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Condensed Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2022
Jun. 30, 2022
Current Assets    
Cash and cash equivalents $ 5,998,000 $ 8,153,000
Accounts receivable (net of allowances for doubtful accounts of $45,000) 20,957,000 21,052,000
Contract assets 453,000 286,000
Inventories 3,673,000 3,178,000
Prepaid expenses and other current assets 2,015,000 1,870,000
Income taxes receivable 124,000
Total current assets 33,220,000 34,539,000
Property and equipment, net 4,682,000 4,568,000
Finite-life intangible assets, net 600,000 599,000
Other assets 100,000 120,000
Deferred income taxes 1,532,000 1,538,000
Total assets 40,134,000 41,364,000
Current Liabilities    
Accounts payable 1,265,000 1,261,000
Accrued compensation 1,610,000 2,742,000
Income tax payable 51,000
Warranty reserve 1,354,000 1,256,000
Other accrued liabilities 1,724,000 1,840,000
Total current liabilities 5,953,000 7,150,000
Other long-term liabilities 37,000 41,000
Total liabilities 5,990,000 7,191,000
Shareholders’ Equity    
Common stock, $0.01 par value per share, 13,000,000 shares authorized; 8,485,864 and 8,475,438 shares issued and outstanding, as of September 30, 2022 and June 30, 2022, respectively 85,000 85,000
Additional paid-in capital 18,343,000 18,308,000
Retained earnings 15,716,000 15,780,000
Total shareholders’ equity 34,144,000 34,173,000
Total liabilities and shareholders’ equity $ 40,134,000 $ 41,364,000