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CONSOLIDATED BALANCE SHEETS (USD $)
Jun. 30, 2013
Jun. 30, 2012
ASSETS    
Cash and cash equivalents $ 927,300 $ 769,300
Investment securities 908,400 718,300
Trade accounts receivable, less allowance for doubtful accounts of $11,600 in 2013 and 2012 815,900 623,500
Inventories 1,705,600 1,613,700
Prepaid expenses and other current assets 59,000 167,800
Deferred taxes 86,600 70,200
Total current assets 4,502,800 3,962,800
Property and equipment, net 156,500 180,500
Intangible assets, net 773,500 877,300
Goodwill 589,900 589,900
Other assets 24,100 25,700
Deferred taxes 106,200 136,000
Total assets 6,153,000 5,772,200
LIABILITIES AND SHAREHOLDERS' EQUITY    
Accounts payable 156,800 114,800
Customer advances 15,900 98,500
Accrued expenses and taxes 407,700 237,500
Contingent consideration, current portion 19,000 19,000
Notes payable, current portion 78,300 75,800
Total current liabilities 677,700 545,600
Contingent consideration payable, less current portion 51,600 88,400
Notes payable, less current portion 26,700 105,000
Total liabilities 756,000 739,000
Shareholders' equity:    
Common stock, $.05 par value; authorized 7,000,000 shares; issued 1,357,465 shares in 2013 and 1,355,514 in 2012 67,900 67,800
Additional paid-in capital 1,977,100 1,968,700
Accumulated other comprehensive loss, unrealized holding loss on investment securities (13,600) (12,600)
Retained earnings 3,418,000 3,061,700
Total 5,449,400 5,085,600
Less common stock held in treasury at cost, 19,802 shares 52,400 52,400
Total shareholders' equity 5,397,000 5,033,200
Total liabilities and shareholders' equity $ 6,153,000 $ 5,772,200