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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 6,805,000 $ 4,373,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 744,000 668,000
Provision for (recovery of) doubtful accounts 39,000 (13,000)
Deferred income taxes 491,000 100,000
Stock based compensation expense 325,000 152,000
Changes in operating assets and liabilities:    
Accounts receivable 2,833,000 4,671,000
Inventories (7,068,000) (4,608,000)
Prepaid expenses and other current assets 218,000 565,000
Other assets 0 (11,000)
Accounts payable, accrued expenses, accrued salaries and wages, accrued income taxes 426,000 449,000
Net Cash Provided by Operating Activities 4,813,000 6,346,000
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property, plant, and equipment (1,063,000) (1,119,000)
Net Cash Used in Investing Activities (1,063,000) (1,119,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from stock option exercises 0 24,000
Cash paid for purchase of treasury stock 0 (2,638,000)
Net Cash Used in Financing Activities 0 (2,614,000)
Net Change in Cash and Cash Equivalents 3,750,000 2,613,000
CASH AND CASH EQUIVALENTS - Beginning 8,028,000 5,308,000
CASH AND CASH EQUIVALENTS - Ending 11,778,000 7,921,000
SUPPLEMENTAL CASH FLOW INFORMATION    
Interest paid 18,000 17,000
Income taxes paid $ 734,000 $ 258,000