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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
NET SALES $ 1,127,695 $ 914,462 $ 2,310,992 $ 2,005,088
COST OF SALES 325,130 239,891 645,567 544,192
GROSS PROFIT 802,565 674,571 1,665,425 1,460,896
OPERATING EXPENSES        
Salaries and Benefits 417,518 373,299 810,707 732,734
Selling, General and Administrative 382,096 374,334 736,737 679,616
799,614 747,633 1,547,444 1,412,350
INCOME / (LOSS) FROM OPERATIONS 2,951 (73,062) 117,981 48,546
OTHER INCOME (EXPENSE)        
Interest Income 1,186 967 1,577 1,151
1,186 967 1,577 1,151
INCOME / (LOSS) BEFORE INCOME TAXES 4,137 (72,095) 119,558 49,697
INCOME TAX (EXPENSE) / BENEFIT (4,342) 4,028 (35,922) (30,486)
NET INCOME / (LOSS) (204) (68,067) 83,636 19,211
Dividend requirements on preferred stock (4,179) (4,178) (8,356) (8,605)
Basic net income (loss) available to common shares $ (4,384) $ (72,245) $ 75,280 $ 10,606
Basic net income (loss) per common share (in dollars per share) $ 0 $ (0.01) $ 0.01 $ 0
Weighted average number of common shares outstanding (in shares) 8,077,388 8,077,388 8,077,388 8,077,388
Diluted net income (loss) per common share (in dollars per share) $ 0 $ (0.01) $ 0.01 $ 0
Weighted average number of common shares outstanding, diluted (in shares) 8,077,388 8,077,388 8,319,488 8,319,488