v2.4.0.8

Consolidated Balance Sheets (USD $)	Sep. 30, 2013	Jun. 30, 2013
ASSETS
Cash and cash equivalents	$ 556	$ 556
Accounts receivable, net of allowance of $425,000	621,471	586,319
Inventories	1,840,181	1,842,203
Current portion of deferred income taxes	194,986	167,499
Other current assets	13,109	22,828
Total current assets	2,670,303	2,619,405
Property, equipment and software development costs - net	198,193	219,402
Intangible assets - net	779,998	798,932
Deferred income taxes	687,750	678,981
Other assets	16,289	17,643
ASSETS	4,352,533	4,334,363
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable and accrued expenses	1,211,199	1,142,391
Due to officers, shareholders and affiliates	563,780	441,771
Current maturities of debt	32,907	32,418
Total current liabilities	1,807,886	1,616,580
Noncurrent liabilities
Long-term debt	431,892	440,557
Subordinated liabilities to officers and shareholders	848,080	848,080
Other	7,000	7,000
Total liabilities	3,094,858	2,912,217
Shareholders' equity
Common Stock, $.001 par value; 30,000,000 shares authorized; 15,967,146 and 15,967,146 shares issued; 15,866,618 and 15,867,146 shares outstanding	15,967	15,967
Additional paid-in capital	14,159,476	14,119,909
Accumulated deficit	(12,915,496)	(12,711,521)
Accumulated other comprehensive income	4,790	4,790
Treasury stock, at cost, 100,528 and 100,000 shares	(10,063)	(10,000)
Total shareholders' equity	1,257,675	1,422,146
Liabilities and Equity	4,352,533	4,334,363
Series A Convertible Preferred Stock [Member]
Shareholders' equity
Preferred Stock	3,000	3,000
Series B 10% Convertible Preferred Stock [Member]
Shareholders' equity
Preferred Stock	$ 1	$ 1

Sum of the carrying values as of the balance sheet date of obligations incurred through that date, including liabilities incurred and payable to vendors for goods and services received, taxes, interest, rent and utilities, compensation costs, payroll taxes and fringe benefits (other than pension and postretirement obligations), contractual rights and obligations, and statutory obligations.

ELECTRONIC CONTROL SECURITY INC 10-Q