XML 48 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Statement of Comprehensive Income [Abstract]    
Revenues, net $ 34,967,963 $ 33,749,088
Cost of sales 21,125,464 21,230,168
Gross margin 13,842,499 12,518,920
Operating expenses:    
Selling, general and administrative 8,961,150 10,498,651
New product development 1,714,077 2,016,615
Amortization of intangibles 1,129,341 1,220,664
Gain on disposal of property and equipment (107,280) (77,047)
Total operating costs 11,697,288 13,658,883
Operating income (loss) 2,145,211 (1,139,963)
Other income (expense):    
Interest expense, net (339,446) (697,113)
Other income, net (174,838) (388,041)
Total other expense, net (514,284) (1,085,154)
Income (loss) before income taxes 1,630,927 (2,225,117)
Income tax provision 763,998 455,206
Net income (loss) 866,929 (2,680,323)
Foreign currency translation adjustment (72,626) 335,010
Comprehensive income (loss) $ 794,303 $ (2,345,313)
Earnings (loss) per common share (basic) $ 0.03 $ (0.10)
Number of shares used in per share calculation (basic) 25,853,419 25,794,669
Earnings (loss) per common share (diluted) $ 0.03 $ (0.10)
Number of shares used in per share calculation (diluted) 27,469,845 25,794,669