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Condensed Consolidated Balance Sheets (USD $)
Dec. 31, 2011
Jun. 30, 2011
ASSETS    
Cash and cash equivalents $ 763,500 $ 907,800
Investment securities 700,900 693,400
Trade accounts receivable, net 660,100 620,000
Inventories 1,955,400 1,639,800
Prepaid and other current assets 177,700 197,700
Deferred taxes 78,000 77,700
Total current assets 4,335,600 4,136,400
Property and equipment, net 199,000 175,100
Intangible assets, net 928,600 112,300
Goodwill 589,900 447,900
Other assets 25,700 25,700
Deferred taxes 112,900 115,800
Total assets 6,191,700 5,013,200
LIABILITIES AND SHAREHOLDERS' EQUITY    
Accounts payable 241,000 128,100
Customer advances 326,900 0
Loan payable, bank 60,000 0
Notes payable, current 74,600 0
Accrued expenses and taxes 261,100 284,300
Total current liabilities 963,600 412,400
Contingent consideration payable 128,000 0
Notes payable, long-term 143,200 0
Total liabilities 1,234,800 412,400
Shareholders' equity:    
Common stock, $.05 par value; authorized 7,000,000 shares; 1,355,514 and 1,216,379 issued and outstanding at December 31, 2011 and June 30, 2011 67,800 60,800
Additional paid-in capital 1,962,100 1,558,500
Accumulated other comprehensive loss (20,100) (21,500)
Retained earnings 2,999,500 3,055,400
Total 5,009,300 4,653,200
Less common stock held in treasury at cost, 19,802 shares 52,400 52,400
Total shareholders' equity 4,956,900 4,600,800
Total liabilities and shareholders' equity $ 6,191,700 $ 5,013,200