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Consolidated Statements of Operations - USD ($)
12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
NET SALES $ 4,719,672 $ 4,334,088
COST OF SALES 1,330,979 1,134,675
GROSS PROFIT 3,388,693 3,199,413
OPERATING EXPENSES    
Salaries and Benefits 1,733,708 1,729,688
Selling, General and Administrative 1,330,215 1,316,709
Operating Costs and Expenses, Total 3,063,923 3,046,397
INCOME FROM OPERATIONS 324,770 153,016
OTHER INCOME    
(Loss) on Disposal of Assets 304,887 (4,697)
Other Income / Gain on Extinguishment of Debt 203,172 10,000
Interest Income 1,232 1,746
Interest Expense 0 0
Nonoperating Income (Expense), Total 507,119 7,049
INCOME BEFORE INCOME TAXES 831,889 160,065
INCOME TAX EXPENSE (64,306) (48,407)
NET INCOME 767,583 111,658
Dividend requirements on preferred stock (16,710) (16,710)
Basic net income available to common shares $ 750,873 $ 94,948
Basic net income per common share (in dollars per share) $ 0.09 $ 0.01
Weighted average number of common shares outstanding (in shares) 8,087,388 8,087,388
Diluted net income per common share (in dollars per share) $ 0.09 $ 0.01
Weighted average number of common shares outstanding, diluted (in shares) 8,319,624 8,319,488