XML 16 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Balance Sheets - USD ($)
Jun. 30, 2016
Jun. 30, 2015
Current Assets    
Cash $ 5,123,355 $ 3,598,240
Accounts receivable (net of allowances for doubtful accounts of $45,000) 7,611,437 6,518,816
Inventories 2,480,443 2,072,108
Prepaid expenses and other current assets 412,856 397,833
Income tax receivable 192,685  
Total current assets 15,820,776 12,586,997
Property and equipment, net 3,375,189 3,635,516
Finite-life intangible assets, net 904,033 999,842
Other assets 144,263 182,699
Deferred income taxes 343,000  
Total assets 20,587,261 17,405,054
Current Liabilities    
Current maturities of long-term debt 46,309 48,749
Accounts payable 589,225 538,518
Accrued compensation 1,489,798 700,370
Income tax payable 122,657
Warranty reserve 660,000 660,000
Other accrued liabilities 287,194 208,983
Total current liabilities 3,072,526 2,279,277
Long-term debt, less current maturities 1,156,139 1,202,446
Total liabilities 4,228,665 3,481,723
Commitments and Contingencies
Equity    
Common stock, $0.01 par value; authorized: 13,000,000 shares; 8,187,112 and 8,133,857 issued and outstanding at June 30, 2016 and June 30, 2015, respectively 81,871 81,339
Additional paid-in capital 13,549,551 13,327,320
Retained earnings 2,727,174 514,672
Total shareholders' equity 16,358,596 13,923,331
Total liabilities and shareholders' equity $ 20,587,261 $ 17,405,054