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Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2019
Jun. 30, 2018
Current Assets    
Cash $ 7,535,891 $ 7,455,844
Accounts receivable (net of allowances for doubtful accounts of $45,000) 12,275,708 11,811,308
Contract assets 843,801 776,338
Inventories 2,706,756 2,486,848
Prepaid expenses and other current assets 400,760 751,541
Income tax receivable 239,989
Total current assets 24,002,905 23,281,879
Property and equipment, net 2,745,121 3,091,242
Finite-life intangible assets, net 602,684 649,103
Other assets 5,807 5,907
Deferred income taxes 337,000 364,000
Total assets 27,693,517 27,392,131
Current Liabilities    
Current maturities of long-term debt, net of debt issuance costs 1,101,043
Accounts payable 622,434 810,644
Accrued compensation 1,199,115 1,269,849
Income tax payable 397,390
Warranty reserve 780,000 760,000
Other accrued liabilities 639,527 464,357
Total current liabilities 3,241,076 4,803,283
Commitments and Contingencies  
Shareholders' Equity    
Common stock, $0.01 par value; authorized: 13,000,000 shares; 8,408,351 and 8,288,659 issued and outstanding at March 31, 2019 and June 30, 2018, respectively 84,084 82,887
Additional paid-in capital 15,933,225 14,953,103
Retained earnings 8,435,132 7,552,858
Total shareholders' equity 24,452,441 22,588,848
Total liabilities and shareholders' equity $ 27,693,517 $ 27,392,131