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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2019
Jun. 30, 2019
[1]
Current assets:    
Cash and cash equivalents $ 1,329,487 $ 2,228,282
Accounts receivable, less allowance for doubtful accounts of $5,201 and $2,617, respectively 3,132,158 3,655,143
Inventories, net 6,858,779 6,851,448
Prepaid expenses and other current assets 231,036 133,889
Income taxes receivable 47,921 45,660
Total current assets 11,599,381 12,914,422
Equipment and leasehold improvements, net 959,635 890,110
Other assets:    
Deferred income taxes 9,957 13,276
Operating lease right-of-use assets 2,782,537 2,847,846
Cash surrender value of life insurance 6,827,133 6,569,628
Total other assets 9,619,627 9,430,750
Total assets 22,178,643 23,235,282
Current liabilities:    
Accounts payable 572,178 1,436,373
Accrued liabilities 711,615 650,513
Deferred revenue 616,688 645,470
Operating lease liability 268,274 265,443
Total current liabilities 2,168,755 2,997,799
Long-term liabilities:    
Deferred compensation 2,419,478 2,419,962
Deferred revenue 166,607 163,018
Operating lease liability 2,514,263 2,582,402
Total long-term liabilities 5,100,348 5,165,382
Total liabilities 7,269,103 8,163,181
Stockholders' equity:    
Common stock, $0.005 par value, authorized 20,000,000 shares; issued and outstanding 7,404,831 37,024 37,024
Paid in capital 6,481,323 6,333,135
Retained earnings 8,391,193 8,701,942
Total stockholders' equity 14,909,540 15,072,101
Total liabilities and stockholders' equity $ 22,178,643 $ 23,235,282
[1] As adjusted for change in accounting principle (Note 2)