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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2018
Jun. 30, 2018
Current assets:    
Cash and cash equivalents $ 9,322,811 $ 10,979,455
Accounts receivable, less allowance for doubtful accounts of $200,000 and $200,000, respectively 5,535,271 5,245,549
Inventories, net 4,920,350 5,019,886
Prepaid expenses and other current assets 583,314 611,647
Total current assets 20,361,746 21,856,537
Property, plant and equipment, net of accumulated amortization and depreciation of $9,355,964 and $9,023,235, respectively 4,346,826 4,188,378
Patents, net of accumulated amortization of $1,097,252 and $1,063,393, respectively 773,668 757,447
Goodwill 1,701,094 1,701,094
Contract assets 960,000
Intangible and other assets 468,013 517,295
Total assets 28,611,347 29,020,751
Current liabilities:    
Accounts payable 2,082,704 1,794,098
Accrued expenses and other current liabilities 2,344,903 2,812,172
Total current liabilities 4,427,607 4,606,270
Deferred income 13,303 13,303
Total liabilities 4,440,910 4,619,573
Shareholders' equity:    
Common stock, $.01 par value-shares authorized 40,000,000; 9,481,251 and 9,430,466 shares issued and outstanding in each period 94,822 94,305
Additional paid-in capital 41,192,701 39,772,973
Accumulated deficit (17,117,086) (15,466,100)
Total shareholders' equity 24,170,437 24,401,178
Total liabilities and shareholders' equity $ 28,611,347 $ 29,020,751