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Condensed Consolidated Balance Sheets - USD ($)
Dec. 31, 2016
Jun. 30, 2016
Current assets:    
Cash and cash equivalents $ 1,665,739 $ 966,183
Trade accounts receivable, less allowance for doubtful accounts of $437,123 as of December 31, 2016 and $389,050 as of June 30, 2016 3,384,968 3,523,731
Other receivables 39,501 10,946
Inventories, net 5,584,635 4,997,254
Prepaid expenses 430,751 256,735
Total current assets 11,105,594 9,754,849
Property and equipment, net 4,569,570 4,777,565
Intangible assets, net 144,783 160,123
Other assets 538,891 579,661
Total assets 16,358,838 15,272,198
Current liabilities:    
Current portion of long-term debt 134,351 137,283
Current portion of capital lease 188,487 183,302
Current portion of deferred gain 150,448 150,448
Warranty reserve 151,579 152,605
Accounts payable 2,792,693 1,914,342
Accrued expenses 286,460 358,287
Accrued payroll and benefits expense 894,743 1,034,688
Income tax payable 3,961 2,895
Total current liabilities 4,602,722 3,933,850
Long-term debt, net of current portion 471,884 553,191
Capital lease, net of current portion 3,185,989 3,281,547
Deferred gain, net of current portion 1,755,225 1,830,449
Deferred rent 104,417 85,151
Total liabilities 10,120,237 9,684,188
Commitments and contingencies
Stockholders' equity:    
Preferred stock, no par value: Authorized 50,000,000 shares; 2,000,000 shares and 1,610,000 shares issued and outstanding as of December 31, 2016 and June 30, 2016, respectively 4,636,706 3,708,152
Common stock, no par value: Authorized 100,000,000 shares; 2,882,272 shares and 2,805,280 shares issued and outstanding as of December 31, 2016 and June 30, 2016, respectively 7,826,646 7,545,880
Accumulated deficit (6,224,751) (5,666,022)
Total stockholders' equity 6,238,601 5,588,010
Total liabilities and stockholders' equity $ 16,358,838 $ 15,272,198