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Income Taxes | 12 Months Ended
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Jun. 30, 2016
Income Tax Disclosure [Abstract] |
Income Taxes |
8. Income Taxes | The following are the components of income taxes:
Fiscal years ended June 30, |  | 2016 |  | 2015
Current |  |  |  |  |  |  |  |
Federal |  | $ | 895,423 |  |  | $ | 878,700 |
State |  |  | 153,278 |  |  |  | 150,416 |
|  |  | 1,048,701 |  |  |  | 1,029,116 |
Deferred |  |  |  |  |  |  |  |
Federal |  |  | 3,790 |  |  |  | (15,527 | )
State |  |  | 649 |  |  |  | (2,658 | )
|  |  | 4,439 |  |  |  | (18,185 | )
|  | $ | 1,053,140 |  |  | $ | 1,010,931 |
| The reconciliation of income tax expense computed at the federal statutory tax rate of 34% to the provision for income taxes is as follows:
Fiscal years ended June 30, |  | 2016 |  | 2015
Tax at the statutory rate |  | $ | 949,681 |  |  | $ | 912,134 |
State income taxes, net of federal benefit |  |  | 101,392 |  |  |  | 97,384 |
Other |  |  | 2,067 |  |  |  | 1,413 |
|  | $ | 1,053,140 |  |  | $ | 1,010,931 |
Effective tax rate |  |  | 37.7% |  |  |  | 37.7% |
| Deferred income taxes reflect the net tax effect of temporary differences between the bases of assets and liabilities for financial reporting purposes and the bases used for income tax purposes. Significant components of the Company’s current and noncurrent deferred tax assets and liabilities are as follows:
Fiscal years ended June 30, |  | 2016 |  | 2015
Current deferred tax assets: |  |  |  |  |  |  |  |
Allowance for doubtful accounts |  | $ | 60,209 |  |  | $ | 50,425 |
Inventory capitalization |  |  | 30,364 |  |  |  | 36,361 |
Inventory reserves |  |  | 18,310 |  |  |  | 22,475 |
|  |  | 108,883 |  |  |  | 109,261 |
Noncurrent deferred tax assets: |  |  |  |  |  |  |  |
Equipment and improvements |  |  | 10,024 |  |  |  | 13,725 |
License, trademarks and other intangible assets |  |  | 2,582 |  |  |  | 2,942 |
|  |  | 12,606 |  |  |  | 16,667 |
Total deferred income tax assets |  | $ | 121,489 |  |  | $ | 125,928 |
| As of June 30, 2016, the Company was subject to potential federal and state tax examinations for the tax years including and subsequent to 2012.

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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32559-109319 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32718-109319 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32639-109319 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32537-109319 + Details
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