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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2019
Mar. 31, 2018
NET SALES $ 1,070,830 $ 1,107,018 $ 3,075,918 $ 2,955,868
COST OF SALES 288,684 297,889 832,876 793,622
GROSS PROFIT 782,146 809,129 2,243,042 2,162,246
OPERATING EXPENSES        
Salaries and Benefits 379,399 390,860 1,112,133 1,119,944
Selling, General and Administrative 315,554 335,590 995,170 923,174
694,953 726,450 2,107,303 2,043,118
INCOME / (LOSS) FROM OPERATIONS 87,193 82,679 135,739 119,128
OTHER INCOME (EXPENSE)        
Interest Income 587 178 1,737 639
587 178 1,737 639
INCOME / (LOSS) BEFORE INCOME TAXES 87,780 82,857 137,476 119,767
INCOME TAX (EXPENSE) / BENEFIT (22,759) (23,933) (53,245) (429,374)
NET INCOME / (LOSS) 65,021 58,923 84,231 (309,607)
Dividend requirements on preferred stock (4,178) (4,428) (12,783) (13,283)
Basic net income (loss) available to common shares $ 60,843 $ 54,496 $ 71,448 $ (322,890)
Basic net income (loss) per common share (in dollars per share) $ 0.01 $ 0.01 $ 0.01 $ (0.04)
Weighted average number of common shares outstanding (in shares) 8,077,388 8,077,388 8,077,388 8,077,388
Diluted net income (loss) per common share (in dollars per share) $ 0.01 $ 0.01 $ 0.01 $ (0.04)
Weighted average number of common shares outstanding, diluted (in shares) 8,319,488 8,300,669 8,319,488 8,077,388