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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Dec. 31, 2019
Jun. 30, 2019
[1]
Current assets:    
Cash and cash equivalents $ 2,229,084 $ 2,228,282
Accounts receivable, less allowance for doubtful accounts of $4,358 and $2,617, respectively 2,467,767 3,655,143
Inventories, net 6,701,311 6,851,448
Prepaid expenses and other current assets 234,613 133,889
Income taxes receivable 56,229 45,660
Total current assets 11,689,004 12,914,422
Equipment and leasehold improvements, net 940,364 890,110
Other assets:    
Deferred income taxes 1,626 13,276
Operating lease right-of-use assets 2,716,532 2,847,846
Cash surrender value of life insurance 6,828,027 6,569,628
Total other assets 9,546,185 9,430,750
Total assets 22,175,553 23,235,282
Current liabilities:    
Accounts payable 829,274 1,436,373
Accrued liabilities 761,825 650,513
Deferred revenue 495,144 645,470
Operating lease liability 271,134 265,443
Total current liabilities 2,357,377 2,997,799
Long-term liabilities:    
Deferred compensation 2,381,978 2,419,962
Deferred revenue 160,268 163,018
Operating lease liability 2,445,397 2,582,402
Total long-term liabilities 4,987,643 5,165,382
Total liabilities 7,345,020 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 6,618,029 6,333,135
Retained earnings 8,175,480 8,701,942
Total stockholders' equity 14,830,533 15,072,101
Total liabilities and stockholders' equity $ 22,175,553 $ 23,235,282
[1] As adjusted for change in accounting principle (Note 2)