XML 36 R3.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Mar. 31, 2014
Jun. 30, 2013
Current assets:    
Cash and cash equivalents $ 2,749,204 $ 859,636
Accounts receivable, less allowance for doubtful accounts of $60,815 and $43,405, respectively 2,349,391 12,185,162
Inventories 9,667,701 10,501,172
Prepaid expenses and other current assets 339,795 465,589
Deferred income taxes 1,646,931 1,171,453
Total current assets 16,753,022 25,183,012
Equipment and leasehold improvements, net 2,045,669 2,337,982
Other assets:    
Product software development expenditures, net 0 2,673,291
Deferred income taxes 2,391,158 419,530
Cash surrender value of life insurance 4,942,627 4,612,842
Total other assets 7,333,785 7,705,663
Total assets 26,132,476 35,226,657
Current liabilities:    
Accounts payable 2,044,806 2,685,748
Accrued liabilities 3,547,273 4,705,454
Dividends payable 442,962 442,962
Income taxes payable 284,585 2,732,524
Total current liabilities 6,319,626 10,566,688
Long-term liabilities:    
Deferred compensation 2,172,372 2,375,550
Derivative liability 0 154,745
Other liabilities 448,990 740,000
Total long-term liabilities 2,621,362 3,270,295
Total liabilities 8,940,988 13,836,983
Stockholders' equity:    
Common stock, $0.005 par value, authorized 20,000,000 shares; issued and outstanding 7,382,706 shares 36,914 36,914
Paid in capital 3,792,869 3,263,608
Retained earnings 13,361,705 18,089,152
Total stockholders' equity 17,191,488 21,389,674
Total liabilities and stockholders' equity $ 26,132,476 $ 35,226,657