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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2016
Jun. 30, 2015
Current Assets:    
Cash and cash equivalents $ 1,245,000 $ 482,000
Restricted cash 0 300,000
Investment securities 290,100 281,800
Trade accounts receivable, less allowance for doubtful accounts of $11,600 in 2015 and 2014 1,231,900 1,081,700
Inventories 2,412,100 2,213,700
Prepaid expenses and other current assets 47,200 68,600
Deferred taxes 140,600 114,200
Total current assets 5,366,900 4,542,000
Property and equipment, net 251,100 235,200
Intangible assets, net 897,600 1,451,900
Goodwill 705,300 705,300
Other assets 52,500 52,500
Deferred taxes 275,900 154,500
Total assets 7,549,300 7,141,400
Current Liabilities:    
Accounts payable 342,400 227,600
Customer advances 0 76,400
Accrued expenses and taxes, current portion 849,700 519,900
Contingent consideration, current portion 136,500 106,800
Notes payable, current portion 6,400 200,000
Total current liabilities 1,335,000 1,130,700
Accrued expenses, less current portion 60,000 0
Notes payable, less current portion 12,500 0
Contingent consideration payable, less current portion 209,800 260,300
Total liabilities 1,617,300 1,391,000
Shareholders' equity:    
Common stock, $.05 par value; authorized 7,000,000 shares; issued 1,508,914 shares in 2016 and 2015 75,400 75,400
Additional paid-in capital 2,498,500 2,486,700
Accumulated other comprehensive income (loss) 900 (3,300)
Retained earnings 3,409,600 3,244,000
Total 5,984,400 5,802,800
Less common stock held in treasury, at cost, 19,802 shares 52,400 52,400
Total shareholders' equity 5,932,000 5,750,400
Total liabilities and shareholders' equity $ 7,549,300 $ 7,141,400