XML 70 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Income (USD $)
12 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Consolidated Statements of Income    
Net sales $ 27,444,223 $ 29,538,275
Cost of sales 17,423,851 18,451,673
Gross profit 10,020,372 11,086,602
Selling, general, and administrative expenses 9,213,433 9,860,964
Research and development expenses 992,729 1,120,887
Operating income (185,790) 104,751
Other income (expense):    
Interest income 44 681
Interest expense (231,865) (260,699)
Other income, net 20,446 24,142
Total other income (expense) (211,375) (235,876)
Loss before income tax benefit (397,165) (131,125)
Income tax benefit 126,023 86,754
Net loss $ (271,142) $ (44,371)
Basic and diluted net loss per common share $ (0.11) $ (0.02)
Weighted-average basic and diluted common shares outstanding 2,519,490 2,526,533