Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) (USD $)
Sep. 30, 2013
Jun. 30, 2013
Current assets    
Cash and cash equivalents $ 8,363,053 $ 5,944,260
Accounts and trade notes receivable, net of allowance for doubtful accounts of $155,000, respectively 1,463,817 2,240,632
Inventories, net 2,325,574 1,997,818
Lease and mortgage receivables, net 41,495 53,762
Deferred income taxes 98,648 98,826
Other current assets 406,483 453,964
Total current assets 12,699,070 10,789,262
Leases and mortgages receivable - due after one year 26,526 26,526
Equipment and improvements, net 157,678 164,069
Intangible assets, net 50,152 53,199
Deferred income taxes 17,283 19,274
Total assets 12,950,709 11,052,330
Current liabilities    
Accounts payable and accrued expenses 2,477,952 1,253,426
Accrued employee expenses 584,925 1,459,874
Income taxes payable 264,716 166,250
Deferred income 24,522 16,782
Customer deposits 3,489,158 2,472,333
Total current liabilities 6,841,273 5,368,665
Total liabilities 6,841,273 5,368,665
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 3,841,667 3,415,896
Treasury stock, 31,768 shares, at cost (3,938) (3,938)
Total shareholders' equity 6,109,436 5,683,665
Total liabilities and shareholders' equity $ 12,950,709 $ 11,052,330