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Condensed Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2022
Jun. 30, 2021
Current Assets    
Cash and cash equivalents $ 9,844,000 $ 11,889,000
Accounts receivable (net of allowances for doubtful accounts of $45,000) 19,614,000 17,032,000
Contract assets 295,000 393,000
Inventories 2,089,000 2,114,000
Prepaid expenses and other current assets 991,000 276,000
Income tax receivable 155,000
Total current assets 32,988,000 31,704,000
Property and equipment, net 4,309,000 3,605,000
Finite-life intangible assets, net 611,000 663,000
Other assets 77,000 88,000
Deferred income taxes 1,034,000 1,049,000
Total assets 39,019,000 37,109,000
Current Liabilities    
Accounts payable 1,163,000 685,000
Accrued compensation 2,301,000 2,474,000
Income tax payable 288,000
Warranty reserve 938,000 940,000
Other accrued liabilities 564,000 252,000
Total current liabilities 4,966,000 4,639,000
Other long-term liabilities 43,000 54,000
Total liabilities 5,009,000 4,693,000
Shareholders’ Equity    
Common stock, $0.01 par value per share, 13,000,000 shares authorized; 8,508,788 and 8,533,209 shares issued and outstanding, respectively 85,000 85,000
Additional paid-in capital 18,042,000 17,409,000
Retained earnings 15,883,000 14,922,000
Total shareholders’ equity 34,010,000 32,416,000
Total liabilities and shareholders’ equity $ 39,019,000 $ 37,109,000