XML 40 R16.htm IDEA: XBRL DOCUMENT v2.4.0.8
3. Acquisition (Tables)
9 Months Ended
Mar. 31, 2014
Text Block [Abstract]  
Purchase Price Allocation

Management of the Company allocated the purchase price based on its valuation of the assets acquired, as follows:

 

 Current Assets   $ 144,000
 Property and Equipment    118,100
 Goodwill*    115,400
 Other Intangible Assets    1,210,000
 Net Assets Acquired   $ 1,587,500
Pro Forma Results

 

  For the Three Month For the Nine Month
  Periods Ended Periods Ended
  March 31, March 31,
  2014 2013 2014 2013
 Net Sales $2,006,300 $1,956,100 $5,900,200 $5,934,700
 Net Income (loss) ($ 73,100) $ 136,200 $ 59,600 $ 213,100
         
Net income (loss per share - basic ($ .05) $ .09 $ .04 $ .15
         
Net income (loss) per share - diluted ($ .05) $ .09 $ .04 $ .15