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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating activities:    
Net (loss) income $ (465,597) $ 305,989 [1],[2],[3]
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Provision for doubtful accounts 56,386 23,422 [1]
Depreciation of equipment and leasehold improvements 330,629 429,750 [1]
Stock-based compensation expense 549,594 515,681 [1]
Deferred income taxes 13,276 (13,276) [1]
Change in cash surrender value of life insurance (194,083) (72,019) [1]
Change in deferred compensation accrual 63,520 175,953 [1]
Deferred compensation paid (150,000) (150,000) [1]
Net changes in operating assets and liabilities:    
Accounts receivable 1,281,693 1,031,180 [1]
Inventories 1,312,654 (712,769) [1]
Prepaid expenses and other current assets (133,758) 72,887 [1]
Income taxes receivable 31,038 (13,285) [1]
Accounts payable (608,668) 6,882 [1]
Accrued liabilities (70,414) (138,448) [1]
Deferred revenue (214,568) (50,882) [1]
Net cash provided by operating activities 1,801,702 1,411,065 [1]
Investing activities:    
Purchase of equipment and leasehold improvements (424,159) (187,756) [1]
Life insurance premiums paid (113,116) (123,237) [1]
Net cash (used in) investing activities (537,275) (310,993) [1]
Financing activities:    
Proceeds from SBA loan 506,700 [1]
Proceeds from exercise of stock options 46,677 [1]
Net cash provided by financing activities 506,700 46,677 [1]
Net increase in cash and cash equivalents 1,771,127 1,146,749 [1]
Cash and cash equivalents at beginning of year [1] 2,228,282 1,081,533
Cash and cash equivalents at end of year $ 3,999,409 $ 2,228,282 [1]
[1] As adjusted for change in accounting policy (Note 3)
[2] As adjusted for change in accounting policy (Note 3)
[3] As adjusted for change in accounting policy (Note 3)