BALANCE SHEET - USD ($)	Sep. 30, 2017	Jun. 30, 2017
Current assets:
Cash and cash equivalents	$ 244,250	$ 995,704
Accounts receivable, net of allowances of $170,000	3,434,382	3,362,438
Inventories, net	9,133,913	8,511,954
Income tax receivable	13,455	12,555
Other current assets	332,009	315,678
Total current assets	13,158,009	13,198,329
Property, plant and equipment, net	5,506,318	5,734,041
Deferred income taxes	683,763	683,763
Other assets, net	7,686	20,516
Total assets	19,355,776	19,636,649
Current liabilities:
Accounts payable	1,568,807	1,440,403
Other accrued liabilities	2,367,280	2,009,966
Total current liabilities	3,936,087	3,450,369
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 September 30, 2017 and June 30, 2017; 4,013,537 shares outstanding at September 30, 2017 and June 30, 2017	52,139	52,139
Additional paid-in capital	48,486,035	48,485,390
Accumulated deficit	(12,137,697)	(11,370,461)
Less treasury stock, at cost; 1,200,365 shares at September 30, 2017 and June 30, 2017	(20,980,788)	(20,980,788)
Total stockholders’ equity	15,419,689	16,186,280
Total liabilities and stockholders’ equity	19,355,776	19,636,649
Series A Preferred Stock [Member]
Stockholders’ equity:
Preferred stock	$ 0	$ 0

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Balance Type:	credit
Period Type:	instant

- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.