CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2017	Jun. 30, 2017
Current assets:
Cash and cash equivalents	$ 459,767	$ 432,283
Accounts receivable, less allowance for doubtful accounts of $52,938 and $55,872, respectively	3,685,763	3,931,541
Inventories	7,435,010	8,345,343
Prepaid expenses and other current assets	276,859	206,395
Income taxes receivable	31,989	32,814
Total current assets	11,889,388	12,948,376
Equipment and leasehold improvements, net	1,374,319	1,408,091
Other assets:
Deferred income taxes	0	3,042,257
Cash surrender value of life insurance	6,328,040	6,024,929
Total other assets	6,328,040	9,067,186
Total assets	19,591,747	23,423,653
Current liabilities:
Accounts payable	1,243,835	2,243,110
Accrued liabilities	1,061,715	1,149,395
Total current liabilities	2,305,550	3,392,505
Long-term liabilities:
Deferred compensation	2,311,230	2,294,418
Other liabilities	157,044	164,418
Total long-term liabilities	2,468,274	2,458,836
Total liabilities	4,773,824	5,851,341
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	5,586,542	5,420,710
Retained earnings	9,194,467	12,114,688
Total stockholders' equity	14,817,923	17,572,312
Total liabilities and stockholders' equity	$ 19,591,747	$ 23,423,653

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.