XML 12 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Balance Sheets - USD ($)
Jun. 30, 2016
Jun. 30, 2015
CURRENT ASSETS    
Cash $ 59,173 $ 204,227
Certificates of Deposit, plus accrued interest 151,995 157,672
Accounts Receivable, less allowance for doubtful accounts of $2,665 and $14,405 respectively. 538,202 260,077
Other Receivables 150,000
Inventories 688,691 434,476
Prepaid Expenses 165,207 197,969
Deferred Tax Asset 128,529 98,354
TOTAL CURRENT ASSETS 1,881,797 1,352,775
CERTIFICATES OF DEPOSIT, PLUS ACCRUED INTEREST 140,563
PROPERTY AND EQUIPMENT, NET 540,603 496,869
OTHER ASSETS    
Deposits 4,192 4,192
Deferred Tax Asset 551,817 662,593
TOTAL OTHER AND DEFERRED ASSETS 556,009 666,785
TOTAL ASSETS 3,118,972 2,516,429
CURRENT LIABILITIES    
Accounts Payable 358,177 121,358
Capital Lease Liability 3,788
Line of Credit 125,000 80,000
Accrued Expenses 355,732 159,403
TOTAL CURRENT LIABILITIES 842,697 360,761
CAPITAL LEASE LIABILITY $ 5,898
STOCKHOLDERS' EQUITY    
Preferred Stock, 496,000,000 shares authorized, none issued
Series A Cumulative Convertible Preferred Stock, no par value, 4,000,000 shares authorized; 194,100 shares issued and outstanding $ 149,950 $ 149,950
Common Stock, no par value, 80,000,000 shares authorized; 8,060,388 shares issued and outstanding $ 4,421,676 $ 4,421,676
Paid-in Capital $ 11,140 $ 6,000
Accumulated Deficit (2,312,389) (2,421,958)
TOTAL STOCKHOLDERS' EQUITY 2,270,377 2,155,668
TOTAL LIABILITIES AND STOCKHOLDERS''EQUITY $ 3,118,972 $ 2,516,429