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CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2019
Jun. 30, 2019
Jun. 30, 2018
Current Assets:      
Cash and cash equivalents $ 849,135 $ 2,288,426 $ 402,738
Accounts receivable (net of allowance for doubtful accounts of $246,953 at June 30, 2019 and $232,500 at June 30, 2018) 1,645,765 2,165,107 796,923
Inventories 2,071,852 1,734,604 1,144,068
Prepaid expenses 181,106 180,336 70,991
Total current assets 4,747,858 6,368,473 2,414,720
Fixed Assets:      
Machinery and equipment 2,755,076 2,748,715 2,511,638
Leasehold improvements 683,970 668,446 553,596
Furniture and fixtures 168,450 168,450 148,303
Total 3,607,496 3,585,611 3,213,537
Less: Accumulated depreciation and amortization 3,225,525 3,202,605 3,164,051
Net fixed assets 381,971 383,006 49,486
Operating lease right-to-use asset 158,690    
Patents, net 60,841 54,087 47,275
Goodwill 687,664 687,664 0
TOTAL ASSETS 6,037,024 7,493,230 2,511,481
Current Liabilities:      
Current portion of capital lease obligation 9,731 9,572 8,962
Accounts payable 1,036,188 1,174,263 703,538
Customer advances 513,623 450,192 857,842
Accrued compensation and other 370,296 533,944 362,502
Amount due for business acquisition 0 1,443,341 0
Operating lease liability 54,310    
Total current liabilities 1,984,148 3,611,312 1,932,844
Capital lease obligation, net of current portion 2,535 5,027 14,601
Acquisition earn out liability 500,000 500,000 0
Operating lease liability 104,380    
Stockholders' Equity:      
Common stock, $0.01 par value: 50,000,000 shares authorized; issued and outstanding ? 12,071,139 shares at June 30, 2019 and 10,197,139 shares at June 30, 2018 128,687 120,712 101,972
Additional paid-in capital 49,040,377 48,893,172 45,484,186
Accumulated deficit (45,723,103) (45,636,993) (45,022,122)
Total stockholders' equity 3,445,961 3,376,891 564,036
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 6,037,024 $ 7,493,230 $ 2,511,481