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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2020
Jun. 30, 2019
Jun. 30, 2018
Current Assets:      
Cash and cash equivalents $ 632,131 $ 2,288,426 $ 402,738
Accounts receivable 1,479,077 2,165,107 796,923
Inventories 2,167,523 1,734,604 1,144,068
Prepaid expenses 131,279 180,336 70,991
Total current assets 4,410,010 6,368,473 2,414,720
Fixed Assets:      
Machinery and equipment 2,905,516 2,748,715 2,511,638
Leasehold improvements 724,680 668,446 553,596
Furniture and fixtures 178,640 168,450 148,303
Total 3,808,836 3,585,611 3,213,537
Less: Accumulated depreciation and amortization 3,278,054 3,202,605 3,164,051
Net Fixed Assets 530,782 383,006 49,486
Operating lease right-to-use asset 132,000  
Patents, net 86,908 54,087 47,275
Goodwill 687,664 687,664 0
TOTAL ASSETS 5,847,364 7,493,230 2,511,481
Current Liabilities:      
Current portion of capital lease obligation 70,436 9,572 8,962
Accounts payable 1,533,342 1,174,263 703,538
Customer advances 310,525 450,192 857,842
Accrued compensation and other 483,781 533,944 362,502
Amount due for business acquisition 0 1,443,341 0
Operating lease liability 56,196 0  
Total Current Liabilities 2,454,280 3,611,312 1,932,844
Capital lease obligation, net of current portion 38,001 5,027 14,601
Acquisition earn out liability 500,000 500,000 0
Operating lease liability 75,804 0  
Stockholders' Equity:      
Common stock, $0.01 par value: 50,000,000 shares authorized; issued and outstanding - 12,991,789 shares at March 31, 2020 and 12,071,139 shares at June 30, 2019 129,918 120,712 101,972
Additional paid-in capital 49,389,419 48,893,172 45,484,186
Accumulated deficit (46,740,058) (45,636,993) (45,022,122)
Total stockholders' equity 2,779,279 3,376,891 564,036
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 5,847,364 $ 7,493,230 $ 2,511,481