XML 47 R2.htm IDEA: XBRL DOCUMENT v3.20.2
STATEMENT OF OPERATIONS - USD ($)
12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2018
STATEMENT OF OPERATIONS      
Net sales $ 31,894,262 $ 31,381,521 $ 33,759,953
Cost of sales 26,323,646 26,342,894 27,309,511
Gross profit 5,570,616 5,038,627 6,450,442
Selling, general and administrative expenses 8,632,795 7,812,649 8,446,056
Loss from operations (3,062,179) (2,774,022) (1,995,614)
Other (income) expenses:      
Interest expense 64,682 56,223 23,569
Interest income (654) (138) (288)
Legal settlement 0 (750,000) 0
Other, net 18,252 130 237
Nonoperating Income (Expense) 82,280 (693,785) 23,518
Loss before provision for income taxes (3,144,459) (2,080,237) (2,019,132)
Provision for (benefit from) income taxes (130,359) 29,448 173,038
Net loss $ (3,014,100) $ (2,109,685) $ (2,192,170)
Basic earnings (loss) per share $ (0.75) $ (0.53) $ (0.55)
Diluted earnings (loss) per share $ (0.75) $ (0.53) $ (0.55)
Weighted average shares outstanding - Basic 4,013,537 4,013,537 4,013,537
Weighted average shares outstanding - Diluted 4,013,537 4,013,537 4,013,537