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Consolidated Balance Sheets - USD ($)
Dec. 31, 2015
Jun. 30, 2015
Current assets:    
Cash and cash equivalents $ 2,134,140 $ 3,925,967
Trade accounts receivable, less allowance for doubtful accounts of $446,867 as of December 31, 2015 and $417,444 as of June 30, 2015 3,016,545 3,346,770
Other receivables 8,088 6,748
Inventories, net 5,470,960 5,421,787
Prepaid expenses and other 331,125 273,629
Prepaid income taxes 340,908 338,108
Total current assets 11,301,766 13,313,009
Property and equipment, net 4,808,736 5,025,076
Intangible assets, net 175,463 190,803
Other assets 580,222 623,342
Total assets 16,866,187 19,152,230
Current liabilities:    
Current portion of long-term debt 125,458 121,884
Current portion of capital lease 178,260 173,357
Current portion of deferred gain 150,448 150,448
Line of credit 733,316 1,909,919
Warranty reserve 154,015 153,185
Accounts payable 1,844,032 2,520,327
Accrued expenses 273,385 279,547
Accrued payroll and benefits expense 330,134 263,092
Total current liabilities 3,789,048 5,571,759
Long-term debt, net of current portion 587,413 651,118
Capital lease, net of current portion 3,374,476 3,464,850
Deferred gain, net of current portion 1,905,673 1,980,897
Deferred rent 63,688 41,150
Deferred income tax liabilities 136,128 136,128
Total liabilities $ 9,856,426 $ 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 December 31, 2015 and June 30, 2015, respectively $ 3,067,608 $ 3,087,554
Common stock, no par value: Authorized 50,000,000 shares; 2,672,652 shares and 2,642,389 shares issued and outstanding at December 31, 2015 and June 30, 2015, respectively 7,639,866 7,610,244
Accumulated deficit (3,697,713) (3,391,470)
Total stockholders' equity 7,009,761 7,306,328
Total liabilities and stockholders' equity $ 16,866,187 $ 19,152,230