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Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Mar. 31, 2018
Mar. 31, 2017
Consolidated Statements Of Comprehensive Income        
Revenues, net $ 8,503,628 $ 8,490,042 $ 24,437,094 $ 19,360,109
Cost of sales 5,211,602 4,267,318 14,344,015 9,007,180
Gross margin 3,292,026 4,222,724 10,093,079 10,352,929
Operating expenses:        
Selling, general and administrative 2,362,578 2,329,762 7,054,996 6,190,705
New product development 384,380 308,394 1,178,849 853,939
Amortization of intangibles 329,270 304,809 987,812 304,809
Loss on disposal of property and equipment 0 0 3,315 0
Total operating costs and expenses 3,076,228 2,942,965 9,224,972 7,349,453
Operating income 215,798 1,279,759 868,107 3,003,476
Other income (expense):        
Interest expense (118,890) (154,639) (434,671) (167,832)
Interest expense - debt costs 461,686 (38,338) 382,459 (38,338)
Change in fair value of warrant liability 0 (748,169) (194,632) (457,784)
Other income (expense), net 484,531 27,985 927,383 (228,935)
Total other income (expense), net 827,327 (913,161) 680,539 (892,889)
Income before income taxes 1,043,125 366,598 1,548,646 2,110,587
Provision for income taxes (183,154) 265,774 (318,678) 771,600
Net income 1,226,279 100,824 1,867,324 1,338,987
Foreign currency translation adjustment 77,477 38,636 200,886 113,818
Comprehensive income $ 1,303,756 $ 139,460 $ 2,068,210 $ 1,452,805
Earnings per common share (basic) $ 0.05 $ 0.00 $ 0.08 $ 0.07
Number of shares used in per share calculation (basic) 25,546,512 23,818,136 24,763,458 18,621,072
Earnings per common share (diluted) $ 0.04 $ 0.00 $ 0.07 $ 0.07
Number of shares used in per share calculation (diluted) 27,281,010 25,628,703 26,618,956 20,145,976