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Condensed Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Jun. 30, 2021
Current assets:    
Cash and cash equivalents $ 3,422,233 $ 6,102,447
Restricted cash 151,197 151,197
Trade accounts receivable, less allowance for doubtful accounts of $281,648 and $398,887 as of December 31, 2021 and June 30, 2021, respectively 5,591,857 5,643,016
Other receivables 376,948 1,201,888
Inventories, net 9,324,155 6,526,095
Prepaid expenses 1,648,083 1,281,223
Total current assets 20,514,473 20,905,866
Property and equipment, net 3,061,053 3,328,185
Operating lease assets 2,016,211 2,456,539
Intangible assets, net 4,575,925 4,928,875
Goodwill 7,116,614 7,116,614
Other assets 389,462 403,916
Total assets 37,673,738 39,139,995
Current liabilities:    
Accounts payable 4,682,080 3,737,930
Accrued payroll and benefits expense 1,237,284 1,656,311
Accrued expenses 1,037,049 1,485,123
Warranty reserve 196,707 196,707
Current portion of long-term debt 11,923 13,448
Current portion of finance lease liability 345,826 335,444
Current portion of deferred gain 150,448 150,448
Current portion of operating lease liability 920,856 864,081
Other liabilities 23,856 33,194
Total current liabilities 8,606,029 8,472,686
Long-term debt, net of current portion 244 5,362
Finance lease liability, net of current portion 2,084,906 2,260,815
Deferred gain, net of current portion 1,002,986 1,078,210
Operating lease liability, net of current portion 1,106,880 1,605,477
Other liabilities 205,811 203,920
Total liabilities 13,006,856 13,626,470
Stockholders' equity:    
Preferred stock, no par value: Authorized 50,000,000 shares; 3,351,000 shares issued and outstanding as of December 31, 2021 and June 30, 2021, respectively 7,980,788 7,980,788
Common stock, no par value: Authorized 100,000,000 shares; 17,732,440 shares and 17,364,654 shares issued and outstanding as of December 31, 2021 and June 30, 2021, respectively 33,102,691 32,621,471
Accumulated deficit (16,416,597) (15,088,734)
Total stockholders' equity 24,666,882 25,513,525
Total liabilities and stockholders' equity $ 37,673,738 $ 39,139,995