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Condensed Consolidated Statements of Income (USD $)
3 Months Ended 9 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Mar. 31, 2012
Mar. 31, 2011
Net sales $ 7,653,586 $ 8,383,842 $ 23,925,818 $ 24,502,477
Cost of sales 4,808,629 5,159,450 14,865,805 15,156,811
Gross profit 2,844,957 3,224,392 9,060,013 9,345,666
Selling, general, and administrative expenses 2,667,867 2,640,053 8,049,134 7,774,848
Research and development expenses 361,912 339,258 1,131,120 1,045,573
Operating income (loss) (184,822) 245,081 (120,241) 525,245
Interest income 98 10,735 15,613 14,889
Interest expense (65,068) (70,964) (194,659) (224,431)
Other income, net 4,352 9,985 20,097 21,912
Net other income (expense) (60,618) (50,244) (158,949) (187,630)
Income (loss) before income taxes (245,440) 194,837 (279,190) 337,615
Income tax benefit (provision) 127,877 (77,577) 139,701 (135,503)
Net income (loss) $ (117,563) $ 117,260 $ (139,489) $ 202,112
Basic and diluted net income (loss) per common share $ (0.01) $ 0.01 $ (0.01) $ 0.02
Basic 12,798,221 13,419,612 12,850,947 13,413,636
Diluted 12,798,221 13,457,483 12,850,947 13,428,338