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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
6 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Operating activities:    
Net income (loss) $ 260,500 $ (313,600)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Loss on sale of investments 5,000 0
Depreciation and amortization 151,900 154,100
Unrealized holding gain of investments 3,300 0
Deferred income taxes 7,100 16,500
Income tax benefit of stock options exercised 0 8,000
Stock-based compensation 18,200 12,400
Changes in operating assets and liabilities:    
Trade accounts receivable 227,600 (184,000)
Contract assets 216,400 133,100
Inventories (456,000) (431,400)
Prepaid expenses and other current assets (67,900) (66,300)
Accounts payable 142,700 240,200
Contract liabilities 50,500 321,800
Accrued expenses and taxes (162,000) (24,500)
Total adjustments 136,800 179,900
Net cash provided by (used in) operating activities 397,300 (133,700)
Investing activities:    
Redemption of investment securities, available-for-sale 2,700 0
Purchase of investment securities, available-for-sale (75,200) (15,000)
Sale of investment securities, available-for-sale 72,400 0
Capital expenditures (7,900) (68,100)
Purchase of other intangible assets (6,300) (1,500)
Net cash used in investing activities (14,300) (84,600)
Financing activities:    
Line of credit proceeds 0 40,000
Payments for contingent consideration 0 (142,700)
Cash dividend declared and paid (74,700) 0
Principal payments on note payable (3,300) (3,400)
Net cash used in financing activities (78,000) (106,100)
Net increase (decrease) in cash and cash equivalents 305,000 (324,400)
Cash and cash equivalents, beginning of year 1,053,100 1,025,100
Cash and cash equivalents, end of period 1,358,100 700,700
Cash paid during the period for:    
Income taxes 39,700 16,000
Interest $ 800 $ 600