XML 13 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Balance Sheets - USD ($)
Jun. 30, 2022
Jun. 30, 2021
Current assets:    
Cash and cash equivalents $ 9,208,170 $ 6,950,215
Accounts receivable, less allowance for doubtful accounts of $2,027 and $41,500, respectively 1,846,620 2,240,785
Inventories 8,631,362 5,901,512
Prepaid expenses and other current assets 188,478 456,004
Total current assets 19,874,630 15,548,516
Equipment and leasehold improvements, net 1,088,017 1,281,180
Other assets:    
Operating lease right-of-use assets 3,247,725 2,305,455
Cash surrender value of life insurance 5,744,724 7,188,994
Total other assets 8,992,449 9,494,449
Total assets 29,955,096 26,324,145
Current liabilities:    
Accounts payable 796,163 398,433
Accrued liabilities 560,356 665,567
Deferred revenue 543,891 694,632
Operating lease liability 223,530 288,949
Income taxes payable 3,033 4,543
Total current liabilities 2,126,973 2,052,124
Long-term liabilities:    
Deferred compensation 1,937,229 2,491,482
Deferred revenue 169,210 188,932
Operating lease liability 3,024,195 2,016,506
Total long-term liabilities 5,130,634 4,696,920
Total liabilities 7,257,607 6,749,044
Stockholders' equity:    
Common stock, $0.005 par value, authorized 20,000,000 shares; issued and outstanding 9,147,795 and 8,608,706 shares, respectively 45,739 43,044
Paid in capital 12,653,402 10,802,118
Retained earnings 9,998,348 8,729,939
Total stockholders' equity 22,697,489 19,575,101
Total liabilities and stockholders' equity $ 29,955,096 $ 26,324,145