Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.8.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Jun. 30, 2017
Current assets    
Cash and cash equivalents $ 1,185 $ 727
Accounts receivable, net of allowance for doubtful accounts of $167 and $150, respectively 16,545 13,638
Inventories, net 11,161 7,677
Vendor deposits 651 1,393
Costs in excess of billings on uncompleted contracts 2,267 86
Other current assets 1,261 279
Total current assets 33,070 23,800
Equipment and improvements, net 1,953 1,272
Intangible assets, net 11,953 7,160
Goodwill 29,808 24,753
Other assets 1,161 150
Total assets 77,945 57,135
Current liabilities    
Accounts payable and accrued expenses 11,800 12,317
Accrued employee expenses 1,931 1,546
Customer deposits 9,251 4,457
Billings in excess of costs on uncompleted contracts 1,472 2,146
Current portion of long-term debt 1,195 714
Total current liabilities 25,649 21,180
Long-term debt, net 9,905 3,731
Total liabilities 35,554 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; authorized shares - 20,000,000; 10,865,374 shares issued at December 31, 2017 and 10,499,481 shares issued at June 30, 2017, including shares held in treasury 271 262
Additional paid-in capital 36,808 27,018
Retained earnings 5,619 4,948
Treasury stock, 42,554 shares at December 31, 2017 and 31,768 shares at June 30, 2017, at cost (307) (4)
Total shareholders' equity 42,391 32,224
Total liabilities and shareholders' equity $ 77,945 $ 57,135