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Condensed Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2020
Jun. 30, 2020
Current Assets    
Cash $ 11,143,181 $ 10,479,150
Accounts receivable (net of allowances for doubtful accounts of $45,000) 13,624,505 12,940,677
Contract assets 799,121 902,619
Inventories, net 3,065,043 3,084,620
Prepaid expenses and other current assets 487,361 353,318
Income tax receivable 218,225 262,155
Total current assets 29,337,436 28,022,539
Property and equipment, net 3,666,101 3,788,469
Finite-life intangible assets, net 626,747 598,389
Other assets 60,508 80,166
Deferred income taxes 700,000 755,000
Total assets 34,390,792 33,244,563
Current Liabilities    
Current maturities of other long-term liabilities 55,324 72,328
Accounts payable 766,197 555,510
Accrued compensation 1,761,523 1,404,497
Warranty reserve 750,000 740,000
Other accrued liabilities 195,731 214,045
Total current liabilities 3,528,775 2,986,380
Other long-term liabilities 6,001 8,868
Total liabilities 3,534,776 2,995,248
Commitments and Contingencies  
Shareholders' Equity    
Common stock, $0.01 par value per share, 13,000,000 shares authorized; 8,606,180 and 8,567,834 shares issued and outstanding, respectively 86,062 85,678
Additional paid-in capital 16,551,189 16,480,134
Retained earnings 14,218,765 13,683,503
Total shareholders' equity 30,856,016 30,249,315
Total liabilities and shareholders' equity $ 34,390,792 $ 33,244,563