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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Dec. 31, 2018
Jun. 30, 2018
Current Assets:    
Cash and cash equivalents $ 1,358,100 $ 1,053,100
Investment securities 307,800 314,700
Trade accounts receivable, less allowance for doubtful accounts of $11,600 at December 31, 2018 and June 30, 2018 1,216,500 1,444,100
Contract assets, current 307,200 278,200
Inventories 2,723,900 2,267,900
Prepaid expenses and other current assets 101,400 33,500
Total current assets 6,014,900 5,391,500
Property and equipment, net 177,900 199,500
Intangible assets, net 222,600 338,700
Goodwill 705,300 705,300
Contract assets, less current portion 0 245,400
Other assets 52,500 52,500
Deferred taxes 385,500 392,600
Total assets 7,558,700 7,325,500
Current Liabilities:    
Accounts payable 570,700 428,000
Accrued expenses and taxes, current portion 556,100 657,700
Contract liabilities 114,300 63,800
Contingent consideration, current portion 118,000 118,000
Notes payable 2,500 5,800
Total current liabilities 1,361,600 1,273,300
Accrued expenses, less current portion 0 60,000
Contingent consideration payable, less current portion 290,000 290,000
Total liabilities 1,651,600 1,623,300
Shareholders' equity:    
Common stock, $.05 par value; authorized 7,000,000 shares; issued 1,513,914, outstanding 1,494,112 shares at December 31, 2018 and June 30, 2018 75,700 75,700
Additional paid-in capital 2,564,100 2,545,900
Accumulated other comprehensive gain (loss) (19,800) 1,200
Retained earnings 3,339,500 3,131,800
Total 5,959,500 5,754,600
Less common stock held in treasury at cost, 19,802 shares 52,400 52,400
Total shareholders' equity 5,907,100 5,702,200
Total liabilities and shareholders' equity $ 7,558,700 $ 7,325,500