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Condensed Consolidated Statements of Income (USD $)
3 Months Ended 6 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2011
Dec. 31, 2010
Net sales $ 8,275,430 $ 8,199,347 $ 16,272,232 $ 16,118,635
Cost of sales 5,062,472 5,029,906 10,057,176 9,997,361
Gross profit 3,212,958 3,169,441 6,215,056 6,121,274
Selling, general, and administrative expenses 2,686,401 2,634,278 5,381,268 5,134,795
Research and development expenses 412,861 356,519 769,208 706,315
Operating income 113,696 178,644 64,580 280,164
Interest income 14,600 3,182 15,515 4,154
Interest expense (66,354) (75,798) (129,591) (153,467)
Other income, net 10,237 7,012 15,746 11,926
Net other income (expense) (41,517) (65,604) (98,330) (137,387)
Income (loss) before income tax provision 72,179 113,040 (33,750) 142,777
Income tax benefit (provision) (25,845) (45,201) 11,824 (57,926)
Net income (loss) $ 46,334 $ 67,839 $ (21,926) $ 84,851
Basic and diluted net income (loss) per common share $ 0.00 $ 0.01 $ 0.00 $ 0.01
Basic 12,792,666 13,439,637 12,877,024 13,442,958
Diluted 12,832,290 13,444,000 12,877,024 13,450,878