XML 27 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Income (USD $)
3 Months Ended 6 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Net sales $ 7,998,319 $ 8,275,430 $ 15,204,345 $ 16,272,232
Cost of sales 4,899,404 5,062,472 9,394,582 10,057,176
Gross profit 3,098,915 3,212,958 5,809,763 6,215,056
Selling, general, and administrative expenses 2,565,282 2,686,401 5,024,386 5,381,268
Research and development expenses 274,379 412,861 540,646 769,208
Operating income 259,254 113,696 244,731 64,580
Interest income 118 14,600 447 15,515
Interest expense (66,114) (66,354) (132,881) (129,591)
Other income, net 6,885 10,237 14,238 15,746
Net other income (expense) (59,111) (41,517) (118,196) (98,330)
Income (loss) before income taxes 200,143 72,179 126,535 (33,750)
Income tax benefit (provision) (59,160) (25,845) (36,696) 11,824
Net income (loss) $ 140,983 $ 46,334 $ 89,839 $ (21,926)
Basic and diluted net income (loss) per common share $ 0.06 $ 0.02 $ 0.04 $ (0.01)
Basic 2,537,737 2,558,533 2,537,733 2,575,405
Diluted 2,538,257 2,566,458 2,538,295 2,575,405