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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2017
Jun. 30, 2017
Current assets:    
Cash and cash equivalents $ 5,548,214 $ 254,705
Trade accounts receivable, less allowance for doubtful accounts of $373,215 as of September 30, 2017 and $382,333 as of June 30, 2017 5,842,362 5,281,348
Other receivables 134,302 33,388
Inventories, net 7,154,398 7,397,682
Prepaid expenses 592,705 503,800
Total current assets 19,271,981 13,470,923
Property and equipment, net 4,861,743 4,973,477
Intangible assets, net 2,682,835 2,754,118
Goodwill 4,302,486 4,302,486
Other assets 629,265 562,873
Total assets 31,748,310 26,063,877
Current liabilities:    
Accounts payable 3,173,001 2,334,563
Accrued payroll and benefits expense 1,292,281 1,472,773
Accrued expenses 592,269 656,839
Income tax payable 9,590 8,438
Warranty reserve 202,000 202,000
Line of credit 7,103,426 2,171,935
Current portion of long-term debt 155,462 151,808
Current portion of capital lease 196,540 193,818
Current portion of deferred gain 150,448 150,448
Current portion of acquisition holdback 294,744 294,744
Total current liabilities 13,169,761 7,637,366
Long-term debt, net of current portion 422,666 461,806
Capital lease, net of current portion 3,037,562 3,087,729
Deferred gain, net of current portion 1,642,389 1,680,001
Acquisition holdback, net of current portion 750,000 750,000
Deferred rent 131,109 122,585
Total liabilities 19,153,487 13,739,487
Commitments and contingencies
Stockholders' equity:    
Preferred stock, no par value: Authorized 50,000,000 shares; 3,484,000 shares and 3,559,000 shares issued and outstanding as of September 30, 2017 and June 30, 2017, respectively 8,313,795 8,501,295
Common stock, no par value: Authorized 100,000,000 shares; 4,812,589 shares and 4,653,165 shares issued and outstanding as of September 30, 2017 and June 30, 2017, respectively 12,284,369 11,838,022
Accumulated deficit (8,003,341) (8,014,927)
Total stockholders' equity 12,594,823 12,324,390
Total liabilities and stockholders' equity $ 31,748,310 $ 26,063,877