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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2017
Jun. 30, 2016
Current Assets:    
Cash and cash equivalents $ 1,211,300 $ 1,245,000
Investment securities 294,000 290,100
Trade accounts receivable, net 1,327,700 1,231,900
Inventories 2,205,900 2,412,100
Prepaid expenses and other current assets 73,100 47,200
Deferred taxes 141,000 140,600
Total current assets 5,253,000 5,366,900
Property and equipment at cost, net 212,900 251,100
Intangible assets, net 690,200 897,600
Goodwill 705,300 705,300
Other assets 52,500 52,500
Deferred taxes 284,200 275,900
Total assets 7,198,000 7,549,300
Current Liabilities:    
Accounts payable 343,100 342,400
Customer advances 107,900 0
Notes payable, current portion 6,600 6,400
Accrued expenses and taxes, current portion 532,000 849,700
Contingent consideration, current portion 16,000 136,500
Total current liabilities 1,005,600 1,335,000
Notes payable, less current portion 7,500 12,500
Accrued expenses, less current portion 60,000 60,000
Contingent consideration, less current portion 164,200 209,800
Total liabilities 1,237,300 1,617,300
Shareholders' equity:    
Common stock, $.05 par value; authorized 7,000,000 shares; 1,513,914 and 1,508,914 issued and outstanding at March 31, 2017 and June 30, 2016 75,700 75,400
Additional paid-in capital 2,515,000 2,498,500
Accumulated other comprehensive income (loss) (4,700) 900
Retained earnings 3,427,100 3,409,600
Total 6,013,100 5,984,400
Less common stock held in treasury, at cost, 19,802 shares 52,400 52,400
Total shareholders' equity 5,960,700 5,932,000
Total liabilities and shareholders' equity $ 7,198,000 $ 7,549,300