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CONSOLIDATED STATEMENTS OF INCOME (USD $) | 12 Months Ended
--- | ---
Jun. 30, 2013 | Jun. 30, 2012
Net sales | $ 35,764,579 | $ 37,865,767
Cost of goods sold | 22,755,760 | 23,334,352
Gross profit | 13,008,819 | 14,531,415
Operating expenses: |  |
Selling, general and administrative expenses | 12,953,475 | 12,115,472
Unauthorized transaction related recoveries, net | (7,587,047) | (1,470,818)
Total operating expenses | 5,366,428 | 10,644,654
Income from operations | 7,642,391 | 3,886,761
Other income: |  |
Interest income | 11 | 29,322
Interest expense | 56,079 | 124,423
Total other income, net | 56,090 | 153,745
Income before income tax provision | 7,698,481 | 4,040,506
Income tax provision | 2,270,766 | 1,100,091
Net income | $ 5,427,715 | $ 2,940,415
Income per common share: |  |
Basic (in dollars per share) | $ 0.74 | $ 0.40
Diluted (in dollars per share) | $ 0.74 | $ 0.40
Dividends declared per common share (in dollars per share) | $ 0.24 | $ 0.24

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