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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2024
Jun. 30, 2023
Current assets:    
Cash and cash equivalents $ 441,545 $ 398,797
Restricted cash 154,073 154,073
Trade accounts receivable, less allowance for doubtful accounts of $59,404 and $131,403 as of March 31, 2024 and June 30, 2023, respectively 3,716,298 3,721,677
Other receivables 478,182 39,678
Inventories, net 6,183,992 7,403,194
Prepaid expenses 1,034,521 701,456
Total current assets 12,008,611 12,418,875
Property and equipment, net 2,129,496 2,448,282
Operating lease assets 2,859,912 3,631,780
Intangible assets, net 3,154,550 3,618,275
Goodwill 7,116,614 7,116,614
Other assets 495,519 829,049
Total assets 27,764,702 30,062,875
Current liabilities:    
Accounts payable 3,571,305 4,529,703
Accrued payroll and benefits expense 439,321 877,781
Accrued expense 759,497 891,467
Warranty reserve 123,860 115,637
Line of credit 2,352,038 0
Current portion of finance lease liability 298,793 286,522
Current portion of deferred gain 150,448 150,448
Current portion of operating lease liability 886,388 1,075,690
Other liabilities 0 13,744
Total current liabilities 8,581,650 7,940,992
Finance lease liability, net of current portion 1,506,215 1,731,868
Deferred gain, net of current portion 664,478 777,314
Operating lease liability, net of current portion 1,973,524 2,554,450
Other liabilities 193,268 201,725
Total liabilities 12,919,135 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 March 31, 2024 and June 30, 2023, respectively 7,980,788 7,980,788
Common stock, no par value: Authorized 100,000,000 shares; 4,882,375 shares and 4,044,984 shares issued and outstanding as of March 31, 2024 and June 30, 2023, respectively 34,926,119 34,355,315
Accumulated deficit (28,061,340) (25,479,577)
Total stockholders' equity 14,845,567 16,856,526
Total liabilities and stockholders' equity $ 27,764,702 $ 30,062,875