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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Sep. 30, 2021
Jun. 30, 2021
Current Assets:    
Cash and cash equivalents $ 1,669,569 $ 861,650
Accounts receivable (net of allowance for doubtful accounts of $252,133 at September 30, 2021 and $251,383 at June 30, 2021) 1,711,192 1,878,755
Inventories 2,120,890 1,885,395
Prepaid expenses 142,326 150,635
Total current assets 5,643,977 4,776,435
Fixed Assets:    
Machinery and equipment 3,108,023 3,084,511
Leasehold improvements 793,536 792,723
Furniture and fixtures 178,640 178,640
Less—Accumulated depreciation and amortization 3,503,902 3,461,622
Net fixed assets 576,297 594,252
Operating lease right-to-use asset 46,244 61,247
Patents, net 147,743 141,702
Goodwill 687,664 687,664
TOTAL ASSETS 7,101,925 6,261,300
Current Liabilities:    
Current portion of capital lease obligation 38,923 38,347
Accounts payable 1,286,240 1,205,149
Customer advances 336,572 450,084
Accrued compensation and other 883,770 589,616
Operating lease liability 46,244 61,247
Total current liabilities 2,758,416 2,511,110
Capital lease obligation, net of current portion 142,446 152,397
Operating lease liability, net of current portion 0 0
Stockholders’ Equity:    
Common stock, $0.01 par value: 50,000,000 shares authorized; issued and outstanding – 13,282,476 shares at September 30, 2021 and at June 30, 2021 132,825 132,825
Additional paid-in capital 50,614,351 50,464,280
Accumulated deficit (47,742,779) (47,165,978)
Total stockholders’ equity 4,034,397 3,431,127
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 7,101,925 $ 6,261,300