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BALANCE SHEET - USD ($)
Jun. 30, 2020
Jun. 30, 2019
Current assets:    
Cash and cash equivalents $ 2,600,083 $ 195,454
Accounts receivable, net of allowances of $170,000 3,103,819 3,165,289
Inventories, net 8,928,688 7,333,095
Income tax receivable 12,178 12,178
Other current assets 229,805 244,908
Total current assets 14,874,573 10,950,924
Property, plant and equipment, net 4,139,693 4,001,081
Operating lease assets 17,326 0
Deferred income taxes 640,767 501,891
Total assets 19,672,359 15,453,896
Current liabilities:    
Current portion of Payroll Protection Program loan 1,042,655 0
Current portion of operating lease liability 4,249 0
Accounts payable 2,940,006 1,469,232
Customer deposits 2,832,370 562,905
Other accrued liabilities 2,106,131 1,531,407
Total current liabilities 8,925,411 3,563,544
Long-term operating lease liability 13,077 0
Long-term portion of Payroll Protection Program 1,332,204 0
Long-term environmental liability 523,000 0
Commitments and contingencies (Notes 4 and 9)
Stockholders' equity:    
Preferred stock 0 0
Common stock; $0.01 par value; 30,000,000 shares authorized; 5,213,902 shares issued at June 30, 2020 and June 30, 2019; 4,013,537 shares outstanding at June 30, 2020 and June 30, 2019 52,139 52,139
Additional paid-in capital 48,493,732 48,491,317
Accumulated deficit (18,686,416) (15,672,316)
Less: treasury stock, at cost; 1,200,365 shares at June 30, 2020 and 2019 (20,980,788) (20,980,788)
Total stockholders' equity 8,878,667 11,890,352
Total liabilities and stockholders' equity 19,672,359 15,453,896
Series A Preferred Stock    
Stockholders' equity:    
Preferred stock $ 0 $ 0