XML 46 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2020
Jun. 30, 2019
Current assets:    
Cash and cash equivalents $ 5,387,388 $ 4,604,701
Trade accounts receivable, net of allowance of $9,917 and $29,406 6,188,726 6,210,831
Inventories, net 8,984,482 7,684,527
Other receivables 132,051 353,695
Prepaid expenses and other assets 565,181 754,640
Total current assets 21,257,828 19,608,394
Property and equipment, net 11,799,061 11,731,084
Operating lease right-of-use assets 1,220,430 0
Intangible assets, net 6,707,964 7,837,306
Goodwill 5,854,905 5,854,905
Deferred tax assets 659,000 652,000
Other assets 75,730 289,491
Total assets 47,574,918 45,973,180
Current liabilities:    
Accounts payable 2,558,638 2,227,768
Accrued liabilities 992,221 1,338,912
Accrued payroll and benefits 1,827,740 1,730,658
Operating lease liabilities, current 765,422 0
Deferred rent, current portion 0 72,151
Loan payable, current portion 981,350 581,350
Finance lease obligation, current portion 278,040 404,424
Total current liabilities 7,403,411 6,355,263
Finance lease obligation, less current portion 279,435 640,284
Operating lease liabilities, noncurrent 887,766 0
Deferred rent, noncurrent 0 518,364
Loan payable, less current portion 4,437,365 5,000,143
Total liabilities 13,007,977 12,514,054
Stockholders' equity:    
Preferred stock: Series D, $.01 par value, voting; 500,000 shares authorized; none issued and outstanding 0 0
Common stock: Class A, $.01 par value, voting; 44,500,000 shares authorized; 25,891,885 and 25,813,895 shares issued and outstanding 258,919 258,139
Additional paid-in capital 230,634,056 230,321,324
Accumulated other comprehensive income 735,892 808,518
Accumulated deficit (197,061,926) (197,928,855)
Total stockholders' equity 34,566,941 33,459,126
Total liabilities and stockholders' equity $ 47,574,918 $ 45,973,180