Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets (USD $)
Sep. 30, 2014
Jun. 30, 2014
Current assets    
Cash and cash equivalents $ 4,500,267 $ 9,224,340
Accounts and trade notes receivable, net of allowance for doubtful accounts of $140,000 and $155,000, respectively 2,821,680 923,788
Inventories, net 1,974,306 2,836,220
Leases and mortgages receivable, net 11,604 12,494
Deferred income taxes 92,819 100,777
Refundable income taxes    62,880
Pre-paid and other current assets 575,348 414,079
Total current assets 9,976,024 13,574,578
Leases and mortgages receivable-due after one year 11,772 14,033
Equipment and improvements, net 216,756 181,629
Intangible assets, net 38,816 40,880
Deferred income taxes 22,179 6,967
Total assets 10,265,547 13,818,087
Current liabilities    
Accounts payable and accrued expenses 2,229,831 4,750,266
Accrued employee expenses 575,170 906,381
Income taxes payable 224,470   
Customer deposits 2,281,640 3,670,965
Total current liabilities 5,311,111 9,327,612
Total liabilities 5,311,111 9,327,612
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 2,686,667 2,222,706
Treasury stock, 31,768 shares at cost (3,938) (3,938)
Total shareholders' equity 4,954,436 4,490,475
Total liabilities and shareholders' equity $ 10,265,547 $ 13,818,087