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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2019
Jun. 30, 2018
Current assets:    
Cash and cash equivalents $ 9,012,220 $ 10,979,455
Accounts receivable, less allowance for doubtful accounts of $160,000 and $200,000, respectively 5,333,839 5,245,549
Inventories, net 6,332,586 5,019,886
Prepaid expenses and other current assets 864,452 611,647
Total current assets 21,543,097 21,856,537
Property, plant and equipment, net of accumulated amortization and depreciation of $10,097,703 and $9,023,235, respectively 4,394,548 4,188,378
Patents, net of accumulated amortization of $1,169,131 and $1,063,393, respectively 779,621 757,447
Goodwill 1,701,094 1,701,094
Contract assets 960,000
Intangible and other assets 433,842 517,295
Total assets 29,812,202 29,020,751
Current liabilities:    
Accounts payable 3,521,657 1,794,098
Accrued expenses and other current liabilities 2,325,023 2,411,172
Deferred income 3,995 13,303
Total current liabilities 5,850,675 4,218,573
Non current liabilities 401,000 401,000
Total liabilities 6,251,675 4,619,573
Commitments and contingencies
Shareholders' equity:    
Common stock, $.01 par value-shares authorized 40,000,000; 9,641,103 and 9,430,466 shares issued and outstanding in each period 96,411 94,305
Additional paid-in capital 43,011,214 39,772,973
Accumulated deficit (19,547,098) (15,466,100)
Total shareholders' equity 23,560,527 24,401,178
Total liabilities and shareholders' equity $ 29,812,202 $ 29,020,751