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Consolidated Balance Sheets - USD ($)
Jun. 30, 2019
Jun. 30, 2018
[2]
Current assets:    
Cash and cash equivalents $ 2,228,282 $ 1,081,533 [1]
Accounts receivable, less allowance for doubtful accounts of $2,617 and $51,854, respectively 3,655,143 4,709,745
Inventories 6,851,448 6,138,679
Prepaid expenses and other current assets 133,889 206,776
Income taxes receivable 45,660 32,375
Total current assets 12,914,422 12,169,108
Equipment and leasehold improvements, net 890,110 1,132,105
Other assets:    
Deferred income taxes 13,276 [3]
Operating lease right-of-use asset 2,847,846 3,102,263
Cash surrender value of life insurance 6,569,628 6,374,372
Total other assets 9,430,750 9,476,635
Total assets 23,235,282 22,777,848
Current liabilities:    
Accounts payable 1,436,373 1,429,491
Accrued liabilities 650,513 788,961 [4]
Deferred revenue 645,470 690,905
Operating lease liability 265,443 254,418
Total current liabilities 2,997,799 3,163,775
Long-term liabilities:    
Deferred compensation 2,419,962 2,394,009
Deferred revenue 163,018 168,465
Operating lease liability 2,582,402 2,847,845
Total long-term liabilities 5,165,382 5,410,319
Total liabilities 8,163,181 8,574,094
Stockholders' equity:    
Common stock, $0.005 par value, authorized 20,000,000 shares; issued and outstanding 7,404,831 and 7,382,706 shares, respectively 37,024 36,914
Paid in capital 6,186,393 5,752,270
Retained earnings 8,848,684 8,414,570
Total stockholder' equity 15,072,101 14,203,754 [5]
Total liabilities and stockholders' equity $ 23,235,282 $ 22,777,848
[1] As adjusted for the retrospective adoption of ASC 606
[2] As adjusted for the retrospective adoption of ASC 606 and ASC 842
[3] As adjusted for the retrospective adoption of ASC 606 and ASC 842
[4] As adjusted for retrospective adoption of ASC 606
[5] As adjusted for the retrospective adoption of ASC 606