XML 32 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (USD $)
Dec. 31, 2013
Jun. 30, 2013
Current assets:    
Cash and cash equivalents $ 5,033,526 $ 5,806,437
Accounts receivable, less allowance for doubtful accounts of $244,641 and $214,641, respectively 2,870,988 2,974,641
Inventories, net 3,969,972 4,034,477
Prepaid expenses and other current assets 209,898 387,371
Total current assets 12,084,384 13,202,926
Property, plant and equipment, net 1,304,998 1,326,586
Goodwill 1,701,094 1,701,094
Intangible and other assets 1,030,995 1,129,321
Total assets 16,121,471 17,359,927
Current liabilities:    
Accounts payable 1,154,838 2,208,999
Accrued expenses and other current liabilities 1,062,988 1,276,963
Total current liabilities 2,217,826 3,485,962
Deferred lease liability 20,212 23,811
Deferred income 75,072 72,934
Total liabilities 2,313,110 3,582,707
Commitments and contingencies (Note 8)      
Stockholders' equity:    
Common stock, $.01 par value-shares authorized 20,000,000, 7,274,596 and 7,233,884 shares issued and 7,197,036 and 7,156,324 shares outstanding, respectively 72,746 72,339
Additional paid-in capital 27,444,957 26,989,559
Accumulated deficit (13,298,349) (12,873,685)
Treasury stock, at cost, 77,560 shares (410,993) (410,993)
Total stockholders' equity 13,808,361 13,777,220
Total liabilities and stockholders' equity $ 16,121,471 $ 17,359,927