) | (149,000) |
Other current assets | 17,000 | 15,000 |
Accounts payable | 124,000 | 141,000 |
Accrued expenses | (85,000) | 100,000 |
Customer deposits | (8,000) | |
Net cash used in operating activities | (2,416,000) | (1,965,000) |
Cash flows from investing activities | ||
Purchases of equipment | (24,000) | |
Net cash used in investing activities | (24,000) | |
Cash flows from financing activities: | ||
Repayment of line of credit | (215,000) | |
Proceeds from the sale of common stock | 1,075,000 | |
Proceeds from line of credit - related party and line of credit | 1,525,000 | 1,975,000 |
Net cash provided by financing activities | 2,385,000 | 1,975,000 |
Net change in cash | (55,000) | 10,000 |
Cash, beginning of period | 127,000 | 53,000 |
Cash, end of period | 72,000 | 63,000 |
Supplemental Disclosures of Non-Cash Investing and Financing Activities: | ||
Conversion of debt to equity | 400,000 | 2,047,000 |
Deferred financing cost related to the line of credit - related party | 310,000 | |
Fair value of warrants exchanged for common stock | $ 7,000 |
Note 1 - Nature of Business
Note 1 - Nature of Business | 6 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Business Description and Basis of Presentation [Text Block] | NOTE 1 Basis of Presentation The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and the rules of the Securities and Exchange Commission (“SEC”) applicable to interim reports of companies filing as a smaller reporting company. These financial statements should be read in conjunction with the audited financial statements and notes thereto contained in the Company ’s Annual Report on Form 10 June 30, 2016 September 26, 2016. 10 June 30, 2016 June 30, 2016 10 Nature of Business Flux Power Holdings, Inc. ("Flux") was incorporated as Olerama, Inc. in Nevada in 1998. June 14, 2012, Flux Power develops and sells rechargeable advanced energy storage systems. The Company has structured its business around its core technology, “The Battery Management System” (“BMS”). The Company ’s BMS provides three six December 31, 2016 2015 As used herein, the terms “we,” “us,” “our,” “Flux” and “Company” mean Flux Power Holdings, Inc., unless otherwise indicated. All dollar amounts herein are in U.S. dollars unless otherwise stated. |
Note 2 - Going Concern
Note 2 - Going Concern | 6 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Liquiditiy and Going Concern [Text Block] | NOTE 2 The accompanying consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has incurred an accumulated deficit of $17,476,000 December 31, 2016, December 31, 2016, $174,000. Management plans to raise additional required capital through private placements of equity securities and through draws on our existing related-party credit facility. We initiated a private placement of equity securities in April 2016 $4,000,000. August 31, 2016 6). April 4, 2016 August 31, 2016, $3,900,000 $2,125,000 $1,775,000 We currently have a line of credit facility with our largest shareholder with a maximum principal amount available of $3,500,000. December 31, 2016, $1,175,000 ’s discretion. The related party credit facility matures on January 31, 2018, may January 1, 2017 February 14, 2017, $500,000 4 12). may Although management believes that the additional required funding will be obtained, there is no guarantee we will be able to obtain the additional required funds on a timely basis or that funds will be available on terms acceptable to us. If such funds are not available when required, management will be required to curtail its investments in additional sales and marketing and product development resources, and capital expenditures, which may may |
Note 3 - Summary of Significant
Note 3 - Summary of Significant Accounting Policies | 6 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | NOTE 3 The Company's significant accounting policies are described in Note 3, 10 June 30, 2016. Principles of Consolidation The condensed consolidated financial statements include Flux Power Holdings, Inc. and its wholly-owned subsidiary Flux Power, Inc. after elimination of all intercompany accounts and transactions. Reclassifications Certain prior period amounts have been reclassified to conform to the current period presentation for comparative purposes. Net Loss Per Common Share The Company calculates basic loss per common share by dividing net loss by the weighted average number of common shares outstanding during the periods. Diluted loss per common share includes the impact from all dilutive potential common shares relating to outstanding convertible securities. For the three December 31, 2016 2015, 249,931,477 150,825,082, six December 31, 2016 2015, 240,449,582 132,681,921, three six December 31, 2016 2015, December 31, 2016 2015, 73,191,394 62,353,032, Recent Accounting Pronouncements Management has considered all recent accounting pronouncements issued since the last audit of the Company ’s consolidated financial statements, and believes that these recent pronouncements will not have a material effect on the Company’s consolidated financial statements. |
Note 4 - Related Party Debt Agr
Note 4 - Related Party Debt Agreements | 6 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Related Party Debt Agreement Disclosure [Text Block] | NOTE 4 Between October 2011 September 2012, three 64% December 31, 2016). three December 31, 2015, The Unrestricted Line of Credit, bearing an interest rate of 6% $2,000,000 $3,500,000, $0.30 $0.06 December 31, 2015 January 31, 2018. The change in the conversion rate took place on December 29, 2015 $310,000. December 29, 2016 seven $0 $44,000 December 31, 2016 June 30, 2016, six December 31, 2016, $44,000 Between July 1, 2014 December 31, 2016, $6,075,000 September 3, 2015, October 6, 2015 November 13, 2015, 51,171,025 $0.04 $2,000,000 $46,841 6) April 1, 2016 August 31, 2016, $1,750,000 43,750,000 As of December 31, 2016, $2,325,000 $1,175,000 three six December 31, 2016, $22,000 $38,000 During the three six December 31, 2015, $17,000 $37,000 December 31, 2016, $500,000 12). |
Note 5 - Line of Credit
Note 5 - Line of Credit | 6 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | NOTE 5 Line of Credit On October 2, 2014, $500,000 8% September 2016 may ’s common stock at any time at a conversion price of $0.12 October 2, 2014. $215,000 $34,000. 18% December 23, 2016, $215,000 $42,000 $5,000. In connection with the Line of Credit, the Company granted a warrant to the Lender to purchase a certain number of shares of common stock of the Company equal to the outstanding advances under the Line of Credit divided by the conversion price of $0.12, five $0.20. $215,000, 1,791,667 $0.20 $85,000 $80,000 June 30, 2016, $215,000 $19,000. six December 31, 2016 2015, $19,000 $43,000, The Company retained Security Research Associates Inc. (“SRA”), on a best-efforts basis, as its placement agent for the placement of the Line of Credit. The Company agreed to pay SRA a cash amount equal to 5% 5% $0.12 3 $0.12 2015 $10,750 89,583 ’s common stock at $0.12 July 31, 2015, |
Note 6 - Stockholders' Deficit
Note 6 - Stockholders' Deficit | 6 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | NOTE 6 ’ DEFICIT Common Stock and Warrants We issued the following shares of common stock during the six December 31, 2016: Value of Common Stock Shares of Common Stock Shares issued in 2016 Private Placement as Loan Conversion $ 400,000 10,000,000 Shares issued in 2016 Private Placement for Cash 1,075,000 26,875,000 Shares issued in 2016 Private Placement for Private Placement Subscription - 2,500,000 Shares issued for Services Rendered 3,000 75,000 Shares issued in Warrant Exchange 7,824 1,106,341 Total $ 1,485,824 40,556,341 Private Placement –2016 In April 2016, 77,500,000 $3,100,000, $0.04 July 28, 2016, $4,000,000 August 31, 2016 July 1, 2016 August 31, 2016, $1,475,000 $1,075,000 $400,000 12,500,000 $500,000 10,000,000 $400,000 April 15, 2016, 14,375,000 $575,000 2,500,000 June 30, 2016 $100,000. Upon termination of the Offering on August 31, 2016, $3,900,000 $2,125,000 $1,775,000 506 Advisory Agreements Boustead Securities. On December 2, 2016, six $10,000. six June 2, 2017, 8% 8% Catalyst Global LLC. Effective April 1, 2016, 12 $2,000 540,000 315,000 June 30, 2016 three June 30, 2016 75,000 six nine twelve $0.05 $14,500 June 30, 2016, second 75,000 September 29, 2016 $0.04 $3,000, third 75,000 January 23, 2017 $0.04 $3,000. three six December 31, 2016, $3,000 $6,000, Warrant Activity Warrant detail for the six December 31, 2016 Number of Warrants Weighted Average Exercise Price Per Warrant Remaining Contract Term (# years) Warrants outstanding and exercisable at June 30, 2016 28,040,096 $ 0.20 0.39 - 2.50 Warrants issued - $ - - Warrants exchanged (1,837,777 ) $ 0.14 - Warrants outstanding and exercisable at December 31, 2016 26,202,319 $ 0.20 0.20 - 1.96 In 2012, "2012 2,970,347 $0.41 "2012 August 23, 2016, 2012 2012 0.602 December 31, 2016, one (1) 2012 1,837,777 $0.14 1,106,341 $0.04 $44,000. December 31, 2016, nineteen (19) 2012 12). The Warrant Exchange was accounted for in accordance with the Financial Accounting Standards Board, Accounting Standards Codification Topic No.480 35 Distinguishing Liabilities From Equities, Subsequent Measurement. Stock-based Compensation On November 26, 2014, 2014 “2014 February 17, 2015. 2014 2014 10,000,000 Activity in stock options during the six December 31, 2016 Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contract Term (# years) Outstanding at June 30, 2016 9,004,020 $ 0.11 Granted - Exercised - Forfeited and cancelled (801,320 ) $ 0.25 Outstanding at December 31, 2016 8,202,700 $ 0.10 7.17 Exercisable at December 31, 2016 6,322,325 $ 0.11 6.55 Activity in stock options during the six December 31, 2015, Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contract Term (# years) Outstanding at June 30, 2015 6,101,357 $ 0.15 Granted 4,385,000 0.05 Exercised - Forfeited and cancelled (389,774 ) 0.10 Outstanding at December 31, 2015 10,096,583 $ 0.11 7.72 Exercisable at December 31, 2015 6,056,827 $ 0.14 6.49 Stock-based compensation expense recognized in our consolidated statements of operations for the three six December 31, 2016 2015, Our average stock price during the six December 31, 2016, $0.04, December 31, 2016, $1,000. We allocated stock-based compensation expense included in the condensed consolidated statements of operations for employee option grants and non-employee option grants as follows: For the Three Months Ended For the Six Months Ended December 31, December 31, December 31, December 31, 2016 2015 2016 2015 Research and development $ 3,000 $ 11,000 $ 7,000 $ 14,000 General and administration 7,000 37,000 13,000 64,000 Total stock-based compensation expense $ 10,000 $ 48,000 $ 20,000 $ 78,000 The Company uses the Black-Scholes valuation model to calculate the fair value of stock options. The fair value of stock options was measured at the grant date using the assumptions (annualized percentages) in the table below: Six months ended December 31, 2016 2015 Expected volatility 100% 100% Risk free interest rate 1.31% 1.31% Forfeiture rate 23.0% 17% Dividend yield 0% 0% Expected term (years) 3 3 The remaining amount of unrecognized stock-based compensation expense at December 31, 2016 $60,000, 1.84 |
Note 7 - Warrant Derivative Lia
Note 7 - Warrant Derivative Liability | 6 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Derivative Instruments and Hedging Activities Disclosure [Text Block] | NOTE 7 – WARRANT DERIVATIVE LIABILITY The 2012 6 In accordance with ASC No. 815, Warrants classified as derivative liabilities are recorded at their fair values at the issuance date and are revalued at each subsequent reporting date. These warrants were determined to have an average fair value per warrant and aggregate value as of December 31, 2016 $0.004 $3,000, June 30, 2016 $0.01 $24,000, Significant assumptions used to estimate the fair value of the warrants classified as derivative liabilities are summarized below: As of December 31, 2016 As of June 30, 2016 Risk-free interest rate 0.47% 0.44% – 0.49% Expected life (average) (years) 0.49 – 0.83 0.96 – 1.33 Stock price (based on prices on valuation date) $0.04 $0.05 Exercise price $0.14 $0.15 Expected volatility 110% 110% As discussed in Note 6, $0.04 2012 $0.14 December 31, 2016. The change in the estimated fair value of warrants classified as derivative liabilities during the three six December 31, 2016 $3,000 $13,000, |
Note 8 - Fair Value Measurement
Note 8 - Fair Value Measurements | 6 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | NOTE 8 We follow FASB ASC Topic No. 820, Fair Value Measurements and Disclosures 820”) ASC 820 one Level 1: Level 2: Level 3: The hierarchy noted above requires us to minimize the use of unobservable inputs and to use observable market data, if available, when determining fair value. The fair value of our recorded derivative liabilities is determined based on unobservable inputs that are not corroborated by market data, which is a Level 3 December 31, 2016 June 30, 2016, 3 $3,000 $24,000, 3 six December 31, 2016: Fair value measurements of warrants using significant unobservable inputs (Level 3) Balance at June 30, 2016 $ 24,000 Change in fair value of warrant liability (14,000 ) Warrant exchange for common stock (Note 6) (7,000 ) Balance at December 31, 2016 $ 3,000 The fair value of our warrant derivative liabilities and the change in the estimated fair value of derivative liabilities that we recorded during the six December 31, 2016, 6 7). |
Note 9 - Other Related Party Tr
Note 9 - Other Related Party Transactions | 6 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | NOTE 9 Transactions with Epic Boats The Company subleases office and manufacturing space to Epic Boats (an entity founded and controlled by Chris Anthony, our board member and former Chief Executive Officer) in our facility in Vista, California pursuant to a month-to-month sublease agreement. Pursuant to this agreement, Epic Boats pays Flux Power 10% The Company received $4,000 $8,000, three six December 31, 2016, On October 21, 2009, December 31, June 30, 2016, $128,000 $136,000, |
Note 10 - Concentrations
Note 10 - Concentrations | 6 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Concentration Risk Disclosure [Text Block] | NOTE 10 Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of temporary cash investments and unsecured trade accounts receivable. The Company maintains cash balances at a financial institution in San Diego, California. Our cash balance at this institution is secured by the Federal Deposit Insurance Corporation up to $250,000. December 31, 2016, $72,000, Customer Concentrations During the three December 31, 2016, two 10% 78% six December 31, 2016, three 10% 67% During the three six December 31, 2015, two 10% 66% 64%, in the aggregate. Suppliers/Vendor Concentrations We obtain a limited number of components and supplies included in our products from a small group of suppliers. During the three six December 31, 2016 three 10% 59% 63%, During the three six December 31, 2015, three 10% 72% 64%, |
Note 11 - Commitments and Conti
Note 11 - Commitments and Contingencies | 6 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | NOTE 11 From time to time, we may June 2015, June 2013. August 26, 2016 $10,000 September 2016. |
Note 12 - Subsequent Events
Note 12 - Subsequent Events | 6 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | NOTE 12 Management has evaluated events subsequent to December 31, 2016, may During the period from January 1, 2017 February 14, 2017 500,000 February 14, 2017, $2,825,000, $675,000 On August 23, 2016, 2012 2012 0.602 On January 24, 2017, 527,609 $0.04 $74,000 nineteen (19) 2012 876,420 $0.14. On January 24, 2017, 75,000 $0.04 $3,000, three December 31, 2016. 4(a)(2) On February 1, 2017, entered into an oral agreement with a shareholder ("Shareholder"), pursuant to which we received a $200,000 February 14, 2017, |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 6 Months Ended |
Dec. 31, 2016 | |
Accounting Policies [Abstract] | |
Consolidation, Policy [Policy Text Block] | Principles of Consolidation The condensed consolidated financial statements include Flux Power Holdings, Inc. and its wholly-owned subsidiary Flux Power, Inc. after elimination of all intercompany accounts and transactions. |
Reclassification, Policy [Policy Text Block] | Reclassifications Certain prior period amounts have been reclassified to conform to the current period presentation for comparative purposes. |
Earnings Per Share, Policy [Policy Text Block] | Net Loss Per Common Share The Company calculates basic loss per common share by dividing net loss by the weighted average number of common shares outstanding during the periods. Diluted loss per common share includes the impact from all dilutive potential common shares relating to outstanding convertible securities. For the three December 31, 2016 2015, 249,931,477 150,825,082, six December 31, 2016 2015, 240,449,582 132,681,921, three six December 31, 2016 2015, December 31, 2016 2015, 73,191,394 62,353,032, |
New Accounting Pronouncements, Policy [Policy Text Block] | Recent Accounting Pronouncements Management has considered all recent accounting pronouncements issued since the last audit of the Company ’s consolidated financial statements, and believes that these recent pronouncements will not have a material effect on the Company’s consolidated financial statements. |
Note 6 - Stockholders' Deficit
Note 6 - Stockholders' Deficit (Tables) | 6 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Schedule of Stock by Class [Table Text Block] | Value of Common Stock Shares of Common Stock Shares issued in 2016 Private Placement as Loan Conversion $ 400,000 10,000,000 Shares issued in 2016 Private Placement for Cash 1,075,000 26,875,000 Shares issued in 2016 Private Placement for Private Placement Subscription - 2,500,000 Shares issued for Services Rendered 3,000 75,000 Shares issued in Warrant Exchange 7,824 1,106,341 Total $ 1,485,824 40,556,341 |
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block] | Number of Warrants Weighted Average Exercise Price Per Warrant Remaining Contract Term (# years) Warrants outstanding and exercisable at June 30, 2016 28,040,096 $ 0.20 0.39 - 2.50 Warrants issued - $ - - Warrants exchanged (1,837,777 ) $ 0.14 - Warrants outstanding and exercisable at December 31, 2016 26,202,319 $ 0.20 0.20 - 1.96 |
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contract Term (# years) Outstanding at June 30, 2016 9,004,020 $ 0.11 Granted - Exercised - Forfeited and cancelled (801,320 ) $ 0.25 Outstanding at December 31, 2016 8,202,700 $ 0.10 7.17 Exercisable at December 31, 2016 6,322,325 $ 0.11 6.55 Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contract Term (# years) Outstanding at June 30, 2015 6,101,357 $ 0.15 Granted 4,385,000 0.05 Exercised - Forfeited and cancelled (389,774 ) 0.10 Outstanding at December 31, 2015 10,096,583 $ 0.11 7.72 Exercisable at December 31, 2015 6,056,827 $ 0.14 6.49 |
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block] | For the Three Months Ended For the Six Months Ended December 31, December 31, December 31, December 31, 2016 2015 2016 2015 Research and development $ 3,000 $ 11,000 $ 7,000 $ 14,000 General and administration 7,000 37,000 13,000 64,000 Total stock-based compensation expense $ 10,000 $ 48,000 $ 20,000 $ 78,000 |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | Six months ended December 31, 2016 2015 Expected volatility 100% 100% Risk free interest rate 1.31% 1.31% Forfeiture rate 23.0% 17% Dividend yield 0% 0% Expected term (years) 3 3 |
Note 7 - Warrant Derivative L20
Note 7 - Warrant Derivative Liability (Tables) | 6 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Fair Value of Warrant Derivative Evaluation Techniques [Table Text Block] | As of December 31, 2016 As of June 30, 2016 Risk-free interest rate 0.47% 0.44% – 0.49% Expected life (average) (years) 0.49 – 0.83 0.96 – 1.33 Stock price (based on prices on valuation date) $0.04 $0.05 Exercise price $0.14 $0.15 Expected volatility 110% 110% |
Note 8 - Fair Value Measureme21
Note 8 - Fair Value Measurements (Tables) | 6 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Fair Value, Liabilities Measured on Recurring Basis [Table Text Block] | Fair value measurements of warrants using significant unobservable inputs (Level 3) Balance at June 30, 2016 $ 24,000 Change in fair value of warrant liability (14,000 ) Warrant exchange for common stock (Note 6) (7,000 ) Balance at December 31, 2016 $ 3,000 |
Note 2 - Going Concern (Details
Note 2 - Going Concern (Details Textual) - USD ($) | Jul. 28, 2016 | Aug. 31, 2016 | Apr. 30, 2016 | Feb. 14, 2017 | Aug. 31, 2016 | Aug. 31, 2016 | Aug. 31, 2016 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 30, 2016 | Jun. 30, 2016 |
Retained Earnings (Accumulated Deficit) | $ (17,476,000) | $ (15,262,000) | |||||||||
Working Capital | 174,000 | ||||||||||
Proceeds from Issuance of Private Placement | 1,075,000 | ||||||||||
Proceeds from Related Party Debt | 1,525,000 | $ 1,975,000 | |||||||||
Unrestricted Line of Credit [Member] | Esenjay Investments, LLC [Member] | |||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | 3,500,000 | $ 2,000,000 | |||||||||
Line of Credit Facility, Remaining Borrowing Capacity | $ 1,175,000 | ||||||||||
Unrestricted Line of Credit [Member] | Esenjay Investments, LLC [Member] | Subsequent Event [Member] | |||||||||||
Proceeds from Related Party Debt | $ 500,000 | ||||||||||
Private Placement 2016 [Member] | |||||||||||
Intent to Raise Private Placement Offering | $ 4,000,000 | $ 4,000,000 | $ 3,100,000 | ||||||||
Private Placement, Consideration Received | $ 1,475,000 | $ 3,900,000 | $ 3,900,000 | ||||||||
Proceeds from Issuance of Private Placement | 2,125,000 | ||||||||||
Stock Issued During Period, Value, Conversion of Convertible Securities | $ 1,775,000 | $ 1,775,000 |
Note 3 - Summary of Significa23
Note 3 - Summary of Significant Accounting Policies (Details Textual) - shares | 3 Months Ended | 6 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2016 | Dec. 31, 2015 | |
Weighted Average Number of Shares Outstanding, Basic and Diluted | 249,931,477 | 150,825,082 | 240,449,582 | 132,681,921 |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 73,191,394 | 62,353,032 |
Note 4 - Related Party Debt A24
Note 4 - Related Party Debt Agreements (Details Textual) - USD ($) | Aug. 31, 2016 | Nov. 13, 2015 | Feb. 14, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2016 | Dec. 30, 2016 | Jun. 30, 2016 | Dec. 29, 2015 |
Amortization of Debt Issuance Costs | $ 44,000 | ||||||||||
Long-term Line of Credit, Noncurrent | $ 2,325,000 | $ 2,325,000 | $ 2,325,000 | $ 1,200,000 | |||||||
Director [Member] | |||||||||||
Percentage of Common Stock Owned by Majority Shareholder | 64.00% | 64.00% | 64.00% | ||||||||
Esenjay Investments, LLC [Member] | Unrestricted Line of Credit [Member] | |||||||||||
Line of Credit Facility, Interest Rate During Period | 6.00% | ||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 3,500,000 | $ 3,500,000 | $ 3,500,000 | $ 2,000,000 | |||||||
Debt Instrument, Convertible, Conversion Price | $ 0.06 | $ 0.06 | $ 0.06 | $ 0.30 | |||||||
Debt Issuance Costs, Gross | $ 310,000 | ||||||||||
Debt Issuance Costs, Net | $ 0 | $ 0 | $ 0 | $ 44,000 | |||||||
Amortization of Debt Issuance Costs | 44,000 | ||||||||||
Proceeds from Lines of Credit | 6,075,000 | ||||||||||
Long-term Line of Credit, Noncurrent | 2,325,000 | 2,325,000 | 2,325,000 | ||||||||
Line of Credit Facility, Remaining Borrowing Capacity | 1,175,000 | 1,175,000 | $ 1,175,000 | ||||||||
Interest Expense, Borrowings | $ 22,000 | $ 17,000 | $ 38,000 | $ 37,000 | |||||||
Esenjay Investments, LLC [Member] | Unrestricted Line of Credit [Member] | Subsequent Event [Member] | |||||||||||
Proceeds from Lines of Credit | $ 500,000 | ||||||||||
Esenjay Investments, LLC [Member] | Unrestricted Line of Credit [Member] | Loan Conversion Agreement [Member] | |||||||||||
Debt Instrument, Convertible, Conversion Price | $ 0.04 | ||||||||||
Debt Conversion, Converted Instrument, Shares Issued | 43,750,000 | 51,171,025 | |||||||||
Debt Conversion, Original Debt, Amount | $ 1,750,000 | $ 2,000,000 | |||||||||
Debt Conversion Accrued Interest Original Debt Amount1 | $ 46,841 |
Note 5 - Line of Credit (Detail
Note 5 - Line of Credit (Details Textual) - USD ($) | Dec. 23, 2016 | Dec. 31, 2016 | Dec. 31, 2015 | Jun. 30, 2015 | Dec. 22, 2016 | Sep. 30, 2016 | Jun. 30, 2016 | Oct. 02, 2014 | Dec. 31, 2012 |
Repayments of Lines of Credit | $ 215,000 | ||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.14 | $ 0.41 | |||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 2,970,347 | ||||||||
Amortization of Debt Discount (Premium) | $ 19,000 | 43,000 | |||||||
Security Research Associates, Inc [Member] | |||||||||
Class of Warrant or Right, Term | 3 years | ||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.12 | ||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 89,583 | ||||||||
Payments for Placement, Percentage of Gross Proceeds Raised | 5.00% | ||||||||
Percentage of Aggregate Gross Proceeds from Note Received | 5.00% | ||||||||
Payments for Commissions | $ 10,750 | ||||||||
Warrants Related to Line of Credit [Member] | |||||||||
Class of Warrant or Right, Term | 5 years | ||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.20 | ||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 1,791,667 | ||||||||
Line of Credit [Member] | Non-Related Lender [Member] | |||||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 500,000 | ||||||||
Debt Instrument, Interest Rate, Stated Percentage | 8.00% | ||||||||
Debt Instrument, Convertible, Conversion Price | $ 0.12 | ||||||||
Long-term Line of Credit | $ 215,000 | $ 215,000 | |||||||
Interest Payable, Current | $ 34,000 | ||||||||
Debt Instrument, Default Interest Rate | 18.00% | ||||||||
Repayments of Lines of Credit | $ 215,000 | ||||||||
Interest Paid | 42,000 | ||||||||
Payments for Penalty Fees on Debt | $ 5,000 | ||||||||
Debt Instrument, Initial Debt Discount | $ 85,000 | ||||||||
Debt Instrument, Convertible, Beneficial Conversion Feature | 80,000 | ||||||||
Debt Instrument, Unamortized Discount | $ 19,000 | ||||||||
Amortization of Debt Discount (Premium) | $ 19,000 | $ 43,000 |
Note 6 - Stockholders' Defici26
Note 6 - Stockholders' Deficit (Details Textual) - USD ($) | Jan. 24, 2017 | Jan. 23, 2017 | Dec. 02, 2016 | Sep. 29, 2016 | Jul. 28, 2016 | Jun. 30, 2016 | Apr. 15, 2016 | Apr. 01, 2016 | Aug. 31, 2016 | Apr. 30, 2016 | Aug. 31, 2016 | Dec. 31, 2016 | Jun. 30, 2016 | Aug. 31, 2016 | Aug. 31, 2016 | Dec. 31, 2016 | Sep. 30, 2016 | Sep. 26, 2016 | Aug. 23, 2016 | Nov. 26, 2014 | Dec. 31, 2012 |
Share Price | $ 0.05 | $ 0.04 | $ 0.05 | $ 0.04 | $ 0.04 | ||||||||||||||||
Stock Issued During Period, Shares, New Issues | 40,556,341 | ||||||||||||||||||||
Stock Issued During Period, Value, New Issues | $ 1,485,824 | ||||||||||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 2,970,347 | ||||||||||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.14 | $ 0.41 | |||||||||||||||||||
Class of Warrants or Right, Exchanged During Period | 1,837,777 | ||||||||||||||||||||
Class of Warrant or Right, Exchanged During Period, Exercise Price | $ 0.14 | ||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 10,000,000 | ||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value | $ 1,000 | $ 1,000 | |||||||||||||||||||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options | 60,000 | $ 60,000 | |||||||||||||||||||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | 1 year 306 days | ||||||||||||||||||||
Warrant Options, 2012 [Member] | |||||||||||||||||||||
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right | 0.602 | ||||||||||||||||||||
Class of Warrants or Right, Exchanged During Period | 1,837,777 | ||||||||||||||||||||
Class of Warrant or Right, Exchanged During Period, Exercise Price | $ 0.14 | ||||||||||||||||||||
Stock Issued During Period, Shares, New Issues, Exchange of Warrants | 1,106,341 | ||||||||||||||||||||
Stock Issued During Period, Per Shares, New Issues, Exchange of Warrants | $ 0.04 | ||||||||||||||||||||
Stock Issued During Period, Value, New Issues, Exchange of Warrants | $ 44,000 | ||||||||||||||||||||
Subsequent Event [Member] | Warrant Options, 2012 [Member] | |||||||||||||||||||||
Class of Warrants or Right, Exchanged During Period | 876,420 | ||||||||||||||||||||
Class of Warrant or Right, Exchanged During Period, Exercise Price | $ 0.14 | ||||||||||||||||||||
Boustead Securities [Member] | |||||||||||||||||||||
Advisory Fees | $ 10,000 | ||||||||||||||||||||
Advisory Services Cash Compensation Percentage | 8.00% | ||||||||||||||||||||
Class of Warrant or Right Issued or Issuable Percentage | 8.00% | ||||||||||||||||||||
Catalyst Global LLC [Member] | |||||||||||||||||||||
Advisory Fees | $ 2,000 | $ 3,000 | $ 6,000 | ||||||||||||||||||
Stock Issued During Period, Shares, Issued for Services | 315,000 | ||||||||||||||||||||
Catalyst Global LLC [Member] | Subsequent Event [Member] | |||||||||||||||||||||
Stock Issued During Period, Shares, Issued for Services | 75,000 | ||||||||||||||||||||
Stock Issued During Period, Value, Issued for Services | $ 3,000 | ||||||||||||||||||||
Catalyst Global LLC [Member] | Restricted Stock [Member] | |||||||||||||||||||||
Stock Issued During Period, Shares, Issued for Services | 540,000 | ||||||||||||||||||||
Catalyst Global LLC [Member] | Initial Tranche [Member] | |||||||||||||||||||||
Share Price | $ 0.05 | $ 0.05 | |||||||||||||||||||
Stock Issued During Period, Shares, Issued for Services | 75,000 | ||||||||||||||||||||
Stock Issued During Period, Value, Issued for Services | $ 14,500 | ||||||||||||||||||||
Catalyst Global LLC [Member] | Second Tranche [Member] | |||||||||||||||||||||
Share Price | $ 0.04 | ||||||||||||||||||||
Stock Issued During Period, Shares, Issued for Services | 75,000 | ||||||||||||||||||||
Stock Issued During Period, Value, Issued for Services | $ 3,000 | ||||||||||||||||||||
Catalyst Global LLC [Member] | Third Tranche [Member] | Subsequent Event [Member] | |||||||||||||||||||||
Share Price | $ 0.04 | ||||||||||||||||||||
Stock Issued During Period, Shares, Issued for Services | 75,000 | ||||||||||||||||||||
Stock Issued During Period, Value, Issued for Services | $ 3,000 | ||||||||||||||||||||
Private Placement 2016 [Member] | |||||||||||||||||||||
Private Placement, Number of Shares Authorized | 77,500,000 | ||||||||||||||||||||
Intent to Raise Private Placement Offering | $ 4,000,000 | $ 4,000,000 | $ 3,100,000 | ||||||||||||||||||
Share Price | $ 0.04 | ||||||||||||||||||||
Private Placement, Consideration Received | $ 1,475,000 | $ 3,900,000 | $ 3,900,000 | ||||||||||||||||||
Proceeds from Issuance of Common Stock | 1,075,000 | 2,125,000 | |||||||||||||||||||
Private Placement, Liabilities Settled | 400,000 | ||||||||||||||||||||
Stock Issued During Period, Value, Conversion of Convertible Securities | $ 1,775,000 | $ 1,775,000 | |||||||||||||||||||
Private Placement 2016 [Member] | Esenjay Investments, LLC [Member] | |||||||||||||||||||||
Proceeds from Issuance of Common Stock | $ 500,000 | ||||||||||||||||||||
Stock Issued During Period, Shares, New Issues | 12,500,000 | ||||||||||||||||||||
Debt Conversion, Converted Instrument, Shares Issued | 10,000,000 | ||||||||||||||||||||
Debt Conversion, Original Debt, Amount | $ 400,000 | ||||||||||||||||||||
Private Placement 2016 [Member] | Unrelated Private Investors [Member] | |||||||||||||||||||||
Proceeds from Issuance of Common Stock | $ 575,000 | ||||||||||||||||||||
Stock Issued During Period, Shares, New Issues | 14,375,000 | ||||||||||||||||||||
Private Placement 2016 [Member] | Unrelated Private Investor II [Member] | |||||||||||||||||||||
Stock Issued During Period, Shares, New Issues | 2,500,000 | ||||||||||||||||||||
Stock Issued During Period, Value, New Issues | $ 100,000 |
Note 6 - Stockholders' Defici27
Note 6 - Stockholders' Deficit - Issuance of Common Stock (Details) | 6 Months Ended |
Dec. 31, 2016USD ($)shares | |
Value of common stock | $ | $ 1,485,824 |
Shares of common stock (in shares) | shares | 40,556,341 |
The 2016 Private Placement as Loan Conversion [Member] | |
Value of common stock | $ | $ 400,000 |
Shares of common stock (in shares) | shares | 10,000,000 |
The 2016 Private Placement for Cash [Member] | |
Value of common stock | $ | $ 1,075,000 |
Shares of common stock (in shares) | shares | 26,875,000 |
The 2016 Private Placement for Common Stock Payable [Member] | |
Value of common stock | $ | |
Shares of common stock (in shares) | shares | 2,500,000 |
Services Rendered [Member] | |
Value of common stock | $ | $ 3,000 |
Shares of common stock (in shares) | shares | 75,000 |
Warrant Exchange [Member] | |
Value of common stock | $ | $ 7,824 |
Shares of common stock (in shares) | shares | 1,106,341 |
Note 6 - Stockholders' Defici28
Note 6 - Stockholders' Deficit - Warrant Activity (Details) - $ / shares | 6 Months Ended | 12 Months Ended |
Dec. 31, 2016 | Jun. 30, 2016 | |
Outstanding and exercisable, number of warrants, beginning balance (in shares) | 28,040,096 | |
Outstanding and exercisable, weighted average exercise price per warrant, beginning balance (in dollars per share) | $ 0.20 | |
Exchanged, number of warrants (in shares) | (1,837,777) | |
Exchanged, weighted average exercise price per warrant (in dollars per share) | $ 0.14 | |
Outstanding and exercisable, number of warrants, ending balance (in shares) | 26,202,319 | 28,040,096 |
Outstanding and exercisable, weighted average exercise price per warrant, ending balance (in dollars per share) | $ 0.20 | $ 0.20 |
Minimum [Member] | ||
Outstanding and exercisable, remaining contract term, beginning balance (Year) | 73 days | 142 days |
Maximum [Member] | ||
Outstanding and exercisable, remaining contract term, beginning balance (Year) | 1 year 350 days | 2 years 182 days |
Note 6 - Stockholders' Defici29
Note 6 - Stockholders' Deficit - Stock Options Activity (Details) - Employee Stock Option [Member] - $ / shares | 6 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Outstanding, number of shares, beginning balance (in shares) | 9,004,020 | 6,101,357 |
Outstanding, weighted average exercise price, beginning balance (in dollars per share) | $ 0.11 | $ 0.15 |
Granted, number of shares (in shares) | 4,385,000 | |
Granted, weighted average exercise price (in dollars per share) | ||
Exercised, number of shares (in shares) | ||
Forfeited and cancelled, number of shares (in shares) | (801,320) | (389,774) |
Forfeited and cancelled, weighted average exercise price (in dollars per share) | $ 0.25 | $ 0.10 |
Outstanding, number of shares, ending balance (in shares) | 8,202,700 | 10,096,583 |
Outstanding, weighted average exercise price, ending balance (in dollars per share) | $ 0.10 | $ 0.11 |
Outstanding, weighted average remaining contract term, ending balance (Year) | 7 years 62 days | 7 years 262 days |
Exercisable, number of shares (in shares) | 6,322,325 | 6,056,827 |
Exercisable, weighted average exercise price (in dollars per share) | $ 0.11 | $ 0.14 |
Exercisable, weighted average remaining contract term (Year) | 6 years 200 days | 6 years 178 days |
Forfeited and cancelled, weighted average exercise price (in dollars per share) | $ 0.25 | $ 0.10 |
Outstanding, weighted average remaining contract term, ending balance (Year) | 7 years 62 days | 7 years 262 days |
Exercisable, weighted average exercise price (in dollars per share) | $ 0.11 | $ 0.14 |
Exercisable, weighted average remaining contract term (Year) | 6 years 200 days | 6 years 178 days |
Note 6 - Stockholders' Defici30
Note 6 - Stockholders' Deficit - Employee Option Grants and Non-employee Option Grants (Details) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2016 | Dec. 31, 2015 | |
Allocated Share-based Compensation Expense | $ 10,000 | $ 48,000 | $ 20,000 | $ 78,000 |
Research and Development Expense [Member] | ||||
Allocated Share-based Compensation Expense | 3,000 | 11,000 | 7,000 | 14,000 |
General and Administrative Expense [Member] | ||||
Allocated Share-based Compensation Expense | $ 7,000 | $ 37,000 | $ 13,000 | $ 64,000 |
Note 6 - Stockholders' Defici31
Note 6 - Stockholders' Deficit - Assumptions Used to Measure Fair Value of Stock Options (Details) | 6 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Expected volatility | 100.00% | 100.00% |
Risk free interest rate | 1.31% | 1.31% |
Forfeiture rate | 23.00% | 17.00% |
Dividend yield | 0.00% | 0.00% |
Expected term (years) (Year) | 3 years | 3 years |
Note 7 - Warrant Derivative L32
Note 7 - Warrant Derivative Liability (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2016 | Dec. 31, 2015 | Jun. 30, 2016 | Sep. 30, 2016 | Sep. 26, 2016 | Dec. 31, 2012 | |
Warrant Liabilities, Current, Weighted Average Price | $ 0.004 | $ 0.01 | ||||||
Warrant Liabilities, Current | $ 3,000 | $ 3,000 | $ 24,000 | |||||
Share Price | $ 0.04 | $ 0.04 | $ 0.05 | $ 0.04 | ||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.14 | $ 0.41 | ||||||
Gain (Loss) on Derivative Instruments, Net, Pretax | $ 3,000 | $ 13,000 |
Note 7 - Warrant Derivative L33
Note 7 - Warrant Derivative Liability - Assumptions to Estimate Fair Value of the Warrants (Details) - $ / shares | 6 Months Ended | 12 Months Ended | |
Dec. 31, 2016 | Jun. 30, 2016 | Sep. 26, 2016 | |
Risk-free interest rate | 0.47% | ||
Stock price (based on prices on valuation date) (in dollars per share) | $ 0.04 | $ 0.05 | $ 0.04 |
Exercise price (in dollars per share) | $ 0.14 | $ 0.15 | |
Expected volatility | 110.00% | 110.00% | |
Minimum [Member] | |||
Risk-free interest rate | 0.44% | ||
Expected life (average) (years) (Year) | 178 days | 350 days | |
Maximum [Member] | |||
Risk-free interest rate | 0.49% | ||
Expected life (average) (years) (Year) | 302 days | 1 year 120 days |
Note 8 - Fair Value Measureme34
Note 8 - Fair Value Measurements (Details Textual) - Warrant [Member] - USD ($) | Dec. 31, 2016 | Jun. 30, 2016 |
Fair Value, Measurement with Unobservable Inputs Reconciliations, Recurring Basis, Liability Value | $ 3,000 | $ 24,000 |
Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Measurement with Unobservable Inputs Reconciliations, Recurring Basis, Liability Value | $ 3,000 | $ 24,000 |
Note 8 - Fair Value Measureme35
Note 8 - Fair Value Measurements - Summary of Changes In the Fair Value of Level 3 Financial Instruments (Details) - Warrant [Member] | 6 Months Ended |
Dec. 31, 2016USD ($) | |
Balance at June 30, 2016 | $ 24,000 |
Change in fair value of warrant liability | (14,000) |
Warrant exchange for common stock (Note 6) | (7,000) |
Balance at December 31, 2016 | $ 3,000 |
Note 9 - Other Related Party 36
Note 9 - Other Related Party Transactions (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2016 | Jun. 30, 2016 | |
Percentage of Facility Costs on Monthly Basis | 10.00% | ||
Related Party Deposit Liabilities | $ 128,000 | $ 128,000 | $ 136,000 |
Epic Boats LLC [Member] | |||
Operating Leases, Income Statement, Lease Revenue | $ 4,000 | $ 8,000 |
Note 10 - Concentrations (Detai
Note 10 - Concentrations (Details Textual) | 3 Months Ended | 6 Months Ended | ||
Dec. 31, 2016USD ($) | Dec. 31, 2015 | Dec. 31, 2016USD ($) | Dec. 31, 2015 | |
Cash, FDIC Insured Amount | $ 72,000 | $ 72,000 | ||
Customer Concentration Risk [Member] | Sales Revenue, Net [Member] | ||||
Number of Major Customers | 2 | 2 | 3 | 2 |
Customer Concentration Risk [Member] | Sales Revenue, Net [Member] | Two Customers [Member] | ||||
Concentration Risk, Percentage | 78.00% | 66.00% | 64.00% | |
Customer Concentration Risk [Member] | Sales Revenue, Net [Member] | Three Customer [Member] | ||||
Concentration Risk, Percentage | 67.00% | |||
Supplier Concentration Risk [Member] | Cost of Goods, Total [Member] | ||||
Number of Major Suppliers | 3 | 3 | 3 | 3 |
Supplier Concentration Risk [Member] | Cost of Goods, Total [Member] | Three Suppliers [Member] | ||||
Concentration Risk, Percentage | 59.00% | 72.00% | 63.00% | 64.00% |
Note 11 - Commitments and Con38
Note 11 - Commitments and Contingencies (Details Textual) | Aug. 26, 2016USD ($) |
Litigation Settlement, Amount | $ (10,000) |
Note 12 - Subsequent Events (De
Note 12 - Subsequent Events (Details Textual) - USD ($) | Feb. 01, 2017 | Jan. 24, 2017 | Jun. 30, 2016 | Feb. 14, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2016 | Aug. 23, 2016 |
Class of Warrants or Right, Exchanged During Period | 1,837,777 | |||||||
Class of Warrant or Right, Exchanged During Period, Exercise Price | $ 0.14 | |||||||
Proceeds from Related Party Debt | $ 1,525,000 | $ 1,975,000 | ||||||
Catalyst Global LLC [Member] | ||||||||
Stock Issued During Period, Shares, Issued for Services | 315,000 | |||||||
Warrant Options, 2012 [Member] | ||||||||
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right | 0.602 | |||||||
Stock Issued During Period, Shares, New Issues, Exchange of Warrants | 1,106,341 | |||||||
Stock Issued During Period, Per Shares, New Issues, Exchange of Warrants | $ 0.04 | |||||||
Stock Issued During Period, Value, New Issues, Exchange of Warrants | $ 44,000 | |||||||
Class of Warrants or Right, Exchanged During Period | 1,837,777 | |||||||
Class of Warrant or Right, Exchanged During Period, Exercise Price | $ 0.14 | |||||||
Esenjay Investments, LLC [Member] | Unrestricted Line of Credit [Member] | ||||||||
Proceeds from Lines of Credit | $ 6,075,000 | |||||||
Line of Credit Facility, Remaining Borrowing Capacity | $ 1,175,000 | $ 1,175,000 | ||||||
Subsequent Event [Member] | Catalyst Global LLC [Member] | ||||||||
Stock Issued During Period, Shares, Issued for Services | 75,000 | |||||||
Shares Issued, Price Per Share | $ 0.04 | |||||||
Stock Issued During Period, Value, Issued for Services | $ 3,000 | |||||||
Subsequent Event [Member] | Warrant Options, 2012 [Member] | ||||||||
Class of Warrants or Right, Exchanged During Period | 876,420 | |||||||
Class of Warrant or Right, Exchanged During Period, Exercise Price | $ 0.14 | |||||||
Subsequent Event [Member] | Warrant Options, 2012 [Member] | Common Stock [Member] | ||||||||
Stock Issued During Period, Shares, New Issues, Exchange of Warrants | 527,609 | |||||||
Stock Issued During Period, Per Shares, New Issues, Exchange of Warrants | $ 0.04 | |||||||
Stock Issued During Period, Value, New Issues, Exchange of Warrants | $ 74,000 | |||||||
Subsequent Event [Member] | Esenjay Investments, LLC [Member] | Esenjay Investments, LLC [Member] | ||||||||
Long-term Line of Credit | $ 2,825,000 | |||||||
Line of Credit Facility, Remaining Borrowing Capacity | 675,000 | |||||||
Subsequent Event [Member] | Esenjay Investments, LLC [Member] | Unrestricted Line of Credit [Member] | ||||||||
Proceeds from Lines of Credit | 500,000 | |||||||
Proceeds from Related Party Debt | $ 500,000 | |||||||
Subsequent Event [Member] | Shareholder [Member] | ||||||||
Proceeds from Related Party Debt | $ 200,000 |