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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2020
Jun. 30, 2019
[1]
Current assets:    
Cash and cash equivalents $ 2,063,963 $ 2,228,282
Accounts receivable, less allowance for doubtful accounts of $8,758 and $2,617, respectively 3,553,376 3,655,143
Inventories, net 4,991,561 6,851,448
Prepaid expenses and other current assets 388,501 133,889
Income taxes receivable 10,234 45,660
Total current assets 11,007,635 12,914,422
Equipment and leasehold improvements, net 1,022,860 890,110
Other assets:    
Deferred income taxes 13,276
Operating lease right-of-use assets 2,649,823 2,847,846
Cash surrender value of life insurance 6,838,982 6,569,628
Total other assets 9,488,805 9,430,750
Total assets 21,519,300 23,235,282
Current liabilities:    
Accounts payable 409,081 1,436,373
Accrued liabilities 634,897 650,513
Deferred revenue 439,302 645,470
Operating lease liability 274,025 265,443
Total current liabilities 1,757,305 2,997,799
Long-term liabilities:    
Deferred compensation 2,344,478 2,419,962
Deferred revenue 165,226 163,018
Operating lease liability 2,375,797 2,582,402
Total long-term liabilities 4,885,501 5,165,382
Total liabilities 6,642,806 8,163,181
Stockholders' equity:    
Common stock, $0.005 par value, authorized 20,000,000 shares; issued and outstanding 7,404,831 37,024 37,024
Paid in capital 6,761,363 6,333,135
Retained earnings 8,078,107 8,701,942
Total stockholders' equity 14,876,494 15,072,101
Total liabilities and stockholders' equity $ 21,519,300 $ 23,235,282
[1] As adjusted for change in accounting principle (Note 2)