XML 15 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2013
Jun. 30, 2013
CURRENT ASSETS    
Cash and cash equivalents $ 438,648 $ 28,564
Trade receivables, net of allowance for doubtful accounts of $16,796 and $16,196, respectively 242,793 166,585
Inventories:    
Finished goods 40,741 258,392
Goods in process 9,891 10,942
Raw materials 96,354 81,515
Packaging materials 94,097 158,283
Prepaid expenses 26,424 5,414
Deferred income taxes 6,518 6,863
Total current assets 955,466 716,558
PROPERTY AND EQUIPMENT    
Land 35,000 35,000
Buildings 77,348 77,348
Machinery and equipment 732,999 717,985
Trucks and autos 188,594 188,594
Office equipment 31,094 30,826
Leasehold improvements 72,068 72,068
Total 1,137,103 1,121,821
Less accumulated depreciation 797,533 759,996
Total property and equipment, net 339,570 361,825
TOTAL ASSETS 1,295,036 1,078,383
CURRENT LIABILITIES    
Accounts payable 109,666 66,598
Current maturities of notes payable 48,634 54,172
Accrued expenses 15,863 27,466
Income taxes payable 87,846 3,711
Deferred income 1,299 1,299
Total current liabilities 263,308 153,246
LONG-TERM LIABILITIES    
Deferred income 13,311 13,960
Notes payable, less current maturities 10,922 39,787
Deferred income taxes 83,109 93,973
Total long-term liabilities 107,342 147,720
Total liabilities 370,650 300,966
COMMITMENTS AND CONTINGENCIES      
Capital stock issued and outstanding:    
Common stock, $1 par value 969,834 969,834
Paid-in capital in excess of par 3,134,722 3,134,722
Accumulated deficit (5,541,610) (5,688,579)
Total stockholders' equity 924,386 777,417
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 1,295,036 1,078,383
Prior cumulative preferred stock, $5 par value | Series A
   
Capital stock issued and outstanding:    
Preferred stock, value 500,000 500,000
Prior cumulative preferred stock, $5 par value | Series B
   
Capital stock issued and outstanding:    
Preferred stock, value 500,000 500,000
Cumulative preferred stock, $20 par value | Series A
   
Capital stock issued and outstanding:    
Preferred stock, value 1,170,660 1,170,660
Cumulative preferred stock, $20 par value | Series B
   
Capital stock issued and outstanding:    
Preferred stock, value $ 190,780 $ 190,780