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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2022
Jun. 30, 2021
Current Assets:    
Cash and cash equivalents $ 4,761,000 $ 3,721,000
Investments 1,129,000 1,295,000
Accounts receivable, net of allowance for doubtful accounts of $0 and $2 at March 31, 2022 and at June 30, 2021, respectively 8,680,000 10,933,000
Deferred costs 341,000 193,000
Inventory 11,866,000 8,437,000
Prepaid expenses and other current assets 1,322,000 434,000
Total current assets 28,099,000 25,013,000
Land and building, net 6,366,000 6,437,000
Equipment and leasehold improvements, net 4,635,000 3,845,000
Right of use asset, net 2,339,000 2,605,000
Intangibles, net 162,000 186,000
Deferred income taxes, net 463,000 463,000
Investments 1,778,000 1,704,000
Other assets 42,000 67,000
Total assets 43,884,000 40,320,000
Current Liabilities:    
Accounts payable 3,533,000 2,288,000
Accrued expenses 1,652,000 2,198,000
Deferred revenue 896,000 150,000
Note payable 1,642,000 1,236,000
Total current liabilities 7,723,000 5,872,000
Lease liability, net of current portion 2,151,000 2,432,000
Income taxes payable 1,164,000 397,000
Notes payable, net of current portion 10,575,000 11,535,000
Total non-current liabilities 13,890,000 14,364,000
Total liabilities 21,613,000 20,236,000
Shareholders’ equity:    
Common shares; no par value; 50,000,000 shares authorized; 3,618,663 and 3,645,660 shares issued and outstanding at March 31, 2022 and June 30, 2021, respectively 7,690,000 7,953,000
Retained earnings 14,581,000 12,131,000
Total shareholders’ equity 22,271,000 20,084,000
Total liabilities and shareholders’ equity $ 43,884,000 $ 40,320,000