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Consolidated Balance Sheets - USD ($)
Sep. 30, 2015
Jun. 30, 2015
Current assets:    
Cash and cash equivalents $ 2,080,775 $ 3,925,967
Trade accounts receivable, less allowance for doubtful accounts of $423,076 as of September 30, 2015 and $417,444 as of June 30, 2015 3,172,939 3,346,770
Other receivables 8,533 6,748
Inventories, net 5,465,667 5,421,787
Prepaid expenses and other 358,928 273,629
Prepaid income taxes 334,508 338,108
Total current assets 11,421,350 13,313,009
Property and equipment, net 4,919,640 5,025,076
Intangible assets, net 183,133 190,803
Other assets 603,185 623,342
Total assets 17,127,308 19,152,230
Current liabilities:    
Current portion of long-term debt 123,588 121,884
Current portion of capital lease 175,792 173,357
Current portion of deferred gain 150,448 150,448
Line of credit 717,819 1,909,919
Warranty reserve 153,650 153,185
Accounts payable 1,955,898 2,520,327
Accrued expenses 159,468 279,547
Accrued payroll and benefits expense 384,656 263,092
Total current liabilities 3,821,319 5,571,759
Long-term debt, net of current portion 619,514 651,118
Capital lease, net of current portion 3,419,978 3,464,850
Deferred gain, net of current portion 1,943,285 1,980,897
Deferred rent 52,957 41,150
Deferred income tax liabilities 130,478 136,128
Total liabilities $ 9,987,531 $ 11,845,902
Commitments and contingencies
Stockholders' equity:    
Preferred stock, no par value: Authorized 5,000,000 shares; 1,610,000 shares issued and outstanding at September 30, 2015 and June 30, 2015, respectively $ 3,087,554 $ 3,087,554
Common stock, no par value: Authorized 50,000,000 shares; 2,643,583 shares and 2,642,389 shares issued and outstanding at September 30, 2015 and June 30, 2015, respectively 7,625,255 7,610,244
Accumulated deficit (3,573,032) (3,391,470)
Total stockholders' equity 7,139,777 7,306,328
Total liabilities and stockholders' equity $ 17,127,308 $ 19,152,230