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CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2017
Jun. 30, 2016
Current assets:    
Cash and cash equivalents $ 432,283 $ 735,393
Accounts receivable, less allowance for doubtful accounts of $55,872 and $55,175, respectively 3,931,541 3,530,854
Inventories 8,345,343 8,595,485
Prepaid expenses and other current assets 206,395 281,099
Income taxes receivable 32,814 583,507
Total current assets 12,948,376 13,726,338
Equipment and leasehold improvements, net 1,408,091 1,514,472
Other assets:    
Deferred income taxes 3,042,257 3,212,556
Cash surrender value of life insurance 6,024,929 5,667,105
Total other assets 9,067,186 8,879,661
Total assets 23,423,653 24,120,471
Current liabilities:    
Accounts payable 2,243,110 1,966,656
Accrued liabilities 1,149,395 1,601,652
Total current liabilities 3,392,505 3,568,308
Long-term liabilities:    
Deferred compensation 2,294,418 2,187,714
Other liabilities 164,418 178,255
Total long-term liabilities 2,458,836 2,365,969
Total liabilities 5,851,341 5,934,277
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 5,420,710 5,070,956
Retained earnings 12,114,688 13,078,324
Total stockholders' equity 17,572,312 18,186,194
Total liabilities and stockholders' equity $ 23,423,653 $ 24,120,471