XML 48 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Operations (USD $)
3 Months Ended 6 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2014
Dec. 31, 2013
Net sales $ 5,601,008us-gaap_SalesRevenueGoodsNet $ 4,122,059us-gaap_SalesRevenueGoodsNet $ 10,140,345us-gaap_SalesRevenueGoodsNet $ 7,197,643us-gaap_SalesRevenueGoodsNet
Cost of goods sold 1,767,175us-gaap_CostOfGoodsSold 1,229,409us-gaap_CostOfGoodsSold 3,353,280us-gaap_CostOfGoodsSold 2,574,739us-gaap_CostOfGoodsSold
Gross profit 3,833,833us-gaap_GrossProfit 2,892,650us-gaap_GrossProfit 6,787,065us-gaap_GrossProfit 4,622,904us-gaap_GrossProfit
Operating expenses:        
Selling expenses 2,085,174us-gaap_SellingExpense 1,683,699us-gaap_SellingExpense 4,104,460us-gaap_SellingExpense 3,512,529us-gaap_SellingExpense
General and administrative expenses 1,534,784us-gaap_GeneralAndAdministrativeExpense 1,120,926us-gaap_GeneralAndAdministrativeExpense 2,780,862us-gaap_GeneralAndAdministrativeExpense 2,342,241us-gaap_GeneralAndAdministrativeExpense
Research and development expenses 324,301us-gaap_ResearchAndDevelopmentExpense 435,019us-gaap_ResearchAndDevelopmentExpense 761,892us-gaap_ResearchAndDevelopmentExpense 907,907us-gaap_ResearchAndDevelopmentExpense
Total operating expenses 3,944,259us-gaap_OperatingExpenses 3,239,644us-gaap_OperatingExpenses 7,647,214us-gaap_OperatingExpenses 6,762,677us-gaap_OperatingExpenses
Loss from operations (110,426)us-gaap_OperatingIncomeLoss (346,994)us-gaap_OperatingIncomeLoss (860,149)us-gaap_OperatingIncomeLoss (2,139,773)us-gaap_OperatingIncomeLoss
Other income (expense):        
Interest income 19us-gaap_InvestmentIncomeInterest 19us-gaap_InvestmentIncomeInterest 44us-gaap_InvestmentIncomeInterest 38us-gaap_InvestmentIncomeInterest
Royalty income and license fees 1,044,941us-gaap_RoyaltyIncomeNonoperating 809,392us-gaap_RoyaltyIncomeNonoperating 2,192,892us-gaap_RoyaltyIncomeNonoperating 1,722,186us-gaap_RoyaltyIncomeNonoperating
Other (4,847)us-gaap_OtherNonoperatingIncomeExpense (5,304)us-gaap_OtherNonoperatingIncomeExpense (10,526)us-gaap_OtherNonoperatingIncomeExpense (11,565)us-gaap_OtherNonoperatingIncomeExpense
Total other income 1,040,113us-gaap_NonoperatingIncomeExpense 804,107us-gaap_NonoperatingIncomeExpense 2,182,410us-gaap_NonoperatingIncomeExpense 1,710,659us-gaap_NonoperatingIncomeExpense
Income/(loss) from continuing operations before income taxes 929,687us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 457,113us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 1,322,261us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest (429,114)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax expense 33,465us-gaap_IncomeTaxExpenseBenefit 2,750us-gaap_IncomeTaxExpenseBenefit 47,817us-gaap_IncomeTaxExpenseBenefit 5,500us-gaap_IncomeTaxExpenseBenefit
Net income/(loss) from continuing operations 896,222us-gaap_IncomeLossFromContinuingOperations 454,363us-gaap_IncomeLossFromContinuingOperations 1,274,444us-gaap_IncomeLossFromContinuingOperations (434,614)us-gaap_IncomeLossFromContinuingOperations
Discontinued operations:        
Income from discontinued operations net of tax expense of $0 and $0, respectively 4,975us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax 4,975us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax 9,950us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax 9,950us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
Net income from discontinued operations 4,975us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity 4,975us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity 9,950us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity 9,950us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
Net income/(loss) $ 901,197us-gaap_NetIncomeLoss $ 459,338us-gaap_NetIncomeLoss $ 1,284,394us-gaap_NetIncomeLoss $ (424,664)us-gaap_NetIncomeLoss
Net income/(loss) per share from continuing operations - Basic (in dollars per share) $ 0.12us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 0.06us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 0.17us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ (0.06)us-gaap_IncomeLossFromContinuingOperationsPerBasicShare
Net income per share from discontinued operations - Basic (in dollars per share) $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
Net income/(loss) per share - Basic (in dollars per share) $ 0.12us-gaap_EarningsPerShareBasic $ 0.06us-gaap_EarningsPerShareBasic $ 0.17us-gaap_EarningsPerShareBasic $ (0.06)us-gaap_EarningsPerShareBasic
Net income/(loss) per share from continuing operations - Diluted (in dollars per share) $ 0.11us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.06us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.16us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ (0.06)us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare
Net income per share from discontinued operations - Diluted (in dollars per share) $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
Net income/(loss) per share - Diluted (in dollars per share) $ 0.11us-gaap_EarningsPerShareDiluted $ 0.06us-gaap_EarningsPerShareDiluted $ 0.16us-gaap_EarningsPerShareDiluted $ (0.06)us-gaap_EarningsPerShareDiluted
Weighted average shares - Basic (in shares) 7,567,442us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 7,195,406us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 7,464,194us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 7,189,136us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Weighted average shares - Diluted (in shares) 8,170,821us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 7,712,903us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 7,907,627us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 7,189,136us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding