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BALANCE SHEET - USD ($)
Dec. 31, 2020
Jun. 30, 2020
Current assets:    
Cash and cash equivalents $ 1,128,511 $ 2,600,083
Accounts receivable, net of allowances of $170,000 3,697,031 3,103,819
Inventories, net 10,220,254 8,928,688
Income tax receivable 21,298 12,178
Other current assets 330,986 229,805
Total current assets 15,398,080 14,874,573
Property, plant and equipment, net 3,986,031 4,139,693
Operating lease assets 15,264 17,326
Deferred income taxes 640,767 640,767
Total assets 20,040,142 19,672,359
Current liabilities:    
Current portion of Payroll Protection Program loan 1,839,696 1,042,655
Current portion of operating lease liability 4,506 4,249
Revolving credit facility 2,109,340 0
Accounts payable 3,060,274 2,940,006
Customer deposits 656,209 2,832,370
Other accrued liabilities 2,370,400 2,106,131
Total current liabilities 10,040,425 8,925,411
Long-term portion of Payroll Protection Program loan 535,163 1,332,204
Long-term operating lease liability 10,760 13,077
Long-term environmental liability 24,000 523,000
Commitments and contingencies
Stockholders' equity:    
Preferred stock 0 0
Common stock; $0.01 par value; 30,000,000 shares authorized; 5,213,902 shares issued at December 31, 2020 and June 30, 2020; 4,013,537 shares outstanding at December 31, 2020 and June 30, 2020 52,139 52,139
Additional paid-in capital 48,497,762 48,493,732
Accumulated deficit (18,139,319) (18,686,416)
Less treasury stock, at cost; 1,200,365 shares at December 31, 2020 and June 30, 2020, respectively (20,980,788) (20,980,788)
Total stockholders' equity 9,429,794 8,878,667
Total liabilities and stockholders' equity 20,040,142 19,672,359
Series A Preferred Stock    
Stockholders' equity:    
Preferred stock $ 0 $ 0