Balance Sheet Highlights | |||
March 31, | June 30, | ||
2011 | 2010 | ||
(Unaudited) | |||
Cash | $248,202 | $383,756 | |
Accounts receivable | 3,882,665 | 3,735,251 | |
Inventories | 5,549,503 | 5,766,800 | |
Total current assets | 10,484,756 | 10,609,813 | |
Total assets | $14,732,447 | $15,090,329 | |
Accounts payable | 1,563,154 | $1,404,022 | |
Accrued expenses | 508,613 | 462,641 | |
Line of credit | 2,664,663 | 2,768,492 | |
Total current liabilities | 5,651,734 | 5,686,280 | |
Total liabilities | 8,094,848 | 8,291,052 | |
Total liabilities and equity | $14,732,447 | $15,090,329 | |
