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BALANCE SHEETS (UNAUDITED) - USD ($)
Dec. 31, 2025
Jun. 30, 2025
Current Assets:    
Cash and cash equivalents $ 881,486 $ 1,773,735
Accounts receivable, net of allowance for credit losses of $99,258 at December 31, 2025 and $80,192 at June 30, 2025 4,871,494 4,336,730
Inventories, net 4,264,049 3,562,112
Prepaid expenses 404,448 385,390
Total current assets 10,421,477 10,057,967
Fixed Assets:    
Machinery and equipment 3,429,689 3,385,958
Leasehold improvements 1,273,875 871,356
Furniture and fixtures 604,473 538,428
Total fixed assets 5,308,037 4,795,742
Less—accumulated depreciation and amortization 4,318,690 4,261,950
Net fixed assets 989,347 533,792
Operating lease right-to-use asset 2,440,552 141,825
Patents, net 219,967 232,493
Goodwill 8,824,210 8,824,210
Total other assets 11,484,729 9,198,528
TOTAL ASSETS 22,895,553 19,790,287
Current Liabilities:    
Current portion of capital lease obligation 9,268 27,368
Current maturities of long-term debt 577,898 577,898
Accounts payable 6,044,688 2,909,100
Contract liabilities 1,976,816 1,821,929
Accrued compensation and other 1,128,356 764,004
Current portion of operating lease liability 213,734 50,995
Total current liabilities 9,950,760 6,151,294
Long-term debt, net of current maturities 1,000,255 1,289,205
Operating lease liability, net of current portion 2,614,804 90,954
Total liabilities 13,565,819 7,531,453
Stockholders’ Equity:    
Common stock, $0.01 par value: 50,000,000 shares authorized; issued and outstanding – 7,720,229 shares at December 31, 2025 and 7,714,701 at June 30, 2025 77,202 77,147
Additional paid-in capital 69,640,983 69,152,317
Accumulated deficit (60,388,451) (56,970,630)
Total stockholders’ equity 9,329,734 12,258,834
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 22,895,553 $ 19,790,287