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Condensed Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2020
Jun. 30, 2019
Current Assets    
Cash $ 9,933,309 $ 7,807,928
Accounts receivable (net of allowances for doubtful accounts of $45,000) 13,290,402 12,760,042
Contract assets 1,146,842 995,847
Inventories, net 2,646,971 2,622,000
Prepaid expenses and other current assets 360,956 353,214
Income tax receivable 409,064  
Total current assets 27,787,544 24,539,031
Property and equipment, net 3,878,347 3,604,744
Finite-life intangible assets, net 604,905 581,413
Other assets 100,421 45,044
Deferred income taxes 602,000 629,000
Total assets 32,973,217 29,399,232
Current Liabilities    
Current maturities of other long-term liabilities 76,866 30,320
Accounts payable 874,133 586,575
Accrued compensation 1,444,480 1,404,662
Income tax payable   288,511
Warranty reserve 780,000 810,000
Other accrued liabilities 446,573 530,453
Total current liabilities 3,622,052 3,650,521
Other long-term liabilities 24,324 14,737
Total liabilities 3,646,376 3,665,258
Commitments and Contingencies  
Shareholders' Equity    
Common stock, $0.01 par value; authorized: 13,000,000 shares; 8,483,785 and 8,408,351 issued and outstanding at March 31, 2020 and June 30, 2019, respectively 84,838 84,084
Additional paid-in capital 16,867,053 16,127,826
Retained earnings 12,374,950 9,522,064
Total shareholders' equity 29,326,841 25,733,974
Total liabilities and shareholders' equity $ 32,973,217 $ 29,399,232