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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Jun. 30, 2014
Jun. 30, 2013
Current Assets:    
Cash and cash equivalents $ 493,700 $ 927,300
Investment securities 415,400 908,400
Trade accounts receivable, less allowance for doubtful accounts of $11,600 in 2014 and 2013 756,700 815,900
Inventories 2,309,200 1,705,600
Prepaid expenses and other current assets 123,100 59,000
Deferred taxes 86,000 86,600
Total current assets 4,184,100 4,502,800
Property and equipment, net 252,100 156,500
Intangible assets, net 1,795,900 773,500
Goodwill 705,300 589,900
Other assets 28,200 24,100
Deferred taxes 146,200 106,200
Total assets 7,111,800 6,153,000
Current Liabilities:    
Accounts payable 373,700 156,800
Customer advances 89,500 15,900
Accrued expenses and taxes 442,800 407,700
Contingent consideration payable, current portion 109,000 19,000
Notes payable, current portion 26,700 78,300
Total current liabilities 1,041,700 677,700
Contingent consideration payable, less current portion 391,000 51,600
Notes payable, less current portion 0 26,700
Total liabilities 1,432,700 756,000
Shareholders' equity:    
Common stock, $.05 par value; authorized 7,000,000 shares; issued 1,488,914 shares in 2014 and 1,357,465 in 2013 74,400 67,900
Additional paid-in capital 2,420,700 1,977,100
Accumulated other comprehensive gain (loss), unrealized holding gain (loss) on investment securities 1,100 (13,600)
Retained earnings 3,235,300 3,418,000
Total 5,731,500 5,449,400
Less common stock held in treasury, at cost, 19,802 shares 52,400 52,400
Total shareholders' equity 5,679,100 5,397,000
Total liabilities and shareholders' equity $ 7,111,800 $ 6,153,000