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Consolidated Balance Sheets - USD ($)
Jun. 30, 2015
Jun. 30, 2014
Current assets:    
Cash and cash equivalents $ 3,925,967 $ 332,800
Trade accounts receivable, less allowance for doubtful accounts of $325,355 as of June 30, 2014 and $247,708 as of June 30, 2013 3,346,770 3,165,396
Other receivables 6,748 15,594
Inventories, net 5,421,787 6,157,848
Prepaid expenses and other 273,629 298,370
Prepaid income taxes 338,108  
Current portion of deferred income tax assets   408,919
Total current assets 13,313,009 10,378,927
Property and equipment, net 5,025,076 2,980,677
Intangible assets, net 190,803 235,440
Other assets 623,342 396,456
Deferred income tax assets, net of current portion   303,644
Total assets 19,152,230 14,295,144
Current liabilities:    
Current portion of long-term debt 121,884 302,274
Current portion of capital lease 173,357  
Current portion of deferred gain 150,448  
Line of credit 1,909,919 3,521,209
Warranty reserve 153,185 157,753
Accounts payable 2,520,327 2,433,534
Accrued expenses 279,547 342,716
Accrued payroll and benefits expense 263,092 243,394
Income tax payable   30,452
Total current liabilities 5,571,759 7,031,332
Long-term debt, net of current portion 651,118 1,255,133
Capital lease, net of current portion 3,464,850  
Deferred gain, net of current portion 1,980,897  
Deferred rent 41,150  
Deferred income tax liabilities 136,128  
Total liabilities $ 11,845,902 $ 8,286,465
Commitments and contingencies
Stockholders' equity:    
Preferred stock, no par value: Authorized 5,000,000 shares; 1,610,000 shares issued and outstanding at June 30, 2015 $ 3,087,554  
Common stock, no par value: Authorized 50,000,000 shares; 2642,389 shares and 2,520,389 shares issued and outstanding at June 30, 2015 and 2014, respectively 7,610,244 $ 7,149,812
Accumulated deficit (3,391,470) (1,141,133)
Total stockholders' equity 7,306,328 6,008,679
Total liabilities and stockholders' equity $ 19,152,230 $ 14,295,144