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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2015
Jun. 30, 2015
Current assets:    
Cash and cash equivalents $ 180,790 $ 1,000,266
Accounts receivable, less allowance for doubtful accounts of $11,370 and $26,052, respectively 2,911,685 2,823,980
Inventories 6,917,796 7,182,440
Prepaid expenses and other current assets 420,598 348,044
Income taxes receivable 327,052 205,531
Deferred income taxes 1,941,486 2,045,316
Total current assets 12,699,407 13,605,577
Equipment and leasehold improvements, net 1,515,800 1,592,520
Other assets:    
Deferred income taxes 1,912,961 1,869,253
Cash surrender value of life insurance 5,622,188 5,359,663
Total other assets 7,535,149 7,228,916
Total assets 21,750,356 22,427,013
Current liabilities:    
Accounts payable 1,232,731 2,172,254
Accrued liabilities 1,458,095 1,575,027
Line of credit facility 400,000 0
Total current liabilities 3,090,826 3,747,281
Long-term liabilities:    
Deferred compensation 2,079,439 2,107,486
Other liabilities 211,872 219,227
Total long-term liabilities 2,291,311 2,326,713
Total liabilities 5,382,137 6,073,994
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 4,742,785 4,626,781
Retained earnings 11,588,520 11,689,324
Total stockholders' equity 16,368,219 16,353,019
Total liabilities and stockholders' equity $ 21,750,356 $ 22,427,013