XML 11 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2018
Jun. 30, 2018
CURRENT ASSETS    
Cash and Cash Equivalents $ 249,130 $ 2,129
Trade Receivables, Net of Allowance for Doubtful Accounts of $13,989 and $13,389, Respectively 187,218 135,331
Inventories:    
Finished Goods 18,669 208,254
Goods in Process 9,360 10,937
Raw Materials 89,173 74,267
Packaging Materials 135,889 152,184
Prepaid Expenses 44,523 12,225
Total Current Assets 733,962 595,327
PROPERTY AND EQUIPMENT    
Land 35,000 35,000
Buildings 77,348 77,348
Machinery and Equipment 851,791 851,791
Trucks and Autos 163,039 163,039
Office Equipment 33,025 33,025
Leasehold Improvements 72,068 72,068
Total 1,232,271 1,232,271
Less Accumulated Depreciation 1,025,520 997,091
Total Property and Equipment, Net 206,751 235,180
Total Assets 940,713 830,507
CURRENT LIABILITIES    
Accounts Payable 92,379 176,871
Current Maturities of Notes Payable 11,507 11,224
Accrued Expenses 7,089 30,852
Refund Liability Owed to Customers 37,624  
Deferred Income 1,299 1,299
Total Current Liabilities 149,898 220,246
LONG-TERM LIABILITIES    
Deferred Income 6,817 7,466
Notes Payable, Less Current Maturities 18,962 24,787
Deferred Income Taxes 3,400  
Total Long-Term Liabilities 29,179 32,253
Total Liabilities 179,077 252,499
COMMITMENTS AND CONTINGENCIES
Capital Stock Issued and Outstanding:    
Common Stock, $1 Par Value 969,834 969,834
Paid-In Capital in Excess of Par 3,134,722 3,134,722
Accumulated Deficit (5,704,360) (5,887,988)
Total Stockholders' Equity 761,636 578,008
Total Liabilities and Stockholders' Equity 940,713 830,507
Prior Cumulative Preferred Stock, $5 Par Value: | Series A    
Capital Stock Issued and Outstanding:    
Preferred stock, value 500,000 500,000
Prior Cumulative Preferred Stock, $5 Par Value: | Series B    
Capital Stock Issued and Outstanding:    
Preferred stock, value 500,000 500,000
Cumulative Preferred Stock, $20 Par Value: | Series A    
Capital Stock Issued and Outstanding:    
Preferred stock, value 1,170,660 1,170,660
Cumulative Preferred Stock, $20 Par Value: | Series B    
Capital Stock Issued and Outstanding:    
Preferred stock, value $ 190,780 $ 190,780