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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2016
Jun. 30, 2016
Current assets:    
Cash and cash equivalents $ 868,864 $ 966,183
Trade accounts receivable, less allowance for doubtful accounts of $413,195 as of September 30, 2016 and $389,050 as of June 30, 2016 3,455,396 3,523,731
Other receivables 5,905 10,946
Inventories, net 5,285,247 4,997,254
Prepaid expenses 295,086 256,735
Total current assets 9,910,498 9,754,849
Property and equipment, net 4,673,913 4,777,565
Intangible assets, net 152,453 160,123
Other assets 560,996 579,661
Total assets 15,297,860 15,272,198
Current liabilities:    
Current portion of long-term debt 132,219 137,283
Current portion of capital lease 185,876 183,302
Current portion of deferred gain 150,448 150,448
Warranty reserve 151,579 152,605
Accounts payable 2,755,230 1,914,342
Accrued expenses 161,412 358,287
Accrued payroll and benefits expense 761,897 1,034,688
Income tax payable 4,040 2,895
Total current liabilities 4,302,701 3,933,850
Long-term debt, net of current portion 506,282 553,191
Capital lease, net of current portion 3,234,101 3,281,547
Deferred gain, net of current portion 1,792,837 1,830,449
Deferred rent 95,330 85,151
Total liabilities 9,931,251 9,684,188
Commitments and contingencies
Stockholders' equity:    
Preferred stock, no par value: Authorized 5,000,000 shares; 1,610,000 shares issued and outstanding as of September 30, 2016 and June 30, 2016, respectively 3,708,152 3,708,152
Common stock, no par value: Authorized 50,000,000 shares; 2,846,678 shares and 2,805,280 shares issued and outstanding as of September 30, 2016 and June 30, 2016, respectively 7,699,097 7,545,880
Accumulated deficit (6,040,640) (5,666,022)
Total stockholders' equity 5,366,609 5,588,010
Total liabilities and stockholders' equity $ 15,297,860 $ 15,272,198