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3,115,263
9,345,666
9,621,982SG&A expenses
2,640,053
2,647,417
7,774,848
8,059,143R&D expenses
339,258
222,062
1,045,573
644,912Other expenses, net50,24484,879
187,630
305,046Net income before income taxes
194,837
160,905
337,615
612,881Income tax provision(77,577)
(64,806)
(135,503)
(259,859)Net income
$ 117,260
$ 96,099
$ 202,112
$ 353,022Diluted income per common share
$
.01
$
.01
$
.02
$
.03Balance Sheet HighlightsMarch 31,June 30,20112010(Unaudited)Cash
$248,202
$383,756Accounts receivable
3,882,665
3,735,251Inventories
5,549,503
5,766,800Total current assets
10,484,756
10,609,813Total assets
$14,732,447
$15,090,329Accounts payable
1,563,154
$1,404,022Accrued expenses
508,613
462,641Line of credit
2,664,663
2,768,492Total current liabilities
5,651,734
5,686,280Total liabilities
8,094,848
8,291,052Total liabilities and equity
$14,732,447
$15,090,329Dynatronics manufactures, markets and distributes advanced-technology medical devices, orthopedic soft goods and supplies, treatment tables and rehabilitation equipment for the ph
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