Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
Dec. 31, 2011
Jun. 30, 2011
Current assets    
Cash and cash equivalents $ 6,665,791 $ 6,907,020
Accounts and trade notes receivable, net of allowance for doubtful accounts 1,351,020 1,227,491
Inventories, net 1,818,911 2,290,904
Refundable income taxes 143,509   
Deferred income taxes 116,530 124,431
Lease and mortgage receivables, net 28,556 68,740
Other current assets 221,979 59,028
Total current assets 10,346,296 10,677,614
Leases and mortgages receivable - due after one year 33,969 33,969
Equipment and improvements, net 143,659 156,792
Franchise license, trademarks and other intangible assets, net 72,584 79,279
Deferred income taxes 52,027 47,847
Total assets 10,648,535 10,995,501
Current liabilities    
Accounts payable and accrued expenses 749,530 1,021,054
Accrued employee expenses 360,153 621,482
Income taxes payable    47,547
Customer deposits 1,504,981 1,168,755
Total current liabilities 2,614,664 2,858,838
Total liabilities 2,614,664 2,858,838
Shareholders' equity    
Preferred stock, $1.00 par value: authorized shares - 200,000; none issued and outstanding      
Common stock, $0.025 par value: authorized shares - 15,000,000; 7,065,500, shares issued and outstanding, including shares held in treasury 176,638 176,638
Additional paid-in capital 2,095,069 2,095,069
Retained earnings 5,766,102 5,868,894
Treasury stock, 31,768 shares, at cost (3,938) (3,938)
Total shareholders' equity 8,033,871 8,136,663
Total liabilities and shareholders' equity $ 10,648,535 $ 10,995,501