BALANCE SHEET - USD ($)	Dec. 31, 2019	Jun. 30, 2019
Current assets:
Cash and cash equivalents	$ 351,583	$ 195,454
Accounts receivable, net of allowances of $170,000	2,931,208	3,165,289
Inventories, net	7,497,059	7,333,095
Income tax receivable	18,453	12,178
Other current assets	243,361	244,908
Total current assets	11,041,664	10,950,924
Property, plant and equipment, net	3,706,602	4,001,081
Deferred income taxes	501,891	501,891
Total assets	15,250,157	15,453,896
Current liabilities:
Revolving credit facility	985,790	0
Accounts payable	1,894,315	1,469,232
Other accrued liabilities	2,623,950	2,094,312
Total current liabilities	5,504,055	3,563,544
Commitments and contingencies
Stockholders' equity:
Preferred stock	0	0
Common stock; $0.01 par value; 30,000,000 shares authorized; 5,213,902 shares issued at December 31, 2019 and June 30, 2019; 4,013,537 shares outstanding at December 31, 2019 and June 30, 2019	52,139	52,139
Additional paid-in capital	48,492,674	48,491,317
Accumulated deficit	(17,817,923)	(15,672,316)
Less treasury stock, at cost; 1,200,365 shares at December 31, 2019 and June 30, 2019, respectively	(20,980,788)	(20,980,788)
Total stockholders' equity	9,746,102	11,890,352
Total liabilities and stockholders' equity	15,250,157	15,453,896
Series A Preferred Stock
Stockholders' equity:
Preferred stock	$ 0	$ 0