Note 2. Acquisitions (Tables)

9 Months Ended

Mar. 31, 2018

Note 2. Acquisitions Tables

Acquisition

Cash and cash equivalents	$	4,104
Trade accounts receivable		2,232,703
Inventories		4,137,181
Prepaid expenses		92,990
Property and equipment		1,228,000
Intangible assets		5,016,000
Goodwill		3,570,376
Warranty reserve		(5,000	)
Accounts payable		(607,084	)
Accrued expenses		(265,732	)
Accrued payroll and benefits		(189,579	)
Purchase price	$	15,213,959

Cash and cash equivalents	$	600
Trade accounts receivable		1,691,420
Inventories		2,117,430
Prepaid expenses		136,841
Property and equipment		512,950
Intangible assets		2,689,000
Goodwill		4,302,486
Warranty reserve		(50,000	)
Accounts payable		(544,625	)
Accrued expenses		(33,981	)
Accrued payroll and benefits		(661,288	)
Purchase price	$	10,160,833

Acquisition earn out liability and holdbacks

October 2, 2018	$	180,624
April 1, 2019		466,667
August 15, 2019		1,500,000
Acquisition holdback	$	2,147,291

Pro forma net sales and net loss

	Net Sales		Net Loss
Unaudited supplemental pro forma July 1, 2017 to March 31, 2018	$	53,968,355	$	(1,017,788	)
Unaudited supplemental pro forma July 1, 2016 to June 30, 2017	$	60,027,677	$	(285,951	)