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BALANCE SHEET - USD ($)
Dec. 31, 2015
Jun. 30, 2015
Current assets:    
Cash and cash equivalents $ 1,638,462 $ 2,039,946
Accounts receivable, net of allowances of $170,000 3,722,126 3,574,674
Inventories, net 9,098,244 9,190,911
Income tax receivable 22,262 12,487
Other current assets 352,682 328,756
Total current assets 14,833,776 15,146,774
Property, plant and equipment, net 7,316,436 7,821,206
Deferred income taxes 1,922,095 1,889,872
Other assets, net 103,839 131,615
Total assets 24,176,146 24,989,467
Current liabilities:    
Accounts payable 1,973,083 1,368,797
Other accrued liabilities 2,070,178 2,159,566
Deferred income taxes 795,079 767,907
Total current liabilities $ 4,838,340 $ 4,296,270
Commitments and contingencies
Stockholders' equity:    
Preferred stock $ 0 $ 0
Common stock; $0.01 par value; 30,000,000 shares authorized; 10,427,878 shares issued at December 31, 2015 and June 30, 2015; 8,027,147 shares outstanding at December 31, 2015 and June 30, 2015 104,279 104,279
Additional paid-in capital 48,429,601 48,546,670
Accumulated deficit (8,215,286) (6,976,964)
Less treasury stock, at cost; 2,400,731 shares at December 31, 2015 and June 30, 2015, respectively (20,980,788) (20,980,788)
Total stockholders' equity 19,337,806 20,693,197
Total liabilities and stockholders' equity 24,176,146 24,989,467
Series A Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock $ 0 $ 0