RECENTLY ADOPTED ACCOUNTING PRONOUNCEMENTS RECENTLY ADOPTED ACCOUNTING PRONOUNCEMENTS - REVENUE (Tables)

6 Months Ended

Dec. 31, 2018

New Accounting Pronouncements and Changes in Accounting Principles [Abstract]

Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]

Adoption of the standard related to revenue recognition impacted the Company's previously reported results as follows:

			New
	As		Revenue
Balance Sheets	Previously		Standard			As
June 30, 2018	Reported		Adjustment			Adjusted
Current liabilities:
Accrued liabilities	$	1,178,571	$	(389,610	)	$	788,961
Deferred revenue	—		690,905			690,905
Long-term liabilities:
Other liabilities	155,702		(155,702		)	—
Deferred revenue	—		168,465			168,465
Equity:
Retained earnings	8,728,628		(314,058		)	8,414,570

				New
	As			Revenue
Statements of Income	Previously			Standard			As
Three Months Ended December 31, 2017	Reported			Adjustment			Adjusted
Net sales	$	5,883,877		$	6,984		$	5,890,861
Cost of goods sold	3,997,922			15,935			4,013,857
Income tax provision	3,022,617			(6,079		)	3,016,538
Net (loss)	(2,937,721		)	(2,872		)	(2,940,593		)
(Loss) per common share:
Basic	$	(0.40	)	$	—		$	(0.40	)
Diluted	(0.40		)	—			(0.40		)

				New
	As			Revenue
Statements of Income	Previously			Standard			As
Six Months Ended December 31, 2017	Reported			Adjustment			Adjusted
Net sales	$	11,950,507		$	24,409		$	11,974,916
Cost of goods sold	8,390,598			23,664			8,414,262
Income tax provision	3,043,082			(852		)	3,042,230
Net (loss)	(2,920,221		)	1,597			(2,918,624		)
(Loss) per common share:
Basic	$	(0.40	)	$	—		$	(0.40	)
Diluted	(0.40		)	—			(0.40		)