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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2015
Jun. 30, 2014
Current Assets:    
Cash and cash equivalents $ 482,000 $ 493,700
Restricted cash 300,000 0
Investment securities 281,800 415,400
Trade accounts receivable, less allowance for doubtful accounts of $11,600 in 2015 and 2014 1,081,700 756,700
Inventories 2,213,700 2,309,200
Prepaid expenses and other current assets 68,600 123,100
Deferred taxes 114,200 86,000
Total current assets 4,542,000 4,184,100
Property and equipment, net 235,200 252,100
Intangible assets, net 1,451,900 1,795,900
Goodwill 705,300 705,300
Other assets 52,500 28,200
Deferred taxes 154,500 146,200
Total assets 7,141,400 7,111,800
Current Liabilities:    
Accounts payable 227,600 373,700
Customer advances 76,400 89,500
Accrued expenses and taxes 519,900 442,800
Contingent consideration, current portion 106,800 109,000
Notes payable 200,000 26,700
Total current liabilities 1,130,700 1,041,700
Contingent consideration payable, less current portion 260,300 391,000
Total liabilities 1,391,000 1,432,700
Shareholders' equity:    
Common stock, $.05 par value; authorized 7,000,000 shares; issued 1,508,914 shares in 2015 and 1,488,914 in 2014 75,400 74,400
Additional paid-in capital 2,486,700 2,420,700
Accumulated other comprehensive income (loss) (3,300) 1,100
Retained earnings 3,244,000 3,235,300
Total 5,802,800 5,731,500
Less common stock held in treasury, at cost, 19,802 shares 52,400 52,400
Total shareholders' equity 5,750,400 5,679,100
Total liabilities and shareholders' equity $ 7,141,400 $ 7,111,800