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Condensed Balance Sheets (Unaudited) - USD ($)
Dec. 31, 2019
Jun. 30, 2019
Current Assets    
Cash $ 9,206,722 $ 7,807,928
Accounts receivable (net of allowances for doubtful accounts of $45,000) 12,718,220 12,760,042
Contract assets 1,190,810 995,847
Inventories 2,651,420 2,622,000
Prepaid expenses and other current assets 313,436 353,214
Income tax receivable 206,489
Total current assets 26,287,097 24,539,031
Property and equipment, net 3,914,934 3,604,744
Finite-life intangible assets, net 552,093 581,413
Other assets 122,057 45,044
Deferred income taxes 611,000 629,000
Total assets 31,487,181 29,399,232
Current Liabilities    
Current maturities of long-term debt 82,938 30,320
Accounts payable 610,610 586,575
Accrued compensation 1,202,694 1,404,662
Income tax payable 288,511
Warranty reserve 770,000 810,000
Other accrued liabilities 327,531 530,453
Total current liabilities 2,993,773 3,650,521
Other long-term liabilities 39,628 14,737
Total liabilities 3,033,401 3,665,258
Commitments and Contingencies  
Shareholders' Equity    
Common stock, $0.01 par value; authorized: 13,000,000 shares; 8,478,448 and 8,408,351 issued and outstanding at December 31, 2019 and June 30, 2019, respectively 84,784 84,084
Additional paid-in capital 16,647,320 16,127,826
Retained earnings 11,721,676 9,522,064
Total shareholders' equity 28,453,780 25,733,974
Total liabilities and shareholders' equity $ 31,487,181 $ 29,399,232