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CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2015
Jun. 30, 2014
Current assets:    
Cash and cash equivalents $ 1,000,266 $ 1,899,411
Accounts receivable, less allowance for doubtful accounts of $XX,XXX and $43,405, respectively 2,823,980 3,160,887
Inventories 7,182,440 7,054,932
Prepaid expenses and other current assets 348,044 148,200
Income taxes receivable 205,531 1,109,276
Deferred income taxes 2,045,316 2,576,023
Total current assets 13,605,577 15,948,729
Equipment and leasehold improvements, net 1,592,520 1,840,491
Other assets:    
Deferred income taxes 1,869,253 1,623,329
Cash surrender value of life insurance 5,359,663 4,977,409
Total other assets 7,228,916 6,600,738
Total assets 22,427,013 24,389,958
Current liabilities:    
Accounts payable 2,172,254 2,464,755
Accrued liabilities 1,575,027 3,853,473
Income taxes payable 0 175,000
Total current liabilities 3,747,281 6,493,228
Long-term liabilities:    
Deferred compensation 2,107,486 2,320,091
Other liabilities 219,227 336,772
Total long-term liabilities 2,326,713 2,656,863
Total liabilities 6,073,994 9,150,091
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 4,626,781 3,996,242
Retained earnings 11,689,324 11,206,711
Total stockholders' equity 16,353,019 15,239,867
Total liabilities and stockholders' equity $ 22,427,013 $ 24,389,958