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Balance Sheets (Unaudited) - USD ($)
Dec. 31, 2018
Jun. 30, 2018
Current Assets    
Cash $ 7,211,122 $ 7,455,844
Accounts receivable (net of allowances for doubtful accounts of $45,000) 11,937,466 11,811,308
Contract assets 781,806 776,338
Inventories 2,735,934 2,486,848
Prepaid expenses and other current assets 329,327 751,541
Income tax receivable 24,860
Total current assets 23,020,515 23,281,879
Property and equipment, net 2,875,807 3,091,242
Finite-life intangible assets, net 618,034 649,103
Other assets 6,257 5,907
Deferred income taxes 361,000 364,000
Total assets 26,881,613 27,392,131
Current Liabilities    
Current maturities of long-term debt, net of debt issuance costs 1,101,043
Accounts payable 713,097 810,644
Accrued compensation 1,195,479 1,269,849
Income tax payable 397,390
Warranty reserve 790,000 760,000
Other accrued liabilities 372,494 464,357
Total current liabilities 3,071,070 4,803,283
Commitments and Contingencies  
Shareholders' Equity    
Common stock, $0.01 par value; authorized: 13,000,000 shares; 8,384,184 and 8,288,659 issued and outstanding at December 31, 2018 and June 30, 2018, respectively 83,842 82,887
Additional paid-in capital 15,641,714 14,953,103
Retained earnings 8,084,987 7,552,858
Total shareholders' equity 23,810,543 22,588,848
Total liabilities and shareholders' equity $ 26,881,613 $ 27,392,131