6. BUSINESS ACQUISITION (Tables)

9 Months Ended

12 Months Ended

Mar. 31, 2020

Jun. 30, 2019

Business Combinations [Abstract]

Allocation of purchase price

At Acquisition Effective Date June 1, 2019	Amount
Cash and cash equivalents	$	163,204
Trade accounts receivable, net		652,898
Inventories		728,046
Other current assets		2,889
Fixed assets		232,036
Total Assets Acquired		1,779,073
Accounts payable		401,360
Customer advances		24,350
Accrued compensation and other		41,027
Total Liabilities Assumed		466,737
Net assets acquired		1,312,336
Goodwill		687,664
Total Purchase Price-Initial and Contingent Consideration	$	2,000,000

Pro forma operating results

Pro forma operating results include net adjustments resulting from the acquisition transaction.

	Three Months Ended March 31,					Nine Months Ended March 31,
	2020			2019		2020			2019
	(Actual)			(Pro Forma)		(Actual)			(Pro Forma)
Revenues	$	2,374,584		$	2,413,438	$	7,686,330		$	7,348,803
Net income (loss)		(466,130	)		75,430		(1,103,065	)		163,828
Income (loss) per share
Basic	$	(0.04	)	$	0.01	$	(0.09	)	$	0.01
Fully diluted	$	(0.04	)	$	0.01	$	(0.09	)	$	0.01

	2019		2018
Revenues	$	10,539,623	$	7,932,325
Net Income	$	121,946	$	472,317
Earnings per Share
Basic	$	0.01	$	0.05
Fully Diluted	$	0.01	$	0.05