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CONDENSED BALANCE SHEETS (USD $)
Sep. 30, 2014
Jun. 30, 2014
CURRENT ASSETS    
Cash and cash equivalents $ 677,149 $ 480,107
Accounts receivable 244,602 1,259,294
Inventories 2,130,208 1,960,564
Prepaid expenses and other current assets 39,161 57,194
TOTAL CURRENT ASSETS 3,091,120 3,757,159
PLANT, PROPERTY AND EQUIPMENT:    
Land and improvements 651,015 651,015
Building and improvements 1,948,165 1,948,165
Machinery and equipment 3,302,277 3,301,053
Furniture and fixtures 268,700 268,700
Property, Plant And Equipment, gross 6,170,157 6,168,933
Less accumulated depreciation 5,320,454 5,312,129
Property, Plant And Equipment, net 849,703 856,804
DEFERRED COSTS 65,095 65,095
TOTAL ASSETS 4,005,918 4,679,058
CURRENT LIABILITIES:    
Notes payable - Current portion 0 500,000
Trade accounts payable 147,089 370,213
Accrued expenses and other liabilities 456,938 377,944
Accrued compensation and benefits payable 163,638 120,685
Accrued pension costs 153,425 188,018
TOTAL CURRENT LIABILITIES 921,090 1,556,860
LONG-TERM PENSION LIABILITY 934,434 965,642
TOTAL LIABILITIES 1,855,524 2,522,502
STOCKHOLDERS' EQUITY:    
Preferred stock, par value $1.00; authorized 250,000 shares, issued and outstanding - none 0 0
Common stock, par value $.01; authorized 3,000,000 shares; 1,693,397 shares issued and 1,362,031 shares outstanding at September 30, 2014 and June 30, 2014 16,934 16,934
Additional paid-in capital 2,882,842 2,882,842
Retained earnings 513,318 550,688
Accumulated other comprehensive loss (775,672) (806,880)
Stockholders Equity before treasury stock 2,637,422 2,643,584
Less: Treasury stock 331,366 shares at cost (487,028) (487,028)
TOTAL STOCKHOLDERS' EQUITY 2,150,394 2,156,556
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 4,005,918 $ 4,679,058