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COMPOSITION OF CERTAIN FINANCIAL STATEMENT ITEMS | 12 Months Ended
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Jun. 30, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
COMPOSITION OF CERTAIN FINANCIAL STATEMENT ITEMS | NOTE 4 – COMPOSITION OF CERTAIN FINANCIAL STATEMENT ITEMS Inventories
|  | June 30, |
|  | 2013 |  |  | 2012 |
Raw materials / purchased components |  | $ | 1,640,000 |  |  | $ | 1,087,000 |
Work in process |  |  | 572,000 |  |  |  | 579,000 |
Sub-assemblies / finished components |  |  | 1,291,000 |  |  |  | 895,000 |
Finished goods |  |  | 331,000 |  |  |  | 230,000 |
|  | $ | 3,834,000 |  |  | $ | 2,791,000 |
Investments
|  | June 30, |
|  | 2013 |  |  | 2012 |
Marketable equity securities |  | $ | 370,000 |  |  |  | — |
Investments at June 30, 2013 have an aggregate cost basis of $365,000, gross unrealized gains aggregating $5,000 and no unrealized losses. There were no investments at June 30, 2012. In September 2013, our Board approved a share repurchase program authorizing the Company, at the direction of the Investment Committee of the Board to repurchase up to 750,000 shares of our common stock under parameters to be determined by the Investment Committee. The repurchase program has no stated expiration date. Equipment and Leasehold Improvements
|  | June 30, |
|  | 2013 |  |  | 2012 |
Equipment |  | $ | 6,833,000 |  |  | $ | 6,735,000 |
Leasehold improvements |  |  | 2,312,000 |  |  |  | 2,307,000 |
Total |  |  | 9,145,000 |  |  |  | 9,042,000 |
Accumulated depreciation |  |  | (7,080,000 | ) |  |  | (6,503,000 | )
|  | $ | 2,065,000 |  |  | $ | 2,539,000 |
Depreciation expense, which includes capital lease amortization, for the years ended June 30, 2013 and 2012 amounted to $582,000 and $647,000, respectively. Accrued Expenses
|  | June 30, |
|  | 2013 |  |  | 2012 |
Warranty |  | $ | 323,000 |  |  | $ | 526,000 |
Payroll and related items |  |  | 243,000 |  |  |  | 400,000 |
Accrued losses on development contracts |  |  | 176,000 |  |  |  | — |
Termination benefits |  |  | 165,000 |  |  |  | 13,000 |
Unvouchered inventory in transit |  |  | 142,000 |  |  |  | 234,000 |
Other |  |  | 227,000 |  |  |  | 232,000 |
|  | $ | 1,276,000 |  |  | $ | 1,405,000 |
Accumulated Other Comprehensive Income
|  | June 30, |
|  | 2013 |  |  | 2012 |
Unrealized gain on marketable equity securities |  | $ | 5,000 |  |  |  | — |

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- Definition The entire disclosures of supplemental information, including descriptions and amounts, related to the balance sheet, income statement, and/or cash flow statement. + References No definition available. + Details
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