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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2017
Jun. 30, 2016
Current assets:    
Cash and cash equivalents $ 3,352,694 $ 966,183
Trade accounts receivable, less allowance for doubtful accounts of $459,700 as of March 31, 2017 and $389,050 as of June 30, 2016 2,925,080 3,523,731
Other receivables 29,793 10,946
Inventories, net 5,783,327 4,997,254
Prepaid expenses 221,013 256,735
Prepaid income taxes 1,072  
Total current assets 12,312,979 9,754,849
Property and equipment, net 4,578,087 4,777,565
Intangible assets, net 137,113 160,123
Other assets 693,408 580,161
Total assets 17,721,587 15,272,698
Current liabilities:    
Current portion of long-term debt 150,894 137,283
Current portion of capital lease 191,134 183,302
Current portion of deferred gain 150,448 150,448
Line of credit 2,540,073  
Warranty reserve 153,042 152,605
Accounts payable 2,489,795 1,914,342
Accrued expenses 322,373 358,787
Accrued payroll and benefits expense 537,056 1,034,688
Income tax payable   2,895
Total current liabilities 6,534,815 3,934,350
Long-term debt, net of current portion 497,019 553,191
Capital lease, net of current portion 3,137,202 3,281,547
Deferred gain, net of current portion 1,717,613 1,830,449
Deferred rent 113,501 85,151
Total liabilities 12,000,150 9,684,688
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 March 31, 2017 and June 30, 2016, respectively 4,636,706 3,708,152
Common stock, no par value: Authorized 100,000,000 shares; 3,047,345 shares and 2,805,280 shares issued and outstanding as of March 31, 2017 and June 30, 2016, respectively 8,174,434 7,545,880
Accumulated deficit (7,089,703) (5,666,022)
Total stockholders' equity 5,721,437 5,588,010
Total liabilities and stockholders' equity $ 17,721,587 $ 15,272,698