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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2014
Jun. 30, 2014
Current Assets:    
Cash and cash equivalents $ 388,100 $ 493,700
Investment securities 338,000 415,400
Trade accounts receivable, net 795,300 756,700
Inventories 2,282,900 2,309,200
Prepaid expenses and other current assets 184,800 123,100
Deferred taxes 86,700 86,000
Total current assets 4,075,800 4,184,100
Property and equipment, net 249,800 252,100
Intangible assets, net 1,708,900 1,795,900
Goodwill 705,300 705,300
Other assets 53,600 28,200
Deferred taxes 150,300 146,200
Total assets 6,943,700 7,111,800
Current Liabilities:    
Accounts payable 342,100 373,700
Customer advances 92,800 89,500
Bank line of credit 200,000 0
Notes payable, current portion 6,900 26,700
Accrued expenses and taxes 358,900 442,800
Contingent consideration payable, current portion 120,000 109,000
Total current liabilities 1,120,700 1,041,700
Contingent consideration payable, less current portion 281,100 391,000
Total liabilities 1,401,800 1,432,700
Shareholders' equity:    
Common stock, $.05 par value; authorized 7,000,000 shares; 1,498,914 and 1,488,914 issued and outstanding at September 30, 2014 and 1,357,465 at June 30, 2014 74,900 74,400
Additional paid-in capital 2,445,000 2,420,700
Accumulated other comprehensive gain 400 1,100
Retained earnings 3,074,000 3,235,300
Total 5,594,300 5,731,500
Less common stock held in treasury, at cost, 19,802 shares 52,400 52,400
Total shareholders' equity 5,541,900 5,679,100
Total liabilities and shareholders' equity $ 6,943,700 $ 7,111,800