Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.8.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2017
Jun. 30, 2017
Current assets    
Cash and cash equivalents $ 414 $ 727
Accounts receivable, net of allowance for doubtful accounts of $159 and $150, respectively 10,844 13,638
Inventories, net 9,231 7,677
Vendor deposits 874 1,393
Other current assets 1,037 365
Total current assets 22,400 23,800
Equipment and improvements, net 1,180 1,272
Intangible assets, net 7,036 7,160
Goodwill 24,660 24,753
Other assets 319 150
Total assets 55,595 57,135
Current liabilities    
Accounts payable and accrued expenses 10,249 12,317
Accrued employee expenses 1,452 1,546
Customer deposits 4,989 4,457
Billings in excess of costs on uncompleted contracts 886 2,146
Current portion of long-term debt 714 714
Total current liabilities 18,290 21,180
Long-term debt, net 4,161 3,731
Total liabilities 22,451 24,911
Commitments and contingencies
Shareholders' equity    
Preferred stock, $1.00 par value; authorized shares - 200,000; none issued and outstanding
Common stock, $.025 par value; 20,000,000 shares authorized and 10,499,481 shares issued, including shares held in treasury 262 262
Additional paid-in capital 27,375 27,018
Retained earnings 5,511 4,948
Treasury stock, 31,768 shares, at cost (4) (4)
Total shareholders' equity 33,144 32,224
Total liabilities and shareholders' equity $ 55,595 $ 57,135