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Consolidated Balance Sheets - USD ($)
Dec. 31, 2016
Jun. 30, 2016
CURRENT ASSETS    
Cash $ 153,838 $ 59,173
Certificates of Deposit, plus accrued interest 72,801 151,995
Accounts Receivable, less allowance for doubtful accounts of $1,024 and $2,665 respectively. 308,429 538,202
Other Receivables 75,000 150,000
Inventories 504,763 688,691
Prepaid Expenses 231,600 165,207
Deferred Tax Asset 185,490 128,529
TOTAL CURRENT ASSETS 1,531,921 1,881,797
CERTIFICATES OF DEPOSIT, PLUS ACCRUED INTEREST 140,563 140,563
PROPERTY AND EQUIPMENT, NET 524,344 540,603
OTHER ASSETS    
Deposits 4,192 4,192
Deferred Tax Asset 460,177 551,817
TOTAL OTHER AND DEFERRED ASSETS 464,369 556,009
TOTAL ASSETS 2,661,197 3,118,972
CURRENT LIABILITIES    
Accounts Payable 123,174 358,177
Capital Lease Liability 1,894 3,788
Line of Credit 125,000
Accrued Expenses 208,644 355,732
TOTAL CURRENT LIABILITIES 333,712 842,697
CAPITAL LEASE LIABILITY 5,898 5,898
COMMITMENTS AND CONTINGENCIES (NOTE G)
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 $ 11,140
Accumulated Deficit (2,261,179) (2,312,389)
TOTAL STOCKHOLDERS' EQUITY 2,321,587 2,270,377
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2,661,197 $ 3,118,972