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Consolidated Balance Sheets - USD ($)
Jun. 30, 2016
Jun. 30, 2015
Current assets:    
Cash and cash equivalents $ 966,183 $ 3,925,967
Trade accounts receivable, less allowance for doubtful accounts of $389,050 as of June 30, 2016 and $417,444 as of June 30, 2015 3,523,731 3,346,770
Other receivables 10,946 6,748
Inventories, net 4,997,254 5,421,787
Prepaid expenses 256,735 273,629
Prepaid income taxes   338,108
Total current assets 9,754,849 13,313,009
Property and equipment, net 4,777,565 5,025,076
Intangible assets, net 160,123 190,803
Other assets 580,161 623,342
Total assets 15,272,698 19,152,230
Current liabilities:    
Current portion of long-term debt 137,283 121,884
Current portion of capital lease 183,302 173,357
Current portion of deferred gain 150,448 150,448
Line of credit   1,909,919
Warranty reserve 152,605 153,185
Accounts payable 1,914,342 2,520,327
Accrued expenses 358,787 279,547
Accrued payroll and benefits expense 1,034,688 263,092
Income tax payable 2,895  
Total current liabilities 3,934,350 5,571,759
Long-term debt, net of current portion 553,191 651,118
Capital lease, net of current portion 3,281,547 3,464,850
Deferred gain, net of current portion 1,830,449 1,980,897
Deferred rent 85,151 41,150
Deferred income tax liabilities   136,128
Total liabilities 9,684,688 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 June 30, 2016 and June 30, 2015, respectively 3,708,152 3,728,098
Common stock, no par value: Authorized 50,000,000 shares; 2,805,280 shares and 2,642,389 shares issued and outstanding at June 30, 2016 and June 30, 2015, respectively 7,545,880 6,969,700
Accumulated deficit (5,666,022) (3,391,470)
Total stockholders' equity 5,588,010 7,306,328
Total liabilities and stockholders' equity $ 15,272,698 $ 19,152,230