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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 2,319,000 $ 3,233,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 427,000 364,000
Deferred income taxes (90,000) 188,000
Stock-based compensation expense 104,000 17,000
Changes in operating assets and liabilities:    
Accounts receivable 3,726,000 1,240,000
Inventories (688,000) (2,402,000)
Prepaid expenses and other current assets 104,000 (137,000)
Accounts payable, accrued expenses, accrued salaries and wages, accrued income taxes (2,137,000) 424,000
Net Cash Provided by Operating Activities 3,765,000 2,927,000
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property, plant, and equipment (143,000) (181,000)
Net Cash Used in Investing Activities (143,000) (181,000)
Net Change in Cash and Cash Equivalents 3,622,000 2,746,000
CASH AND CASH EQUIVALENTS - Beginning 18,248,000 8,028,000
CASH AND CASH EQUIVALENTS - Ending 21,870,000 10,774,000
SUPPLEMENTAL CASH FLOW INFORMATION    
Interest paid 6,000 13,000
Income taxes paid $ 643,000 $ 735,000