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BALANCE SHEET - USD ($)
Jun. 30, 2018
Jun. 30, 2017
Current assets:    
Cash and cash equivalents $ 136,112 $ 995,704
Accounts receivable, net of allowances of $170,000 3,747,993 3,362,438
Inventories, net 7,830,541 8,511,954
Income tax receivable 12,178 12,555
Other current assets 250,605 315,678
Total current assets 11,977,429 13,198,329
Property, plant and equipment, net 4,823,149 5,734,041
Deferred income taxes 520,663 683,763
Other assets, net 0 20,516
Total assets 17,321,241 19,636,649
Current liabilities:    
Accounts payable 1,473,618 1,440,403
Other accrued liabilities 1,850,683 2,009,966
Total current liabilities 3,324,301 3,450,369
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, 2018 and June 30, 2017; 4,013,537 shares outstanding at June 30, 2018 and June 30, 2017 52,139 52,139
Additional paid-in capital 48,488,220 48,485,390
Accumulated deficit (13,562,631) (11,370,461)
Less: treasury stock, at cost; 1,200,365 shares at June 30, 2018 and 2017 (20,980,788) (20,980,788)
Total stockholders' equity 13,996,940 16,186,280
Total liabilities and stockholders' equity 17,321,241 19,636,649
Series A preferred stock [Member]    
Stockholders' equity:    
Preferred stock $ 0 $ 0