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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2015
Jun. 30, 2015
Current Assets:    
Cash and cash equivalents $ 530,200 $ 482,000
Restricted cash 300,000 300,000
Investment securities 277,000 281,800
Trade accounts receivable, net 737,400 1,081,700
Inventories 2,343,800 2,213,700
Prepaid expenses and other current assets 145,300 68,600
Deferred taxes 118,000 114,200
Total current assets 4,451,700 4,542,000
Property and equipment at cost, net 222,800 235,200
Intangible assets, net 1,363,000 1,451,900
Goodwill 705,300 705,300
Other assets 52,500 52,500
Deferred taxes 169,400 154,500
Total assets 6,964,700 7,141,400
Current Liabilities:    
Accounts payable 201,100 227,600
Customer advances 93,500 76,400
Bank line of credit 200,000 0
Notes payable, current portion 200,000 200,000
Accrued expenses and taxes 316,800 519,900
Contingent consideration payable, current portion 128,900 106,800
Total current liabilities 1,140,300 1,130,700
Contingent consideration payable, less current portion 137,300 260,300
Total liabilities 1,277,600 1,391,000
Shareholders' equity:    
Common stock, $.05 par value; authorized 7,000,000 shares; 1,508,914 outstanding at September 30, 2015 and June 30, 2015 75,400 75,400
Additional paid-in capital 2,487,300 2,486,700
Accumulated other comprehensive loss (7,100) (3,300)
Retained earnings 3,183,900 3,244,000
Total 5,739,500 5,802,800
Less common stock held in treasury, at cost, 19,802 shares 52,400 52,400
Total shareholders' equity 5,687,100 5,750,400
Total liabilities and shareholders' equity $ 6,964,700 $ 7,141,400