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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2015
Jun. 30, 2015
Current Assets:    
Cash and cash equivalents $ 666,900 $ 482,000
Restricted cash 300,000 300,000
Investment securities 278,200 281,800
Trade accounts receivable, net 870,100 1,081,700
Inventories 3,262,500 2,213,700
Prepaid expenses and other current assets 55,600 68,600
Deferred taxes 109,700 114,200
Total current assets 5,543,000 4,542,000
Property and equipment at cost, net 206,500 235,200
Intangible assets, net 1,281,200 1,451,900
Goodwill 705,300 705,300
Other assets 52,500 52,500
Deferred taxes 190,400 154,500
Total assets 7,978,900 7,141,400
Current Liabilities:    
Accounts payable 372,100 227,600
Customer advances 110,100 76,400
Bank line of credit 470,000 0
Notes payable 200,000 200,000
Accrued expenses and taxes 779,500 519,900
Contingent consideration, current portion 128,900 106,800
Total current liabilities 2,060,600 1,130,700
Contingent consideration, less current portion 137,300 260,300
Total liabilities 2,197,900 1,391,000
Shareholders' equity:    
Common stock, $.05 par value; authorized 7,000,000 shares; 1,508,914 outstanding at December 31, 2015 and at June 30, 2015 75,400 75,400
Additional paid-in capital 2,487,900 2,486,700
Accumulated other comprehensive loss (8,200) (3,300)
Retained earnings 3,278,300 3,244,000
Total 5,833,400 5,802,800
Less common stock held in treasury, at cost, 19,802 shares 52,400 52,400
Total shareholders' equity 5,781,000 5,750,400
Total liabilities and shareholders' equity $ 7,978,900 $ 7,141,400