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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2022
Jun. 30, 2021
Current assets:    
Cash and cash equivalents $ 4,068,000 $ 9,675,200
Investment securities 7,768,600 3,744,600
Trade accounts receivable, less allowance for doubtful accounts of $15,600 at March 31, 2022 and June 30, 2021 1,712,900 1,294,700
Inventories 4,367,900 2,977,100
Income tax receivable 161,100 333,300
Prepaid expenses and other current assets 312,800 350,900
Assets of discontinued operations 600 55,300
Total current assets 18,391,900 18,431,100
Property and equipment, net 566,900 412,600
Goodwill 4,395,400 4,395,400
Other intangible assets, net 2,216,300 2,557,800
Deferred taxes 3,445,300 2,489,900
Operating lease right-of-use assets 1,448,600 665,300
Other assets 62,400 54,300
Total assets 30,526,800 29,006,400
Current liabilities:    
Accounts payable 1,051,100 453,500
Accrued expenses 661,100 633,500
Contingent consideration 117,500 136,600
Bank overdraft 40,600 321,700
Lease liabilities, current portion 124,300 270,500
Paycheck Protection Program loan 0 433,800
Liabilities of discontinued operations 7,900 37,200
Total current liabilities 2,002,500 2,286,800
Contingent consideration payable, less current portion 0 23,400
Lease liabilities, less current portion 1,388,100 460,500
Other long-term liabilities 0 10,900
Total liabilities 3,390,600 2,781,600
Shareholders' equity:    
Common stock, $.05 par value; 20,000,000 and 15,000,000 shares authorized; 7,023,401 and 6,477,945 shares issued; 7,003,599 and 6,458,143 shares outstanding at March 31, 2022 and June 30, 2021 351,200 324,000
Additional paid-in capital 31,233,600 26,613,500
Accumulated comprehensive loss (104,800) (9,200)
Accumulated deficit (4,291,400) (651,100)
AssetsAbstract 27,188,600 26,277,200
Less common stock held in treasury at cost, 19,802 shares 52,400 52,400
Total shareholders' equity 27,136,200 26,224,800
Total liabilities and shareholders' equity $ 30,526,800 $ 29,006,400