XML 16 R3.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2016
Jun. 30, 2015
Current assets:    
Cash and cash equivalents $ 735,393 $ 1,000,266
Accounts receivable, less allowance for doubtful accounts of $55,175 and $26,052, respectively 3,530,854 2,823,980
Inventories 8,595,485 7,182,440
Prepaid expenses and other current assets 281,099 348,044
Income taxes receivable 583,507 205,531
Total current assets 13,726,338 11,560,261
Equipment and leasehold improvements, net 1,514,472 1,592,520
Other assets:    
Deferred income taxes 3,212,556 3,914,569
Cash surrender value of life insurance 5,667,105 5,359,663
Total other assets 8,879,661 9,274,232
Total assets 24,120,471 22,427,013
Current liabilities:    
Accounts payable 1,966,656 2,172,254
Accrued liabilities 1,601,652 1,575,027
Total current liabilities 3,568,308 3,747,281
Long-term liabilities:    
Deferred compensation 2,187,714 2,107,486
Other liabilities 178,255 219,227
Total long-term liabilities 2,365,969 2,326,713
Total liabilities 5,934,277 6,073,994
Stockholders' equity:    
Common stock, $0.005 par value, authorized 20,000,000 shares; issued and outstanding 7,382,706 shares 36,914 36,914
Paid in capital 5,070,956 4,626,781
Retained earnings 13,078,324 11,689,324
Total stockholders' equity 18,186,194 16,353,019
Total liabilities and stockholders' equity $ 24,120,471 $ 22,427,013