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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Operating activities:    
Net income (loss) $ 34,300 $ (299,300)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Loss on sale of investments 0 1,300
Loss on asset disposal 2,700 0
Depreciation and amortization 210,800 220,100
Deferred income tax benefit (30,000) (15,100)
Stock-based compensation 1,200 2,100
Income tax benefit of stock options exercised 0 4,900
Changes in operating assets and liabilities:    
Accounts receivable 211,600 25,700
Inventories (1,048,800) (106,900)
Prepaid expenses and other current assets 13,000 (37,200)
Other assets 0 (25,400)
Accounts payable 144,500 48,700
Customer advances 33,700 (77,500)
Accrued expenses and taxes 259,600 (149,200)
Total adjustments (201,700) (108,500)
Net cash used in operating activities (167,400) (407,800)
Investing activities:    
Purchase of investment securities, available for sale (2,700) (3,800)
Capital expenditures (8,400) (52,900)
Purchase of other intangible assets (5,700) (3,400)
Redemption of investment securities, available for sale 0 75,000
Net cash provided by (used in) investing activities (16,800) 14,900
Financing activities:    
Line of credit proceeds 470,000 250,000
Payments of contingent consideration (100,900) (98,900)
Proceeds from exercise of stock options 0 18,800
Principal payments on note payable 0 (26,700)
Net cash provided by financing activities 369,100 143,200
Net increase (decrease) in cash and cash equivalents 184,900 (249,700)
Cash and cash equivalents, beginning of year 482,000 493,700
Cash and cash equivalents, end of period 666,900 244,000
Cash paid during the period for:    
Income Taxes 18,500 3,500
Interest $ 4,400 $ 2,700