XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.0.1
Condensed Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Jun. 30, 2021
Current assets:    
Cash and cash equivalents $ 7,788,804 $ 6,950,215
Accounts receivable, less allowance for doubtful accounts of $5,736 and $41,499, respectively 1,458,066 2,240,785
Life insurance receivable 2,007,769  
Inventories, net 7,746,449 5,901,512
Prepaid expenses and other current assets 470,561 456,004
Total current assets 19,471,649 15,548,516
Equipment and leasehold improvements, net 1,195,240 1,281,180
Other assets:    
Operating lease right-of-use assets 2,162,513 2,305,455
Cash surrender value of life insurance 5,701,844 7,188,994
Total other assets 7,864,357 9,494,449
Total assets 28,531,246 26,324,145
Current liabilities:    
Accounts payable 866,195 398,433
Accrued liabilities 751,643 665,567
Deferred revenue 606,794 694,632
Operating lease liability 295,144 288,949
Income taxes payable 6,605 4,543
Total current liabilities 2,526,381 2,052,124
Long-term liabilities:    
Deferred compensation 2,264,909 2,491,482
Deferred revenue 164,745 188,932
Operating lease liability 1,867,369 2,016,506
Total long-term liabilities 4,297,023 4,696,920
Total liabilities 6,823,404 6,749,044
Stockholders' equity:    
Common stock, $0.005 par value, authorized 20,000,000 shares; issued and outstanding 9,137,795 and 8,608,706, respectively 45,739 43,044
Paid in capital 12,452,554 10,802,118
Retained earnings 9,209,549 8,729,939
Total stockholders' equity 21,707,842 19,575,101
Total liabilities and stockholders' equity $ 28,531,246 $ 26,324,145