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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2018
Jun. 30, 2017
Current assets:    
Cash and cash equivalents $ 1,696,116 $ 254,705
Trade accounts receivable, less allowance for doubtful accounts of $370,300 as of June 30, 2018 and $382,333 as of June 30, 2017 7,810,846 5,281,348
Other receivables 52,819 33,388
Inventories, net 10,987,855 7,397,682
Prepaid expenses 778,654 503,800
Income tax receivable 95,501 0
Total current assets 21,421,791 13,470,923
Property and equipment, net 5,850,899 4,973,477
Intangible assets, net 7,131,758 2,754,118
Goodwill 7,116,614 4,302,486
Other assets 532,872 562,873
Total assets 42,053,934 26,063,877
Current liabilities:    
Accounts payable 3,412,960 2,334,563
Accrued payroll and benefits expense 1,929,465 1,472,773
Accrued expenses 830,243 656,839
Income tax payable 0 8,438
Warranty reserve 205,850 202,000
Line of credit 6,286,037 2,171,935
Current portion of long-term debt 164,003 151,808
Current portion of capital lease obligations 226,727 193,818
Current portion of deferred gain 150,448 150,448
Current portion of acquisition holdback 1,379,512 294,744
Total current liabilities 14,585,245 7,637,366
Long-term debt, net of current portion 303,348 461,806
Capital lease, net of current portion 2,972,540 3,087,729
Deferred gain, net of current portion 1,529,553 1,680,001
Acquisition holdback, net of current portion 875,000 750,000
Other liabilities 411,466 122,585
Total liabilities 20,677,152 13,739,487
Commitments and contingencies
Stockholders' equity:    
Preferred stock, no par value: Authorized 50,000,000 shares; 4,899,000 shares and 3,559,000 shares issued and outstanding as of June 30, 2018 and June 30, 2017, respectively 11,641,816 8,501,295
Common stock, no par value: Authorized 100,000,000 shares; 8,089,398 shares and 4,653,165 shares issued and outstanding as of June 30, 2018 and June 30, 2017, respectively 20,225,107 11,838,022
Accumulated deficit (10,490,141) (8,014,927)
Total stockholders' equity 21,376,782 12,324,390
Total liabilities and stockholders' equity $ 42,053,934 $ 26,063,877