XML 14 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Income - USD ($)
3 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Condensed Consolidated Statements of Income    
Net sales $ 8,162,734 $ 7,397,196
Cost of sales 5,368,046 4,886,367
Gross profit 2,794,688 2,510,829
Selling, general, and administrative expenses 2,764,357 2,355,655
Research and development expenses 278,885 265,361
Operating loss (248,554) (110,187)
Other income (expense):    
Interest income 222 614
Interest expense (59,542) (80,243)
Other income, net 22,241 2,604
Net other expense (37,079) (77,025)
Loss before income taxes (285,633) (187,212)
Income tax (provision) benefit   5,650
Net loss (285,633) (181,562)
8% Convertible preferred stock dividend (88,985) (80,500)
Net loss attributable to common stockholders $ (374,618) $ (262,062)
Basic and diluted net loss per common share $ (0.13) $ (0.10)
Weighted-average common shares outstanding:    
Basic 2,841,486 2,643,297
Diluted 2,841,486 2,643,297