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Condensed Balance Sheets (Unaudited) - USD ($)
Dec. 31, 2023
Jun. 30, 2023
Current Assets    
Cash and cash equivalents $ 10,434,000 $ 7,372,000
Accounts receivable (net of allowances for doubtful accounts of $45,000) 22,988,000 24,130,000
Contract assets 574,000 487,000
Inventories 4,760,000 4,221,000
Prepaid expenses and other current assets 509,000 1,577,000
Total current assets 39,265,000 37,787,000
Property and equipment, net 5,377,000 5,672,000
Finite-life intangible assets, net 616,000 605,000
Other assets 125,000 161,000
Deferred income taxes 1,581,000 1,581,000
Total assets 46,964,000 45,806,000
Current Liabilities    
Accounts payable 1,041,000 1,372,000
Accrued compensation 2,806,000 3,018,000
Income tax payable 253,000 336,000
Warranty reserve 1,483,000 1,378,000
Other accrued liabilities 990,000 1,949,000
Total current liabilities 6,573,000 8,053,000
Other long-term liabilities 49,000 86,000
Total liabilities 6,622,000 8,139,000
Shareholders’ Equity    
Common stock, $0.01 par value per share, 13,000,000 shares authorized; 8,602,677 and 8,555,238 shares issued and outstanding, as of December 31, 2023 and June 30, 2023, respectively 86,000 86,000
Additional paid-in capital 19,634,000 18,788,000
Retained earnings 20,622,000 18,793,000
Total shareholders’ equity 40,342,000 37,667,000
Total liabilities and shareholders’ equity $ 46,964,000 $ 45,806,000