XML 13 R2.htm IDEA: XBRL DOCUMENT v3.23.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2022
Jun. 30, 2022
Jun. 30, 2021
Current assets:      
Cash and cash equivalents $ 1,927,100 $ 2,971,100 $ 9,675,200
Investment securities 4,272,100 6,391,600 3,744,600
Trade accounts receivable, less allowance for doubtful accounts of $33,600, $15,600 and $15,600 at December 31, 2022, June 30, 2022 and June 30, 2021 1,312,900 1,501,400 1,294,700
Inventories 4,859,600 4,696,300 2,977,100
Income tax receivable 161,400 161,100 333,300
Prepaid expenses and other current assets 456,800 547,600 350,900
Assets of discontinued operations 0 200 55,300
Total current assets 12,989,900 16,269,300 18,431,100
Property and equipment, net 1,163,200 1,005,600 412,600
Goodwill 115,300 115,300 4,395,400
Other intangible assets, net 1,763,000 2,079,800 2,557,800
Inventories 606,000 0 0
Deferred taxes 0 0 2,489,900
Operating lease right-of-use assets 1,373,600 1,475,500 665,300
Other assets 58,200 62,400 54,300
Total assets 18,069,200 21,007,900 29,006,400
Current liabilities:      
Accounts payable 887,300 1,105,900 453,500
Accrued expenses 821,800 796,000 633,500
Contract liabilities 134,400 29,000 0
Contingent consideration, current portion 0 0 136,600
Bank overdraft 0 0 321,700
Lease liabilities, current portion 276,900 299,300 270,500
Paycheck Protection Program loan 0 0 433,800
Liabilities of discontinued operations 0 0 37,200
Total current liabilities 2,120,400 2,230,200 2,286,800
Contingent consideration payable, less current portion 0 0 23,400
Lease liabilities, less current portion 1,156,200 1,239,600 460,500
Other long-term liabilities 0 0 10,900
Total liabilities 3,276,600 3,469,800 2,781,600
Shareholders' equity:      
Common stock, $.05 par value; 20,000,000, 20,000,000 and 15,000,000 shares authorized; 7,023,401, 7,023,401 and 6,477,945 shares issued; 7,003,599, 7,003,599 and 6,458,143 shares outstanding at December 31, 2022, June 30, 2022 and June 30, 2021 351,200 351,200 324,000
Additional paid-in capital 32,900,800 31,664,100 26,613,500
Accumulated comprehensive loss (8,400) (105,600) (9,200)
Accumulated deficit (18,398,600) (14,319,200) (651,100)
Total shareholder equity 14,845,000 17,590,500 26,277,200
Less common stock held in treasury at cost, 19,802 shares 52,400 52,400 52,400
Total shareholders' equity 14,792,600 17,538,100 26,224,800
Total liabilities and shareholders' equity $ 18,069,200 $ 21,007,900 $ 29,006,400