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Condensed Consolidated Statements of Financial Condition (Unaudited) - USD ($)
Mar. 31, 2024
Jun. 30, 2023
Current Assets:    
Cash $ 2,020,000 $ 1,316,000
Accounts receivable, net 4,719,000 4,511,000
Inventories 11,169,000 10,261,000
Other current assets 353,000 284,000
Total current assets 18,261,000 16,372,000
Property and equipment, net 1,891,000 1,653,000
Operating lease right-of-use assets 2,020,000 2,623,000
Deferred tax assets, net 4,713,000 4,726,000
Security deposits and other assets 57,000 57,000
Total Assets 26,942,000 25,431,000
Current Liabilities:    
Accounts payable 3,673,000 2,266,000
Accrued expenses and other current liabilities 2,319,000 1,632,000
Current portion of long term debt, net 18,000 42,000
Operating Lease, Liability, Current 935,000 888,000
Total current liabilities 6,945,000 4,828,000
Long term debt 0 7,000
Operating lease obligations 1,086,000 1,735,000
Total liabilities 8,031,000 6,570,000
Commitments and Contingencies (Note 6)
Stockholders' Equity :    
Common Stock, $0.002 par value; 50,000,000 shares authorized; 30,134,510 and 29,984,510 shares issued, respectively, and 30,099,610 and 29,949,610 shares issued and outstanding, respectively 60,000 60,000
Additional paid-in capital 51,445,000 51,239,000
Accumulated deficit (32,495,000) (32,339,000)
Less: Treasury stock, at cost, 34,900 shares (99,000) (99,000)
Total Stockholders' Equity 18,911,000 18,861,000
Total Liabilities and Stockholders' Equity $ 26,942,000 $ 25,431,000