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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
9 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating activities:    
Net income (loss) $ (351,500) $ 62,200
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Gain on sale of investment 0 (3,200)
Depreciation and amortization 230,100 276,500
Deferred income tax expense (39,400) (7,400)
Income tax benefit of stock options exercised 8,000 0
Stock-based compensation 18,600 1,300
Change in fair value of contingent consideration 445,700 0
Changes in operating assets and liabilities:    
Trade accounts receivable (227,700) 149,600
Inventories (740,400) 206,200
Prepaid expenses and other current assets (12,000) (25,900)
Accounts payable 255,200 700
Long term accounts receivable 0 (245,400)
Customer advances 356,000 107,900
Accrued expenses (92,800) (317,700)
Total adjustments 201,300 142,600
Net cash provided by (used in) operating activities (150,200) 204,800
Investing activities:    
Redemption of investment securities, available-for-sale 0 11,100
Purchase of investment securities, available-for-sale (14,500) (18,700)
Capital expenditures (70,500) (18,200)
Purchase of other intangible assets (3,600) (12,800)
Net cash used in investing activities (88,600) (38,600)
Financing activities:    
Line of credit proceeds 40,000 250,000
Line of credit repayments 0 (250,000)
Payments for contingent consideration (142,700) (166,100)
Cash dividend declared and paid 0 (44,500)
Proceeds from exercise of stock options 0 15,500
Principal payments on note payable (5,000) (4,800)
Net cash used in financing activities (107,700) (199,900)
Net decrease in cash and cash equivalents (346,500) (33,700)
Cash and cash equivalents, beginning of year 1,025,100 1,245,000
Cash and cash equivalents, end of period 678,600 1,211,300
Cash paid during the period for:    
Income taxes 16,000 213,500
Interest $ 1,100 $ 2,200