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Balance Sheets - USD ($)
Jun. 30, 2024
Jun. 30, 2023
Current Assets    
Cash and cash equivalents $ 16,080,000 $ 7,372,000
Accounts receivable (net of allowances for credit losses of $45,000) 23,333,000 24,130,000
Contract assets 719,000 487,000
Inventories 3,712,000 4,221,000
Prepaid expenses and other current assets 329,000 1,577,000
Total current assets 44,173,000 37,787,000
Property and equipment, net 5,165,000 5,672,000
Finite-life intangible assets, net 657,000 605,000
Other assets 87,000 161,000
Deferred income taxes 2,152,000 1,581,000
Total assets 52,234,000 45,806,000
Current Liabilities    
Accounts payable 1,010,000 1,372,000
Accrued compensation 3,893,000 3,018,000
Income tax payable 277,000 336,000
Warranty reserve 1,567,000 1,378,000
Other accrued liabilities 930,000 1,949,000
Total current liabilities 7,677,000 8,053,000
Other long-term liabilities 12,000 86,000
Total liabilities 7,689,000 8,139,000
Shareholders’ Equity    
Common stock, $0.01 par value, 13,000,000 shares authorized; 8,637,883 and 8,555,236 issued and outstanding, as of June 30, 2024 and June 30, 2023, respectively 87,000 86,000
Additional paid-in capital 20,790,000 18,788,000
Retained earnings 23,668,000 18,793,000
Total shareholders’ equity 44,545,000 37,667,000
Total liabilities and shareholders’ equity $ 52,234,000 $ 45,806,000