Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.8.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2018
Jun. 30, 2017
Current assets    
Cash and cash equivalents $ 1,521 $ 727
Accounts receivable, net of allowance for doubtful accounts of $182 and $150, respectively 21,493 13,638
Inventories, net 14,080 7,677
Vendor deposits 1,154 1,393
Costs in excess of billings on uncompleted contracts 2,878 86
Other current assets 2,000 279
Total current assets 43,126 23,800
Equipment and improvements, net 2,786 1,272
Intangible assets, net 16,094 7,160
Goodwill 37,051 24,753
Other assets 3,512 150
Total assets 102,569 57,135
Current liabilities    
Accounts payable and accrued expenses 11,407 12,317
Accrued employee expenses 2,807 1,546
Customer deposits 7,948 4,457
Billings in excess of costs on uncompleted contracts 1,680 2,146
Current portion of long-term debt 1,195 714
Total current liabilities 25,037 21,180
Long-term debt, net 21,001 3,731
Deferred tax liabilities, net 264
Total liabilities 46,302 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; 11,213,734 shares issued at March 31, 2018 and 10,499,481 shares issued at June 30, 2017, including shares held in treasury 280 262
Additional paid-in capital 49,540 27,018
Retained earnings 6,754 4,948
Treasury stock, 42,554 shares at March 31, 2018 and 31,768 shares at June 30, 2017, at cost (307) (4)
Total shareholders' equity 56,267 32,224
Total liabilities and shareholders' equity $ 102,569 $ 57,135