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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Jun. 30, 2022
Current assets:      
Cash and cash equivalents $ 796,100 $ 1,927,100 $ 2,971,100
Investment securities 4,928,700 4,272,100 6,391,600
Trade accounts receivable, less allowance for doubtful accounts of $15,600, $33,600 and $15,600 at December 31, 2023 and 2022 and June 30, 2022 1,157,100 1,312,900 1,501,400
Inventories 4,883,900 4,859,600 4,696,300
Income tax receivable 161,400 161,400 161,100
Prepaid expenses and other current assets 413,500 456,800 547,600
Assets of discontinued operations 0 0 200
Total current assets 12,340,700 12,989,900 16,269,300
Property and equipment, net 1,082,300 1,163,200 1,005,600
Goodwill 115,300 115,300 115,300
Other intangible assets, net 1,249,900 1,763,000 2,079,800
Inventories- noncurrent 609,000 606,000 0
Operating lease right-of-use assets 1,273,900 1,373,600 1,475,500
Other assets 59,400 58,200 62,400
Total assets 16,730,500 18,069,200 21,007,900
Current liabilities:      
Accounts payable 711,700 887,300 1,105,900
Accrued expenses 777,900 821,800 796,000
Contract liabilities 23,600 134,400 29,000
Lease liabilities, current portion 324,100 276,900 299,300
Total current liabilities 1,837,300 2,120,400 2,230,200
Lease liabilities, less current portion 1,007,800 1,156,200 1,239,600
Total liabilities 2,845,100 3,276,600 3,469,800
Shareholders' equity:      
Common stock, $.05 par value; 30,000,000, 20,000,000 and 20,000,000 shares authorized; 10,145,211, 7,023,401 and 7,023,401 shares issued; 10,145,211, 7,003,599 and 7,003,599 shares outstanding at December 31, 2023 and 2022 and June 30, 2022 507,300 351,200 351,200
Additional paid-in capital 40,844,600 32,900,800 31,664,100
Accumulated comprehensive income (loss) 18,600 (8,400) (105,600)
Accumulated deficit (27,485,100) (18,398,600) (14,319,200)
Stockholders' Equity before Treasury Stock 13,885,400 14,845,000 17,590,500
Less common stock held in treasury at cost, 0, 19,802 and 19,802 shares at December 31, 2023 and 2022 and June 30, 2022 0 52,400 52,400
Total shareholders' equity 13,885,400 14,792,600 17,538,100
Total liabilities and shareholders' equity $ 16,730,500 $ 18,069,200 $ 21,007,900