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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2023
Jun. 30, 2023
Current assets:    
Cash and cash equivalents $ 432,689 $ 398,797
Restricted cash 154,073 154,073
Trade accounts receivable, less allowance for doubtful accounts of $136,019 and $131,403 as of September 30, 2023 and June 30, 2023, respectively 4,259,815 3,721,677
Other receivables 215,636 39,678
Inventories, net 6,838,485 7,403,194
Prepaid expenses 1,323,806 701,456
Total current assets 13,224,504 12,418,875
Property and equipment, net 2,317,133 2,448,282
Operating lease assets 3,401,800 3,631,780
Intangible assets, net 3,463,700 3,618,275
Goodwill 7,116,614 7,116,614
Other assets 823,418 829,049
Total assets 30,347,169 30,062,875
Current liabilities:    
Accounts payable 3,872,780 4,529,703
Accrued payroll and benefits expense 488,295 877,781
Accrued expense 1,067,471 891,467
Warranty reserve 115,637 115,637
Line of credit 1,803,906 0
Current portion of finance lease liability 290,555 286,522
Current portion of deferred gain 150,448 150,448
Current portion of operating lease liability 1,100,653 1,075,690
Other liabilities 13,746 13,744
Total current liabilities 8,903,491 7,940,992
Finance lease liability, net of current portion 1,657,700 1,731,868
Deferred gain, net of current portion 739,702 777,314
Operating lease liability, net of current portion 2,301,147 2,554,450
Other liabilities 200,084 201,725
Total liabilities 13,802,124 13,206,349
Commitments and contingencies
Stockholders' equity:    
Preferred stock, no par value: Authorized 50,000,000 shares; 3,351,000 shares issued and outstanding as of September 30, 2023 and June 30, 2023, respectively 7,980,788 7,980,788
Common stock, no par value: Authorized 100,000,000 shares; 4,260,039 shares and 4,044,984 shares issued and outstanding as of September 30, 2023 and June 30, 2023, respectively 34,571,547 34,355,315
Accumulated deficit (26,007,290) (25,479,577)
Total stockholders' equity 16,545,045 16,856,526
Total liabilities and stockholders' equity $ 30,347,169 $ 30,062,875