Statements of Comprehensive Income - USD ($) |
12 Months Ended | |
|---|---|---|
Jun. 30, 2020 |
Jun. 30, 2019 |
|
| Income Statement [Abstract] | ||
| Net sales | $ 31,526,231 | $ 36,477,851 |
| Cost of sales | 25,967,616 | 29,414,678 |
| Gross profit | 5,558,615 | 7,063,173 |
| Selling, general and administrative expenses | 4,386,307 | 4,410,234 |
| Operating Income | 1,172,308 | 2,652,939 |
| Other income | ||
| Interest income | 109,749 | 167,682 |
| Other | 27,132 | 61,012 |
| Total other income | 136,881 | 228,694 |
| Income before provision for income taxes | 1,309,189 | 2,881,633 |
| Provision for income taxes | 145,521 | 538,939 |
| Net income | 1,163,668 | 2,342,694 |
| Other comprehensive income, net of tax: | ||
| Unrealized (loss) gain on investment securities | (1,808) | 5,050 |
| Total comprehensive income | $ 1,161,860 | $ 2,347,744 |
| Net income per share: | ||
| Basic | $ 0.49 | $ 0.99 |
| Diluted | $ 0.49 | $ 0.98 |
| Weighted average number of shares outstanding: | ||
| Basic | 2,393,207 | 2,372,945 |
| Diluted | 2,396,618 | 2,389,228 |