COMPOSITION OF CERTAIN FINANCIAL STATEMENT ITEMS

6 Months Ended

Dec. 31, 2013

Organization, Consolidation and Presentation of Financial Statements [Abstract]

COMPOSITION OF CERTAIN FINANCIAL STATEMENT ITEMS

NOTE 2. COMPOSITION OF CERTAIN FINANCIAL STATEMENT ITEMS

Inventories

Inventories are stated at the lower of cost (first-in, first-out) or market and consist of the following:

	December 31, 2013		June 30, 2013
Raw materials / purchased components	$	1,538,000	$	1,640,000
Work in process		499,000		572,000
Sub-assemblies / Finished components		1,139,000		1,291,000
Finished goods		376,000		331,000
Total inventories	$	3,552,000	$	3,834,000

Investments

	December 31, 2013		June 30, 2013
Marketable equity securities	$	903,000	$	370,000

Investments at December 31, 2013 and June 30, 2013 had an aggregate cost basis of $694,000 and $365,000, respectively, gross unrealized gains aggregating $209,000 and $5,000, respectively, and no unrealized losses.