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Condensed Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2019
Jun. 30, 2019
Current Assets    
Cash $ 8,034,530 $ 7,807,928
Accounts receivable (net of allowances for doubtful accounts of $45,000) 12,718,743 12,760,042
Contract assets 1,007,813 995,847
Inventories 2,745,557 2,622,000
Prepaid expenses and other current assets 476,137 353,214
Income tax receivable 50,489
Total current assets 25,033,269 24,539,031
Property and equipment, net 3,944,164 3,604,744
Finite-life intangible assets, net 562,157 581,413
Other assets 137,716 45,044
Deferred income taxes 626,000 629,000
Total assets 30,303,306 29,399,232
Current Liabilities    
Current maturities of long-term debt 82,696 30,320
Accounts payable 1,046,149 586,575
Accrued compensation 1,100,594 1,404,662
Income tax payable 288,511
Warranty reserve 800,000 810,000
Other accrued liabilities 247,074 530,453
Total current liabilities 3,276,513 3,650,521
Other long-term liabilities 55,269 14,737
Total liabilities 3,331,782 3,665,258
Shareholders' Equity    
Common stock, $0.01 par value; authorized: 13,000,000 shares; 8,445,851 and 8,408,351 issued and outstanding at September 30, 2019 and June 30, 2019, respectively 84,459 84,084
Additional paid-in capital 16,350,445 16,127,826
Retained earnings 10,536,620 9,522,064
Total shareholders' equity 26,971,524 25,733,974
Total liabilities and shareholders' equity $ 30,303,306 $ 29,399,232