ITEM 1: 					
					BUSINESS 					
				 				
						GENERAL 						
				 				
				Oakridge Holdings, Inc. and its subsidiary, collectively, are called the “Company” or “Oakridge,” and all references to “our,” “us” and “we” refer to Oakridge Holdings, Inc. and its subsidiary, collectively, unless the context otherwise requires. The Company has one business segment - aviation ground support equipment. 				
				The Company was incorporated as a Minnesota corporation in 1961 and began operations on March 6, 1961, with two cemeteries in Cook County, Illinois, selling cemetery property, merchandise and service. 				
				On June 29, 1998, the Company acquired substantially all of the assets of Stinar Corporation, a Minnesota corporation. Stinar Corporation has been in business for 68 years and is an established international manufacturer, and its products are used by the airline support equipment industry. 				
				Stinar is a global manufacturer of ground support equipment for the aviation industry which is used for servicing, loading, and maintaining all types of aircraft for both commercial and government aviation companies and airports. These products are sold and marketed through our technically oriented sales staff as well as through independent distributors and sales representatives. Approximately 7% of Stinar’s revenues in the year ended June 30, 2016 were generated by contracts with the U.S. Government, 1% were generated internationally and 92% were generated in the United States from non-governmental sales. In year ended June 30, 2015 approximately 18% of Stinar’s revenues were generated by contracts with the U.S. Government, 8% were generated internationally and 74% were generated in the United States from non-governmental sales. 				
				On June 20, 2016, the Company entered into an Asset Purchase with Kruckeberg Industries, LLC, a Delaware limited liability company. Pursuant to the Agreement, the Company and Stinar agreed to sell to Purchaser substantially all of the assets owned by Stinar including the premises located at 3255 Sibley Memorial Highway, Eagan, Minnesota 55121, used in the operation of the Business, for an aggregate purchase price of approximately $300,000 in cash, subject to upward or downward adjustment based on the current liabilities to be purchased and assumed by Purchaser pursuant to the Agreement. 				
				All references to years are to fiscal years ended June 30, unless otherwise stated. 				
				 				
						STINAR CORPORATION OVERVIEW 						
				 				
				Stinar provides products and services to the aviation industry in three principal areas: (i) sales of new equipment manufactured for maintaining, servicing and loading of airplanes; (ii) sales of parts for equipment sold in the past; and (iii) repair of equipment. 				
				Principal products of Stinar include the following: 				
				Truck-mounted stairways and push stairs for loading aircraft; lavatory trucks and carts, water trucks, bobtails, and catering trucks for servicing aircraft; cabin cleaning trucks, maintenance hi-lifts, and turbo oilers for maintaining aircraft; and other custom built aviation ground support equipment used by airports, airlines and the military. Stinar also provides service and repairs on other vendors’ equipment and equipment it has sold. 				
				The Company purchases carbon steel, stainless steel, aluminum and chassis domestically. We do not use single-source suppliers for the majority of our raw material purchases and believe supplies of raw material available in the market are adequate to meet our needs. 				
				We historically have engaged in research and development activities directed primarily toward the improvement of existing products, the design of specialized products to meet specific customer needs, and the development of new products and processes. A large part of our product development spending in the past has focused on the new product lines in the stairs department. 				
				 				
					AVIATION GROUND SUPPORT INDUSTRY 					
				 				
				GOVERNMENT CONTRACTS. Contracts with the U.S. government are subject to special laws and regulations, noncompliance with which could result in various sanctions. 				
				The aviation ground support industry internationally is characterized by the following fundamental attributes: 				
				HIGHLY FRAGMENTED OWNERSHIP. A significant majority of aviation ground support equipment manufacturers consist of family-owned businesses. Management estimates that there are approximately 20 companies in the world that manufacture one or two products for the industry. Also, as a support industry, ground support equipment has few market drivers of its own. That is, the major determinants of ground support equipment market activity are to be found in the commercial aviation industry. Under these conditions, many suppliers have in-depth knowledge only of their own market niches, and end-users may have difficulty finding a supplier with the right mix of products and services to fit their needs. 				
				SIZE AND GROWTH TRENDS. The aviation ground support industry appears to be taking on the characteristics of a shrinking and declining industry over the next couple of years. Given the weakness of the four main indicators (aircraft movements, aircraft delivery rates, price of fuel and airport construction/capacity improvement) of the industry’s health, as well as the continuing decline in markets for import and export, the world market for purchases of new aviation ground support equipment is expected to decline drastically due to most airlines downsizing operations and many large domestic carriers having filed for bankruptcy protection over the last several years. 				
				BARRIERS TO ENTRY. It is relatively difficult for new competitors to enter the field due to (i) high start-up costs, which effectively protect against small competitors entering the field, (ii) substantial expertise required with regard to manufacturing and engineering difficulties, which makes it difficult to have the knowledge to compete, and (iii) market saturation, which reduces the possibility of competitors gaining a meaningful foothold and network of manufacturing representatives. Moreover, airline companies are becoming increasingly selective about which companies they will allow to provide ground support equipment. Most airlines only purchase from vendors who have a history in the industry. 				
				 				
					FINANCIAL INFORMATION ABOUT STINAR: 					
				 				
				The following table summarizes the assets, revenues and operating profit or loss attributable to the Company’s aviation industry and corporate operations for the dates and periods indicated. The Company evaluates the Company’s performance based on operating profit (loss). 				
				As of and for the fiscal years ended June 30, 					 					 2016 2015 					
				Revenues: $4,532,172 $5,590,094 				
				Operating loss: $ (555,438) $ (959,168) 				
				Identifiable assets: $2,796,606 $ 4,357,482 				
				 				
						REGULATIONS 						
				 				
				Stinar is required to comply with competitive bidding and other requirements in cases where it sells to local, state, or federal governmental customers. The costs and effects of complying with these requirements do not have a material impact on the financial results of the Company. 				
				The Company holds all governmental licenses necessary to carry on its business, and all such licenses are current. The company is subject to the requirements of the federal Occupational Safety and Health Act (“OSHA”) and comparable state statutes. The OSHA hazard communication standard, the Unites States Environmental Protection Agency community right-to-know regulations under Title III of the federal Superfund Amendment and Reauthorization Act, and similar state statutes require us to organize information about hazardous materials used or produced in our operations. Certain portions of this information must be provided to employees, state and local governmental authorities, and local citizens. 				
				 				
						COMPLIANCE WITH ENVIRONMENTAL LAWS 						
				 				
				Stinar owns a 43,271 square foot manufacturing facility located on approximately 7.875 acres of land (the “Stinar Facility”) in an industrial park in Eagan, Minnesota, a suburb of St. Paul, Minnesota. Prior to the acquisition of the Stinar Facility in 1998, Stinar and the Company obtained a Phase I environmental assessment of the Stinar Facility. This Phase I environmental assessment suggested the need for additional study of the Stinar Facility. In addition, the Phase I assessment suggested that certain structural improvements be made to the Stinar Facility. Accordingly, two additional Phase II environmental assessments were performed and revealed the presence of certain contaminants in the soil around and under the building located on the Stinar facility. 				
				Subsequent to the completion of the Phase II environmental assessments and completion of the structural improvements to the building, the Company and Stinar requested and obtained a "no association" letter from the Minnesota Pollution Control Agency ("MPCA") stating that, provided that certain conditions set forth in the no association letter are met, the Company and Stinar will not be deemed responsible for contamination that occurred at the Stinar Facility prior to the purchase of the assets of Stinar by the Company. The structural improvements recommended by the Company's environmental consulting firm have been completed, and the contaminated soil has been removed and transferred from the property. As a result, MPCA issued the no association letter. 				
				As requested by Kruckeberg Industries, LLC, from January 2016 to March 2016, Landmark Environmental, LLC conducted a Phase I Environmental test and a Supplemental Phase II Environmental test and revealed that areas of buried debris and impacted soils should be excavated and transported off-site for disposal to allow for future redevelopment of the Property. The quote for excavation is around $76,000. The Company is planning to do the excavation in 2017. 				
				 				
						COMPETITION 						
				 				
				Factors determining competitive success in Stinar aviation manufacturing include price, service, location, quality and technological innovation. Competition is strong in all markets served. 				
				The aviation ground support equipment business is extremely fragmented and diverse. The purchasers of the types of equipment manufactured by Stinar tend to be long-standing, repeat customers of the same manufacturers, with quality, reliability, pricing, warranties, after market service and delivery being the key factors cited by customers in selecting an aviation ground support equipment supplier. Accordingly, while the market for Stinar equipment is competitive, the Company believes that Stinar’s reputation for quality and reliable equipment and the industry’s familiarity with Stinar puts it on equal footing with its competitors. Major domestic competitors include Global Ground Support, LLC in catering equipment; Lift-A-Loft Corporation and NMC-Wollard in passenger stairs; Lift-A-Loft Corporation, NMC-Wollard and Phoenix Metal Products in lavatory and water carts; and Tesco Equipment Corporation, Lift-A-Loft corporation, Phoenix Metal Products and NMC-Wollard in hi-lift equipment. International competitors include Mullaghan Engineering and TLD, Inc. in catering equipment and stairs, and Accessair Systems, Inc. and Vestergaard Company, Inc. in water and lavatory carts. 				
				 				
						MARKETING 						
				 				
				The chief method of marketing Stinar’s equipment is through one-on-one customer contact made by sales employees of Stinar and manufacturers’ representatives under contract with Stinar. Stinar’s customers report that Stinar has a reputation in the commercial aviation industry for manufacturing high-quality, reliable equipment. Stinar intends to capitalize on this reputation in the domestic airline industry by reducing the amount of time needed to complete customer orders. Stinar has also engaged manufacturers’ representatives to assist it in increasing sales to overseas markets. 				
				 				
						CREDIT POLICIES 						
				 				
				Stinar does not extend long-term credit to customers. 				
				 				
						INTERNATIONAL 						
				 				
				Stinar’s sales to customers outside the United States represented approximately 1% and 8% of Stinar’s net sales in 2016 and 2015, respectively. Products are manufactured and marketed through the Company’s sales department and sales representatives around the world. 				
				 				
						OTHER BUSINESS INFLUENCES 						
				 				
				The Company believes that its business is highly dependent upon the profitability of its customers in the airline and air cargo markets, and therefore, the Company’s profitability is affected by fluctuations in passenger and freight traffic and volatility of operating expenses, including the impact of costs related to labor, fuel and airline security. Sales to the United States government also expose Stinar to government spending cuts and/or temporary shutdown of the government due to debt limits. The United States Air Force, which historically has been a major purchaser of the Company’s equipment, is dependent upon governmental funding approvals. Significant changes in raw material prices, such as steel and chassis, will also continue to impact our results. As of March 24, 2017, the Company had approximately a $1,172,238 backlog. The backlog is due to commercial sales in the United States. The diversity of Stinar’s customer base and equipment lines helps mitigate the risks of Stinar’s business, as does the growing importance of marketing internationally, which provides Stinar with an additional customer base not influenced as greatly by U.S. economic conditions or U.S. politics. We will also focus on key risk factors when determining our overall strategy and making decisions for allocating capital. These factors include risks associated with the global economic outlook, product obsolescence, and the competitive environment. 				
				The Company does not believe that the present overall rate of inflation will have a significant impact on the business segments in which it operates. 				
				 				
						EMPLOYEES 						
				 				
				As of June 30, 2016, the Company had 39 full-time employees. 				
				A union does not represent the aviation segment employees, and the Company considers its labor relations to be good. 				
				 				
					ITEM 1A:
ITEM 1A: RISK FACTORS 					
				 				
				Not applicable. 				
				 				
					ITEM 1B:
ITEM 1B: UNRESOLVED STAFF COMMENTS 					
				 				
				Not applicable. 				
				 				
					ITEM 2:
ITEM 2: PROPERTIES 					
				 				
				The Company’s executive office for Oakridge Holdings, Inc. is leased at 400 West Ontario St., Unit 1003, Chicago, Illinois, 60654. 				
				Stinar operates out of a single 43,271 square foot manufacturing facility in Eagan, Minnesota, located on 7.875 acres of land. The land consists of two contiguous parcels of real estate. The term note payable secured by the facility and land was entered into in February 2013 into three separate loans: The first loan is for $762,000 at 5.2% for 20 years with monthly payments of principal and interest of $5,107.05 maturing in March 2033, the second loan is for $925,000 at 6% amortized over 20 years with a 10 year balloon, with monthly payments of principal and interest of $6,671.53, and the third loan is a bridge loan for $200,000 at prime plus 2.75% (6% at June 30, 2016) for three years with monthly payments of principal and interest of $6,090.54. For current loan balances please see Note 6 of the financial statements. The condition of the manufacturing facility and office space is fair and will require approximately $67,000 of repairs to the building in the foreseeable future. The Company expects to finance with cash flow. Management reviews insurance policies annually and believes that all of its properties are adequately insured. 				
				 				
					ITEM 3:
ITEM 3: 					 				 					 					LEGAL PROCEEDINGS 					
				 				
				The Company is a party to a number of legal proceedings that arise from time to time in the ordinary course of business. While the outcome of these proceedings cannot be predicted with certainty, we do not expect these matters to have a material adverse effect on the Company. As of June 30, 2016, there were no legal proceedings in either business. 				
				We carry insurance with coverages and coverage limits consistent with our assessment of risks in our businesses and of an acceptable level of financial exposure. Although there can be no assurance that such insurance will be sufficient to mitigate all damages, claims or contingencies, we believe that our insurance provides reasonable coverage for known asserted or unasserted claims. In the event the Company sustained a loss from a claim and the insurance carrier disputed coverage or coverage limits, the Company may record a charge in a different period than the recovery, if any, from the insurance carrier. 				
				 				
					ITEM 4:
ITEM 4: 					
					MINE SAFERTY DISCLOSURES 					
				 				
				Not applicable. 				
				 				
						PART II 						
				 				
					ITEM 5:
ITEM 5: 					 				 					 					MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES 					
				 				
				Trading in the Company’s common stock is in the over the counter market, primarily through listings in the National Quotation Bureau “pink sheets,” although the market in the stock is not well established. The Company’s trading symbol is (OKRG.OB). The table below sets forth the range of high and low bid prices for our common stock for each quarter within the two most recent fiscal years. Prices used in the table were reported to the Company by National Quotation Bureau, Inc. These quotations represent inter-dealer prices, without retail markup or commission, and may not necessarily represent actual transactions. 				
				 				
				 				
				As of March 24, 2017, there were 1,431,503 shares of Oakridge Holdings, Inc. common stock outstanding. The common stock shares outstanding are held by approximately 1,500 stockholders of record. Each share is entitled to one vote on matters requiring the vote of shareholders. We believe there are approximately 1,500 beneficial owners of the common stock. 				
				The Company has never paid a cash dividend on its common stock. The Company currently intends to retain earnings to finance the growth and development of its business and does not anticipate paying any dividends on its common stock in the foreseeable future. We are currently prohibited from paying dividends under the terms of our credit agreements. Any future change in our dividend policy will be made at the discretion of our Board of Directors in light of the financial condition, capital requirements, earnings and prospects of the Company and any restrictions under credit arrangements, as well as other factors the Board of Directors may deem relevant. We are also prohibited from repurchasing any of our outstanding common stock under the terms of our credit agreement. 				
				 				
					ITEM 6:
ITEM 6: 					 				 					 					SELECTED FINANCIAL DATA 					
				 				
				Not applicable for smaller reporting companies. 				
				 				
					ITEM 7:
ITEM 7: 					 				 					 					MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF 					
					 OPERATIONS 					
				 				
					FISCAL 2016 					
				 				
					LIQUIDITY AND CAPITAL RESOURCES 					
				 				
				The Company relies on cash flow from its aviation manufacturing company to meet operating needs, fund debt service, and fund capital requirements. The sale of the cemetery and Stinar operations did provide sufficient cash during fiscal year 2014 to support day-to-day operations, amended debt service, and capital expenditures. During fiscal 2013, the Company amended and refinanced a majority of its debt. Subsequent to these amendments and refinancing, Stinar, as of June 30, 2016, has two notes payable aggregating $1,504,560 which mature from January 2023 through March 2033. Stinar also has a $472,145 term loan to finance inventories that matures in May 2018. 				
				Stinar’s capital expenditures are expected to be approximately $100,000 under the five-year plan. The funds are planned to be used for improvements of the manufacturing plant roof, equipment and parking lot. These expenditures are expected to take place evenly over the five-year plan. Stinar’s capital expenditures for 2016 were approximately $9,600, $6,000 for various hand tools and equipment $2,800 for building improvements, and $800 for software and hardware equipment. The Company expects to spend approximately $20,000, in fiscal year 2017 for capital expenditures. 				
				 				
					RESULTS OF OPERATIONS - 201 					
					6 COMPARED TO 2015 					
				 				
					STINAR OPERATIONS: 					
				 				
				In 2016, revenue decreased $1,057,922, or 18.9%, from $5,590,094 in 2015 to $4,532,172. The decrease was primarily due to decreases in equipment sales in international sales and government sales. 				
				Cost of sales in 2016 was $4,460,496 or 98% of sales, compared to 106% in 2015. Accordingly, gross income percentage increased to 1.6% in 2016, compared to a gross loss of -5.6% in 2016. 				
				Selling expenses decreased $31,991, or 24.1%, from $132,469 in 2015 to $100,478. The decrease was primarily due to less commission paid to international agents because of no international sales. 				
				General and administrative expenses increased $1,247, or 0.5%, from $253,221 in 2015 to $254,468. The increase was immaterial. 				
				Interest expense on Stinar specific debt decreased $22,319, or 14.4%, from $155,398 in 2015 to $133,079. The decrease was attributable to less chassis sales and decreased bank debt. 				
				 				
					CORPORATE: 					
				 				
				Robert C Harvey received no payments during the fiscal year 2016 for salary from either Oakridge Holdings, Inc. or Stinar. The salaries was satisfied by transferring assets with a portion forgiven to Mr. Harvey. 				
				General and administrative expenses were $272,168, an increase of $10,713, or 4% compared to 2015. The increase was primarily due to higher salary accrued to Robert Harvey and higher legal fees. 				
				 				
				 				
					RESULTS OF OPERATIONS - 2015 					
					 COMPARED TO 20 					
					
				 				
					STINAR OPERATIONS: 					
				 				
				In 2015, revenue increased $312,257, or 6%, from $5,277,837 in 2014 to $5,590,094. The increase was primarily due to increases in parts sales and increases in Lavatory & Water Truck sales. 				
				Cost of sales in 2015 was $5,902,117 or 106% of sales, compared to 84% in 2014. Accordingly, gross loss percentage decreased to -6% in 2015, compared to a gross profit of 16% in 2014. Having a gross loss is because of a write-off of inventory. 				
				Selling expenses decreased $13,833, or 9.5%, from $146,302 in 2014 to $132,469. The decrease was primarily due to no commission paid to international agents. 				
				General and administrative expenses increased $62,690, or 33%, from $190,531 in 2014 to $253,221. The increase was primarily attributable to hiring a full-time controller. 				
				Interest expense on Stinar specific debt decreased $26,864, or 14.7%, from $182,262 in 2014 to $155,398. The decrease was attributable to less chassis sales and decreased bank debt. 				
				 				
					CORPORATE: 					
				 				
				Robert C Harvey received no payments during the fiscal year 2015 for salary from either Oakridge Holdings, Inc. or Stinar. 				
				General and administrative expenses were $261,455, a decrease of $102,828, or 28% compared to 2014. The decrease was primarily due to less salary accrued to Robert Harvey and less legal fees. 				
				Interest Expense was $0 or a decrease of $46,105, or 100% from 2014. The decrease was due to the satisfaction of the debentures and short-term debt. 				
				 				
					OFF-BALANCE SHEET ARRANGEMENTS 					
				 				
				None. 				
				 				
					ITEM 8: 					 				 					 					FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA. 					
				 				
				The financial statements of the Company for the fiscal years ended June 30, 2016 and 2015 located at Exhibit 13,, are incorporated herein. 				
				 				
					ITEM 9: 					 				 					 					CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE. 					
				 				
				None. 				
				 				
					ITEM 9A: CONTROLS AND PROCEDURES. 					
				 				
					DISCLOSURE CONTROLS AND PROCEDURES 					
				An evaluation was carried out under the supervision and with the participation of the Company’s management, including the Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of the Company’s disclosure controls and procedures (as defined in Rule 13a-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) as of the end of the period covered by this annual report. Based on that evaluation, the Chief Executive Officer and Chief Financial Officer have concluded that the Company’s disclosure controls and procedures are not effective to ensure that information required to be disclosed by the Company in reports that it files or submits under the Exchange Act is (a) recorded, processed, summarized and reported within the time periods specified in SEC rules and forms and (b) accumulated and communicated to the Chief Executive Officer and Chief Financial Officer to allow timely decisions regarding disclosure. Notwithstanding the material weaknesses that existed as of June 30, 2016, our Chief Executive Officer and Chief Financial Officer have concluded that the consolidated financial statements included in this Annual Report on Form 10-K present fairly, in all material respects, the financial position, results of operations and cash flows of the Company and its subsidiaries in conformity with accounting principles generally accepted in the United States of America (“GAAP”). We continue to evaluate the potential steps to remediate such material weaknesses, as described below. 				
				 				
				 				
					MANAGEMENT’S ANNUAL REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING 					
				Our management is responsible for establishing and maintaining adequate internal control over financial reporting as defined in Rules 13a and 15d - 15f under the Exchange Act. Our internal control system is designed to provide reasonable assurance to our management and board of directors regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. Our internal control over financial reporting includes those policies and procedures that: 				
				 				
							● 							
							Pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the Company; 							
				 				
							● 							
							Provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the Company are being made only in accordance with authorizations of management and directors of the Company; and 							
				 				
							● 							
							Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the Company’s assets that could have a material effect on the financial statements. 							
				 				
				Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. 				
				Our management assessed the effectiveness of our internal control over financial reporting as of June 30, 2016. In making this assessment, management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission’s 2013 Framework (the “COSO 2013 Framework”). Based on management’s assessment and those criteria, management believes that, as of June 30, 2016, as a result of the material weaknesses described below, the Company has not maintained effective internal control over financial reporting. 				
				 				
					Material Weakness in Internal Control over Financial Reporting 					
				 				
				A material weakness is a control deficiency, or combination of control deficiencies, that results in more than a remote likelihood that a material misstatement of annual or interim financial statements will not be prevented or detected. In connection with its assessment, management identified the following control deficiencies that represent material weaknesses at June 30, 2016: 				
				 				
							● 							
							Due to the limited number of Company personnel, a lack of segregation of duties exists. An essential part of internal control is for certain procedures to be properly segregated and the results of their performance be adequately reviewed. This is normally accomplished by assigning duties so that no one person handles a transaction from beginning to end and incompatible duties between functions are not handled by the same person. Our management plans to explore implementing cost-effective measures to establish a more formal review process in an effort to reduce the risk of fraud and financial misstatements. 							
				 				
							● 							
							Due to weaknesses in the Company’s financial reporting controls specifically relating to inventory at the Aviation Ground Support Equipment segment, management believes there is more than a remote likelihood that a material misstatement of annual or interim financial statements would not be prevented or detected, as happened with our 2009 - 2012 annual financial statements. Management plans to explore implementing cost effective measures to improve its inventory reporting system in an effort to reduce the risk of a material misstatement of the financial statements. 							
				 				
							● 							
							Due to the lack of expertise and personnel for financial reporting, the Company was not able to file required financial reports on time. 							
				 				
							● 							
							The Company did not have effective controls to provide reasonable assurance as to timely account reconciliations. Management believes that there is a more than remote likelihood that a material misstatement of annual or interim financial statements would not be prevented or detected in a timely manner. Management plans to update management plans in an effort to reduce the risk and material misstatement of the financial statements. 							
				 				
				This annual report does not include an attestation report of the Company’s registered public accounting firm regarding internal control over financial reporting. Our management’s report of the effectiveness of the design and operation of our internal controls and procedures was not subject to attestation by the Company’s registered public accounting firm in accordance with the rules of the Securities and Exchange Commission that permit the Company to provide only management’s report in this annual report. 				
				 				
				 				
					CHANGES IN INTERNAL CONTROL OVER FINANCIAL REPORTING 					
				 				
				During the year ended June 30, 2016, we continue our remediation efforts related to the following material weaknesses reported in the Form 10-K for the year ended June 30, 2015. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Company's annual or interim financial statements will not be prevented or detected on a timely basis. 				
				 				
							● 							
							Due to the limited number of Company personnel, a lack of segregation of duties exists. An essential part of internal control is for certain procedures to be properly segregated and the results of their performance be adequately reviewed. This is normally accomplished by assigning duties so that no one person handles a transaction from beginning to end and incompatible duties between functions are not handled by the same person. Our management plans to explore implementing cost-effective measures to establish a more formal review process in an effort to reduce the risk of fraud and financial misstatements. 							
							● 							
							Due to weaknesses in the Company’s financial reporting controls specifically relating to inventory at the Aviation Ground Support Equipment segment, management believes there is more than a remote likelihood that a material misstatement of annual or interim financial statements would not be prevented or detected, as happened with our 2009 - 2012 annual financial statements. Management plans to explore implementing cost effective measures to improve its inventory reporting system in an effort to reduce the risk of a material misstatement of the financial statements. 							
							● 							
							Due to the lack of expertise and personnel for financial reporting, the Company was not able to file required financial reports on time. 							
							● 							
							The Company did not have effective controls to provide reasonable assurance as to the proper recognition and recording of receivables and revenue. Management plans to consult with third party advisors who are knowledgeable regarding revenue recognition in an effort to reduce the risk and material misstatement of the financial statements. 							
				 				
				As a result of the remediation efforts noted below, there were improvements in internal control over financial reporting during the Year ended June 30, 2016 that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting. There were no other changes in internal control over financial reporting (as defined by Rules 13a-15(f) and 15d-15(f) under the Exchange Act) that have materially affected, or is reasonably likely to materially affect, our internal control over financial reporting. 				
				 				
					Remediation Actions 					
				 				
				In response to these material weaknesses, we developed remediation plans to address the control deficiencies identified in fiscal year 2015. We implemented the following remediation actions during the year ended June 30, 2016: 				
				 				
				Segregation of duties 				
				 				
							● 							
							Engaged a third party specialist for advice and consultation 							
							● 							
							Provided training and education to different accounting functions 							
							● 							
							Established review controls 							
				 				
				Financial reporting control 				
				 				
							● 							
							Provided training for calculating the cost of raw materials, work in progress, and finished goods. 							
							● 							
							Completed review of the Company's critical accounting and internal control policies with third party advisors that are knowledgeable regarding GAAP and internal controls 							
							● 							
							Provided training and education relating to accounting for debt modifications and extinguishments 							
							● 							
							Hired full-time financial controller to prepare consolidated financial statements 							
				 				
				In addition to the above steps, management intends to continue its remediation efforts by: 				
				 				
							● 							
							Provide ongoing training and education relating to GAAP around complex and non-routine transactions specifically identified through regular review of emerging issues and Company business activities. 							
							● 							
							Completing our review with the assistance of a third party advisor of the Company’s financial reporting controls and implementing recommended control procedures to strengthen the Company’s control procedures in areas which involve significant judgements and estimates, which involve application of complex accounting methods under GAAP, or which could have a material impact on the accuracy of our financial statements. 							
				 				
				We are committed to a strong internal control environment, and believe that, when fully implemented, the remediation actions described above will represent significant improvements in the Company’s accounting and financial reporting functions. The Company has hired a full-time controller and had made tremendous progress with improving the training and education of staff and added the additional internal control processes designed to remediate these material weaknesses during the balance of 2015. We will continue to assess the effectiveness of our remediation efforts in connection with management’s future evaluations of internal control over financial reporting. 				
				 				
					ITEM 9B: OTHER INFORMATION. 					
				 				
				None. 				
				 				
						PART III 						
				 				
					ITEM 10: 					 				 					 					DIRECTORS AND EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE. 					
				 				
				The following information has been furnished to the Company, as of March 24, 2017, by the persons who are directors of the Company. Each director is elected to a term that lasts until the Company’s next annual meeting of shareholders or until their respective successors are elected and qualified. 				
				 				
				Below is information about business experience of the Company’s directors. Except as indicated below, there has been no change in the principal occupation or employment of any director during the past five years. 				
				Robert Harvey has been the Chairman of the Board, Chief Executive Officer and Chief Financial Officer of the Company and Stinar HG, Inc. since November 1992. 				
				 				
				Robert Gregor has been Vice President of Marketing and Sales and Secretary for Stinar HG, Inc. since January 1, 1999, and prior to joining Stinar HG, Inc. he was Senior Account Executive at E.F. Johnson Company since 1993. 				
				 				
				Lester Lind is presently retired. Prior to retiring in 2010, he was a shareholder of Von Hanson’s Meats and has more than 40 years’ experience in planning, developing and implementing openings of new operations across the United States. 				
				 				
				Pamela Whitney is presently an auditor for Wells Fargo Audit and Security and has been in that position since November 11, 2005. Prior to joining Well Fargo Audit and Security she was employed at the CPA firm of Epstein Weber & Conover, PLC and before that was an Inventory Exchange Supervisor at Phillips 66 from 2000 to 2005, and was at the CPA firm of Kilpatrick, Luster & Co., PLLC. 				
				 				
				Former director Stewart Levin has recently resigned on March 10, 2017 because of health reason. 				
				 				
					Section 16(a) Beneficial Ownership Reporting Compliance 					
				 				
				Section 16(a) of the Securities Exchange Act of 1934, as amended, requires the Company’s directors and executive officers and all persons who beneficially own more than 10% of the outstanding shares of the Company’s Common Stock to file with the SEC initial reports of ownership and reports of changes in ownership of the Company’s Common Stock. Executive officers, directors and greater than 10% beneficial owners are also required to furnish the Company with copies of all Section 16(a) forms they file. 				
				 				
				To the Company’s knowledge, based solely on its review of the forms furnished to the Company and written representations from certain reporting persons, the Company believes that all Section 16(a) filing requirements applicable to its executive officers, directors and persons who own more than 10% of the Company’s Common Stock were complied with in fiscal year 2016. 				
				 				
					Code of Ethics 					
				 				
				The Company has not adopted a code of ethics that applies to the Company’s Chief Executive Officer, Chief Financial Officer, Controller and other employees performing similar functions. The Company has not adopted such a code as all of these roles are performed or closely supervised by the Company’s Chief Executive Officer, who operates under the direct supervision of the Board of Directors and Audit Committee. 				
				 				
					Audit Committee 					
				 				
				The Audit Committee meets with management to review the scope and results of audits performed by the Company’s independent accountants. The Audit Committee also meets with the independent auditors and with appropriate Company financial personnel about internal controls and financial reporting. The Audit Committee is the agent of the Board in assuring the adequacy of the Company’s financial, accounting and reporting control processes. The Audit Committee is also responsible for recommending to the Board the appointment of the Company’s independent accountants. The Audit Committee currently consists of Lester Lind and Pamela Whitney. The Audit Committee has determined that Pamela Whitney is an “audit committee financial expert” and is “independent” as defined by SEC rules. 				
				 				
					ITEM 11: 					 				 					 					EXECUTIVE COMPENSATION 					
				 				
				The following table sets forth certain information regarding compensation for the Company’s two most recently completed fiscal years provided to the Company’s Chief Executive Officer and Chief Financial Officer and its only other executive officer who earned remuneration exceeding $100,000 during fiscal year 2016 (the “Named Executive Officers”). 				
				The Company has not entered into employment agreements with any of the Named Executive Officers. 				
				The Company did not make any grants of restricted stock, stock options or other equity-based compensation to the Named Executive Officers during fiscal year 2016 or 2015. The Company does not currently have any equity compensation plans. 				
				The table below sets forth the compensation paid to each non-employee director of the Company during fiscal year 2016. The Company’s directors who are employees do not receive separate compensation for serving as directors. Each of the Company’s directors is reimbursed for all out-of-pocket expenses incurred on behalf of the Company in connection with serving on the Board. 				
				 				
				 				
					ITEM 12: 					 				 					 					SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS 					
					 AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS. 					
				 				
				The following table sets forth information regarding beneficial ownership of Common Stock on December 18, 2013 by each person who is a beneficial owner of more than 5% of the Common Stock, issued and outstanding, by each Named Executive Officer named in the Summary Compensation Table, by each director and all officers and directors as a group. The address for all executive officers and directors of the Company is the Company’s business address. 				
				 				
					(1) 					 				 Unless otherwise noted, all shares shown are held by persons possessing sole voting and investment power with respect to such shares. Shares not outstanding but deemed beneficially owned by virtue of the right of a person or member or a group to acquire them within 60 days are treated as outstanding only when determining the amount and percent owned by such person or group. 				
					(2) 					 				 Includes 66,857 shares held by Robert Harvey’s wife and children in which he may be deemed to share voting and investment power, but as to which he disclaims beneficial ownership. Also includes 245,422 shares held jointly by Robert Harvey and his wife. 				
					(3) 					 				 Includes 2,350 shares held by Robert Gregor’s wife and children in which he may be deemed to share voting and investment power, but as to which he disclaims beneficial ownership. Also includes 144,814 shares held jointly by Robert Gregor and his wife. 				
				 				
					ITEM 13: 					 				 					 					CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND 					
					DIRECTOR INDEPENDENCE 					
					. 					
				 				
					Certain Relationships and Related Transactions 					
				 				
				In the ordinary course of business, the Company may from time to time engage in transactions with other corporations whose officers, directors or employees are also directors or officers, or family members of directors or officers, of the Company. The Company may also engage in transactions with individuals who are, or are family members of, directors or officers of the Company. The Company has an unwritten policy under which the Audit Committee reviews these transactions to examine whether the transactions are conducted on an arm’s length basis. The Audit Committee makes a recommendation to the Board whether to approve the proposed transaction, which the Board has historically always followed. In all cases, these related-party transactions have been conducted on an arm’s length basis, and none of the transactions require more specific disclosure under applicable SEC rules and regulations, except as described below. 				
				The Company has a month-to-month operating lease for office space from the Chief Executive Officer and the total rent expense was $ 6,000 and $12,000 under this lease in fiscal years 2016 and 2015. 				
				 				
					Director Independence 					
				 				
				All of the Company’s directors, except for Robert Harvey and Robert Gregor, are “independent” as that term is defined in Rule 5605(a) of the Nasdaq Stock Market Marketplace Rules. That is the standard for independence the Company has chosen for purposes of the disclosure required in this report by SEC rules (even though the Company’s Common Stock is not listed on the Nasdaq Stock Market). 				
				 				
					ITEM 14: 					 				 					 					PRINCIPAL ACCOUNTANT FEES AND SERVICES. 					
				 				
				Aggregate fees for professional services rendered for the Company by Olsen Thielen & Co. LTD (OT) for the years ended June 30, 2016, and 2015 were as follows: 				
				 				
				The Audit Fees for the years ended June 30, 2016 and 2015 were the amounts billed or to be billed for professional services in connection with the audits of the consolidated financial statements of the Company and its quarterly (Form 10-Q) and yearly filings (Form 10-K) with the SEC. 				
				There were no Audit-Related Fees billed by our principal accountants for the years ended June 30, 2016 and 2015. 				
				There were no Tax Fees billed by our principal accountants for the years ended June 30, 2016 and 2015. 				
				There were no Other Fees billed by our principal accountants for the years ended June 30, 2016 and 2015. 				
				The de minimis exception was not used for any fees paid to OT. 				
				 				
					ITEM 15: 					 				 					 					EXHIBITS AND FINANCIAL STATEMENT SCHEDULES. 					
				 				
					FINANCIAL STATEMENTS 					
				 				
				The following consolidated financial statements of Oakridge Holdings, Inc. and subsidiaries, together with the Report of Independent Registered Public Accounting Firm, are filed as part of this Annual Report on Form 10-K: 				
				Report of Independent Registered Public Accounting Firm 				
				Consolidated Balance Sheets as of June 30, 2016 and 2015 				
				Consolidated Statements of Operations for the Years Ended June 30, 2016 and 2015 				
				Consolidated Statements of Stockholders’ Equity (Deficit) for the Years Ended June 30, 2016 and 2015 				
				Consolidated Statements of Cash Flows for the Years Ended June 30, 2016 and 2015 				
				Notes to Consolidated Financial Statements 				
				The following documents are filed or incorporated by reference as part of this Form 10-K: 				
				 				
				3(i) Amended and Restated Articles of Incorporation as amended (1) 				
				3(ii) Amended and Superseding By-Laws as amended (1) 				
				10(b) Loan Documents for Line of Credit (3) 				
				10(c) Loan Documents for Term Loan (3) 				
				10(e) Loan documents for Mortgage Note Payable (3) 				
				10(f) Loan agreements with officers (4) 				
				10(g) Form of Subordinated Convertible Debentures (5) 				
				10(h) Form of Subordinated Convertible Debentures (6) 				
				13 Financial Statements 				
				21 Subsidiaries of Registrant (2) 				
				31 Rule 13a-14(a)/15d-14(a) Certifications 				
				32 Section 1350 Certifications 				
				101 Interactive data files pursuant to Rule 405 of Regulation S-T* 				
				 				
				 				
				(1) Filed as exhibit to Form 10-KSB for fiscal year ended June 30, 1996. 				
				(2) Filed as exhibit to Form 10-KSB for fiscal year ended June 30, 1999. 				
				(3) Filed as exhibit to Form 10-KSB for fiscal year ended June 30, 2009. 				
				(4) Material terms are described in Form 8-K filed September 26, 2009 and incorporated herein by reference. 				
				(5) Filed as exhibit to Form 8-K filed November 22, 2010. 				
				(6) Filed as exhibit to Form 8-K filed February 2, 2011. 				
				* In accordance with Rule 406T of Regulation S-T, the XBRL related information in Exhibit 101 to this Annual Report on Form 10-K is deemed not filed or part of a registration statement or prospectus for purposes of Section 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, and otherwise is not subject to liability under those sections. 				
				 				
				 				
				Signatures 				
				 				
				In accordance with Section 13 or 15 (d) of the Exchange Act, the Company has caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. 				
				 				
				 OAKRIDGE HOLDINGS, INC. 				
				 				
				Dated: March 24, 2017 By 					 					 /s/ Robert C. Harvey 					
				 Robert C. Harvey 				
				 Chairman of the Board of Directors 				
				 				
				In accordance with the Exchange Act, this report has also been signed below by the following persons on behalf of the Company and in the capacities and on the dates indicated. 				
				 				
				Dated: March 24, 2017 By 					 					 /s/ Robert C. Harvey 					
				 Robert C. Harvey 				
				 Chief Executive Officer 				
				 Chief Financial Officer (principal accounting officer) 				
				 Director 				
				 				
				Dated: March 24, 2017 By / 					 					s/ Robert B. Gregor 					
				 Robert B. Gregor 				
				 Secretary 				
				 Director 				
				 				
				Dated: March 24, 2017 By 					 					/s/ Lester Lind 					
				 Lester Lind 				
				 Director 				
				 				
				Dated: March 24, 2017 					 					By 					
					 /s/ Pamela Whitney 					
				 Pamela Whitney 				
				 Director 				
				 				
					 					
					EXHIBIT 31 					
				 				
					RULE 13a-14(a)/15d-14(a) 					
					CERTIFICATIONS 					
				 				
					Chief Executive Officer 					
					Chief Financial Officer 					
				 				
				I, Robert C. Harvey, certify that: 				
				 				
				 1. I have reviewed this annual report on Form 10-K of Oakridge Holdings, Inc.; 				
				 				
				 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 				
				 				
				 3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; 				
				 				
				 4. I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and I have: 				
				 				
				 a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under my supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to me by others within those entities, particularly during the period in which this report is being prepared; 				
				 				
				 b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under my supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; 				
				 				
				 c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report my conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and 				
				 				
				 d) disclosed in this report any change in the registrant’s internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and 				
				 				
				 5. I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions): 				
				 				
				 a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and 				
				 				
				 b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting. 				
				 				
				 				
				Dated: March 24, 2017 				
				 				
				By /s/ ROBERT C. HARVEY 				
				_______________________ 				
				Robert C. Harvey 				
				President, Chief Executive Officer 				
				Chief Financial Officer (principal accounting officer) 				
				Chairman of the Board of Directors 				
					EXHIBIT 32 					
				 				
					SECTION 1350 CERTIFICATIONS 					
				 				
				Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, the undersigned certifies that this periodic report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and that information contained in this periodic report fairly presents, in all material respects, the financial condition and results of operations of Oakridge Holdings, Inc. 				
				 				
				Dated: March 24, 2017 				
				 				
				By /s/ ROBERT C. HARVEY 				
				_______________________ 				
				Robert C. Harvey 				
				President, Chief Executive Officer 				
				Chief Financial Officer (principal accounting officer) 				
				Chairman of the Board of Directors 				
				 				
				 				
					OAKRIDGE 					
					 HOLDINGS, INC. AND SUBSIDIARY 					
				 				
				CONSOLIDATED FINANCIAL STATEMENTS 				
				YEARS ENDED JUNE 30, 2016 and 2015 				
				 				
				
				 				
				 				
					 					
					REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 					
				 				
				To the Board of Directors and Stockholders of 				
				Oakridge Holdings, Inc. and Subsidiary 				
				Eagan, Minnesota 				
				 				
				We have audited the accompanying consolidated balance sheets of Oakridge Holdings, Inc. and Subsidiary as of June 30, 2016 and 2015 and the related consolidated statements of operations, stockholders’ equity (deficit) and cash flows for the years then ended. Oakridge Holdings, Inc.’s management is responsible for these financial statements. Our responsibility is to express an opinion on these financial statements based on our audits. 				
				We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. 				
				In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Oakridge Holdings, Inc. and Subsidiary as of June 30, 2016 and 2015, and the results of their operations and their cash flows for the year then ended, in conformity with accounting principles generally accepted in the United States of America. 				
				 				
				/s/ Olsen Thielen and Co., Ltd. 				
				Roseville, Minnesota 				
				March 24, 2017 				
				 				
				 				
					OAKRIDGE HOLDINGS, INC. AND SUBSIDIAR 					
					Y 					
				CONSOLIDATED BALANCE SHEETS 				
				 				
				 				
				 				
					The accompanying 					
					 					
					notes are an integral part of these consolidated financial statements. 					
					 					
					OAKRIDGE HOLDINGS, INC. AND SUBSIDIAR 					
					Y 					
				 				
				CONSOLIDATED BALANCE SHEETS 				
				 				
				 				
				 				
				 				
				 				
					The accompanying notes are an integral part of these consolidated financial statements. 					
				 				
				 				
					OAKRIDGE HOLDINGS, INC. AND SUBSIDIAR 					
					Y 					
				CONSOLIDATED STATEMENTS OF 					 					 					 				OPERATIONS 				
				 				
				 				
				 				
					The accompanying notes are an integral part of these consolidated financial statements. 					
					 					
				 				
					OAKRIDGE HOLDINGS, INC. AND SUBSIDIAR 					
					Y 					
				 				
				CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) 				
				 				
				YEARS ENDED JUNE 30, 2016 and 2015 				
				 				
				 				
				 				
					The accompanying notes are an integral part of these consolidated financial statements. 					
				 				
					OAKRIDGE HOLDINGS, INC. AND SUBSIDIAR 					
					Y 					
				CONSOLIDATED STATEMENTS OF CASH FLOWS 				
				 				
				 				
					The accompanying notes are an integral part of these consolidated financial statements. 					
							1. 							
							 							
								The Company 								
						 						
							Nature of Business 							
						 						
						Oakridge Holdings, Inc. is a Minnesota corporation organized on March 6, 1961. Oakridge Holdings, Inc. and its subsidiary (the Company) operate an aviation ground support equipment business in Minnesota. On June 29, 1998, the Company acquired the net assets of an aviation ground support equipment business (Stinar). Stinar designs, engineers and manufactures aviation ground support equipment serving the United States Armed Services and businesses domestically and internationally. 						
						On June 20, 2016, the Company entered into an Asset Purchase with Kruckeberg Industries, LLC, a Delaware limited liability company. Pursuant to the Agreement, the Company and Stinar agreed to sell to Purchaser substantially all of the assets owned by Stinar including the premises located at 3255 Sibley Memorial Highway, Eagan, Minnesota 55121, used in the operation of the Business, for an aggregate purchase price of approximately $300,000 in cash, subject to upward or downward adjustment based on the current liabilities to be purchased and assumed by Purchaser pursuant to the Agreement. 						
				 				
							2. 							
							 							
								Summary of Significant Accounting Policies 								
						 						
							Principles of Consolidation 							
						 						
						The consolidated financial statements include the accounts of the Oakridge Holdings, Inc. and its subsidiary, which is wholly-owned. All significant intercompany balances and transactions have been eliminated in the consolidated financial statements. 						
						 						
							Segment Reporting 							
						 						
						The Company operates and manages the business under one reportable segment - the aviation ground support equipment. 						
						 						
							Comprehensive Income (Loss) 							
						 						
						Comprehensive income (loss) includes net income (loss) and items defined as other comprehensive income (loss). Items defined as other comprehensive income (loss) include items such as foreign currency translation adjustments and unrealized gains and losses on certain marketable securities. For the years ended June 30, 2016 and 2015, there were no adjustments to net income (loss) to arrive at comprehensive income (loss). 						
						 						
							Fair Values of Financial Instruments 							
						 						
						The estimated fair values of the Company's financial instruments at June 30, 2016 and 2015, and the methods and assumptions used to estimate such fair values, were as follows: 						
							Cash, accounts receivable, trade accounts payable and due to finance company 							 						 - Fair value approximates the carrying amount because of the short maturity of those financial instruments. 						
							Long-term debt and other notes payable 							 						 - Fair value is estimate d using discounted cash flow analyses, based on the interest rates that are currently available to the Company for issuance of debt with similar terms and remaining maturities as of June 30, 2016 and 2015. The fair value of long-term debt and other notes payable approximated their carrying values at June 30, 2016 and 2015. 						
						 						
							Estimates and Assumptions 							
						 						
						The preparation of consolidated financial statements in accordance with United States generally accepted accounting principles (GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenue and expenses during the reporting period. As a result, actual amounts could differ from those estimates. 						
						 						
							Concentrations 							
						 						
							Credit Risk 							
						 						
						The Company's cash deposits from time to time exceed federally insured limits. The Company has not experienced any losses on its cash deposits in the past. 						
						Financial instruments which potentially subject the Company to a concentration of credit risk consist principally of accounts receivable. The Company generally does not require collateral for its trade accounts receivable. One United States customer accounted for 30% or $143,761 of Stinar’s accounts receivable at June 30, 2016. Additionally, the U.S. Government accounted for approximately 30% and 0% of Stinar’s accounts receivable at June 30, 2016 and 2015, respectively. 						
						 						
							Customers 							
						 						
						A significant portion of the Company's customers are concentrated in the aviation industry. 						
						Stinar’s net sales were concentrated as follows in 2016; international customers (1%), U.S. Government (7%) and North American are (92%). Stinar’s net sales were concentrated as follows in 2015: international customers (8%), U.S. Government (18%) and North American (74%) 						
						 						
							Accounts Receivable 							
						 						
						Accounts receivable are customer obligations generally due under normal trade terms for the industries served by the Company. The Company provides an allowance for doubtful accounts equal to estimated uncollectible amounts. The Company's estimate is based on historical collection experience and a review of the current status of accounts receivable. When management determines that it is probable that an account will not be collected, all or a portion of the amount is charged against the allowance for doubtful accounts. It is reasonably possible that the Company's estimate of the allowance for doubtful accounts will change. 						
						 						
							Inventories 							
						 						
						Finished goods, component parts and work-in-process inventories are stated at the lower of cost (first-in, first-out [FIFO]) or market. The Company reviews inventory on an annual basis and provides an inventory reserve for slow-moving, obsolete or unusable inventory, if necessary. As of June 30, 2016, the Company determined an obsolete inventory reserve of $150,000 to be necessary. The Company reserved $300,000 inventory reserve as of June 30, 2015. 						
						 						
							Property and Equipment 							
						 						
						Property and equipment are carried at cost. Depreciation is computed using the straight-line method over the estimated useful lives of the related assets and are generally depreciated over a 3 to 15 year period. When assets are retired or otherwise disposed of, the cost and related accumulated depreciation are removed from the accounts and any resulting gain or loss is recognized in income for the period. The cost of maintenance and repairs is charged to operations as incurred and significant renewals and betterments are capitalized. 						
						 						
							Debt Issuance Costs 							 						 - Debt issuance costs are carried at cost and amortized using the straight-line method over the term of the related debt. Amortization of these debt costs, recognized and reported as interest expense for the years ended June 30, 2016 and 2015, was $15,878 and $15,329, respectively. 						
						 						
							Long-lived Assets 							
						 						
						The Company periodically evaluates the carrying value of long-lived assets to be held and used, including but not limited to, capital assets, when events and circumstances warrant such a review. The carrying value of a long-lived asset is considered impaired when the anticipated undiscounted cash flow from such asset is less than its carrying value. In that event, a loss is recognized based on the amount by which the carrying value exceeds the fair value of the long-lived asset. Fair value is determined primarily using the anticipated cash flows discounted at a rate commensurate with the risk involved. Losses on long-lived assets to be disposed of are determined in a similar manner, except that fair values are reduced for the cost to dispose. 						
						 						
							Product Warranty Liability 							
						 						
						The Company’s warrants its products against certain defects based on contract terms. Generally, warranty periods are 14 months for equipment and 1 year for manufactured parts. The Company has recourse provisions for certain items that would enable recovery from third parties for amounts paid under the warranties. At June 30, 2016 and 2015, the Company's estimated product warranty liability based on historical activity was $0 and $15,000, respectively. 						
						 						
							Revenue Recognition 							
						 						
						In May 2014, the Financial Standards Accounting Board (FASB) issued Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers (ASU 2014-09), which supersedes nearly all existing revenue recognition guidance under United States Generally Accepted Accounting Procedures (GAAP). The core principles of ASU 2014-09 is to recognize revenues when promised goods or services are transferred to customers in an amount that reflects the consideration to which an entity expects to be entitled for those goods or services. ASU 2014-09 defines a five step process to achieve this core principle and, in doing so more judgment and estimates may be required within the revenue recognition process than are required under existing GAAP. The standard is effective for annual periods beginning after December 15, 2016 and interim periods therein, using either of the following transition methods: (i) a full retrospective approach reflecting the application of the standard in each prior reporting period with the option to elect certain practical expedients, or (ii) a retrospective approach with the cumulative effect of initially adopting ASU 2014-09 recognized at the date of adoption ( which includes additional footnote disclosures). We are currently evaluating the impact of our pending adoption of ASU 2014-09 on our consolidated financial statements and have not yet determined the method by which we will adopt the standard in 2017. The Company currently plans to adopt the standard using the “modified retrospective method”, Under that method, we will apply the rules to all contracts existing as of January 1, 2018, recognizing in the beginning retained earnings an adjustment for the cumulative effect of the change and providing additional disclosure comparing results to previous accounting standards. Upon initial evaluation, we believe the requirements of this standard will not result in a significant change to our results. 						
						 						
							Aviation Ground Support Equipment 							
						 						
						Revenue is recognized when all significant contractual obligations have been satisfied and collection of the resulting receivable is reasonably assured. 						
						 						
							Shipping and Handling Costs 							
						 						
						All shipping and handling revenue is included in revenue. All direct costs to ship the products to customers are classified as cost of goods sold. 						
						 						
							Income Taxes 							
						 						
						Income taxes are provided for the tax effects of transactions reported in the consolidated financial statements and consist of taxes currently due plus deferred income taxes. The significant temporary differences relate to research and development credit carry forwards, operating loss carry forwards, depreciation, inventories and certain accruals. Deferred income tax assets and liabilities represent the future tax return consequences of those differences, which will either be taxable or deductible when the assets and liabilities are recovered or settled. Deferred tax assets are reduced through the establishment of a valuation allowance at the time, based upon available evidence, it becomes more likely than not that the deferred tax assets will not be realized. 						
						The Company recognizes the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the consolidated financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate resolution. Management also assesses whether uncertain tax positions, as filed, could result in the recognition of a liability for possible interest and penalties. The Company's policy is to include interest and penalties related to unrecognized tax benefits as a component of income tax expense. The Company has not identified any material uncertain tax positions as of June 30, 2016 and 2015. 						
						The Company files consolidated income tax returns in the U.S. federal jurisdiction and various state jurisdictions. The Company's tax years dating back to 2002 remain open to examination due to unexpired net operating loss carry forwards originating in and subsequent to that year. 						
						In October 2016, the Company filed tax year 2014 Federal Corporate Tax and Minnesota State Franchise Tax returns. As of June 30, 2016, the Company still owes $242,750 Minnesota State Franchise taxes plus interest. 						
						 						
							Environmental Costs 							
						 						
						Environmental expenditures that pertain to current operations or relate to future revenue are expensed or capitalized consistent with the Company's capitalization policy. Expenditures that result from the remediation of an existing condition caused by past operations that do not contribute to current or future revenue are expensed. Liabilities are recognized for remedial activities when the clean-up is probable and the cost can be reasonably estimated. 						
						As requested by Kruckeberg Industries, LLC, from January 2016 to March 2016, Landmark Environmental, LLC conducted a Phase I Environmental test and a Supplemental Phase II Environmental test and revealed that areas of buried debris and impacted soils should be excavated and transported off-site for disposal to allow for future redevelopment of the Property. The quote for excavation is around $76,000. The Company is planning to do the excavation in 2017. 						
						 						
							Advertising Costs 							
						 						
						Advertising costs are expensed as incurred. 						
						 						
							Research and Development Costs 							
						 						
						Research and development costs in the product development process are expensed as incurred. Research and development costs consist primarily of engineering and material costs relating to design and prototype development activities. 						
						 						
							Basic and Diluted Net Earnings per Share 							
						 						
						Basic net earnings (loss) per common share is computed by dividing net earnings (loss) applicable to common stockholders by the weighted-average number of common shares outstanding during the period. Diluted net earnings (loss) per common share is determined using the weighted-average number of common shares outstanding during the period, adjusted for the dilutive effect of common stock equivalents, consisting of shares that might be issued upon the conversion of subordinated debentures and adjusting the net earnings (loss) applicable to common stockholders resulting from the assumed conversions. In periods where losses are reported, the weighted-average number of common shares outstanding excludes common stock equivalents, because their inclusion would be anti-dilutive. 						
						 						
							Recent Accounting Pronouncements 							
						 						
						(a) Revenue Recognition 						
						In August 2015, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2015-14, "Revenue Recognition - Revenue from Contracts with Customers," which extended the effective date of a comprehensive revenue recognition standard that will supersede nearly all existing revenue recognition guidance under U.S. GAAP. The new standard will now be effective for interim and annual periods beginning after December 15, 2017, and either full retrospective adoption or modified retrospective adoption is permitted. The Company is evaluating the impact of this standard. 						
						 						
						(b) Leases 						
						In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842 ” (“ASU 2016-02”), which requires lessees to put most leases on their balance sheets but recognize the expenses on their income statements in a manner similar to current practice. The standard states that a lessee would recognize a lease liability for the obligation to make lease payments and a right-to-use asset for the right to use the underlying asset for the lease term. The standard is effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2018. Early adoption is permitted. We are currently evaluating the timing of our adoption and the impact that the updated standard will have on our consolidated financial statements. 						
						 						
						 (c ) Inventory 						
						 						
						In July 2015, the FASB issued ASU No. 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory, requiring that inventory be measured at the lower of cost and net realizable value. Net realizable value is defined as estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. This ASU is effective within annual periods beginning on or after December 15, 2016, including interim periods within that reporting period. We are currently evaluating the impact this guidance may have on our consolidated financial statements. 						
						 						
						(d) Income Taxes 						
						 						
						In November 2015, the FASB issued ASU 2015-17, “Income Taxes (Topic 740)” providing guidance on the balance sheet classification of deferred taxes. The guidance effective for fiscal years beginning after December 15, 2016 and for interim periods within those fiscal years, with early adoption permitted. We are currently evaluating the impact this guidance may have on our consolidated financial statements. 						
						 						
						(e) Statement of Cash Flows 						
						 						
						During August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments, to address diversity in how certain cash receipts and cash payments are presented and classified in the statements of cash flows. The amendments are effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. The amendments should be applied using a retrospective transition method to each period presented. If retrospective application is impractical for some of the issues addressed by the update, the amendments for those issues would be applied prospectively. Early adoption is permitted, including adoption in an interim period. The Company does not expect the adoption of ASU 2016-15 to have a material impact on our consolidated financial statements. 						
				 				
							3. 							
							 							
								Inventories 								
						 						
						Production inventories consisted of the following at June 30: 						
						 						
							4. 							
							 							
								Property and Equipment 								
						 						
						Property and equipment, at cost consisted of the following at June 30: 						
						 Depreciation charged to operations was $ 							74,486 						in 2016 and $ 							81,668 						in 2015. 						
						 						
							5. 							
							 							
								Accrued Liabilities 								
						 						
						Accrued liabilities consisted of the following at June 30: 						
							6. 							
							 							
								Debt 								
						 						
							 Due to Finance Company 							
						 						
						A finance company finances a subsidiary's inventory chassis purchases, which are used in the production of aviation ground support equipment. At June 30, 2016, and 2015, $ 							82,905 						and $ 							297,188 						was outstanding with interest ranging from 							4.67 							% to 							8.25 							%, beginning 90 days after purchase. Principal payments on chassis purchases are due in full, six months after purchase. The financing is secured by chassis inventory and personally guaranteed by the assets of the chief executive officer/key stockholder. 						
						 						
						 							 							Long 							
							-Term Debt 							
						 						
						Future maturities of long-term debt are as follows at June 30, 2016: 						
						 						
						 						
							 Loan Covenants 							
						The Company’s credit agreements with its bank contain certain annual covenants, which were not met at June 30, 2013 and 2014, but which were subsequently waived by the bank. The covenants for June 2015 and 2016 were not met and were not waived by the bank. However, due to the passage of time the notes have not been reclassified as due on demand as of June 30, 2016. The next covenant calculation date will be June 30, 2017. 						
				 				
							7. 							
							 							
								Income Taxes 								
						 						
						The Company has federal and state net operating loss carryforwards of approximately $ 							2,325,000 						and $ 							1,604,360 							, respectively. Net operating loss carry forwards expires beginning in 2028. Tax credit carryforwards expires beginning in 2018. 						
						Deferred income tax balances reflect the effects of temporary differences between the carrying amounts of assets and liabilities and their tax bases, as well as from net operating loss and tax credit carry forwards, and are stated at enacted tax rates expected to be in effect when taxes are actually paid or recovered. We evaluate the recoverability of these future tax deductions and credits by assessing the adequacy of future expected taxable income from all sources, including reversal of taxable temporary differences, forecasted operating earnings and available tax planning strategies. To the extent we do not consider it more likely than not that a deferred tax asset will be recovered, a valuation allowance is established. The Company has determined that a valuation allowance of $ 							797,000 						and $ 							590,000 							, related to deferred tax assets is necessary at June 30, 2016 and June 30, 2015. 						
				 				
							8. 							
							 							
								Other Related Party Transactions 								
						 						
						Total amounts, including amounts from prior periods, owed to a related entity for tax compliance services aggregated $ 							42,126 						and $ 							42,126 						as of June 30, 2016, and 2015, respectively, and was included in trade accounts payable on the accompanying balance sheets. The Company has a month-to-month operating lease for its corporate offices from one of the officers. Total rent expense for this lease was $ 							6,000 						in 2016 and $ 							12,000 						in 2015. Total amounts owed on this lease were $ 							6,000 						and $ 							6,000 						as of June 30, 2016 and 2015, respectively and is included in trade accounts payable on the accompanying balance sheets. The Company has a short term payable of $ 							90,062 						to a related entity that is expected to be applied to future charges. The liability owed to the related party will be paid by future buyers. 						
				 				
							 						. 							
								Stock Options 								
						 						
						On September 1, 1998, the Board of Directors approved a Stock Incentive Awards Plan to attract and retain individuals to contribute to the achievement of the Company's economic objectives. Under the Plan, individuals are eligible based on the judgment of a committee of Board members (committee). At the discretion of the committee, eligible recipients may be granted options to purchase shares of the Company's common stock at an exercise price per share equal to the market price at the grant date. The stock options are exercisable at such times and in such installments as determined by the committee, limited to a maximum of ten years from the date of the grant. The Plan has authorized the issuance of 175,000 shares of common stock under the Plan, there were no grants for shares issued in 2016 and 2015, and as of June 30, 2016, 175,000 shares were available for future grants. There are no outstanding options at June 30, 2016 and for the years ended June 30, 2016 and 2015 there was no stock option expense. 						
				 				
							 						. 							
								Earnings per Share of Common Stock 								
						 						
						The following table reconciles the net income and shares of the basic and diluted earnings per share computations: 						
						 						
						 						
							11. 							
								Subsequent Event 								
						 						
						On February 24, 2017, Stinar Corporation signed a line of credit agreement with Kruckeberg Industries, LLC in amount of $100,000.00. The Mature Date of this line of credit will be March 1, 2018, with interest rate of 9%.
ITEM 8: 					 				 					 					FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA. 					
				 				
				The financial statements of the Company for the fiscal years ended June 30, 2016 and 2015 located at Exhibit 13,, are incorporated herein. 				
				 				
					ITEM 9:
ITEM 9: 					 				 					 					CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE. 					
				 				
				None. 				
				 				
					ITEM 9A:
ITEM 9A: CONTROLS AND PROCEDURES. 					
				 				
					DISCLOSURE CONTROLS AND PROCEDURES 					
				An evaluation was carried out under the supervision and with the participation of the Company’s management, including the Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of the Company’s disclosure controls and procedures (as defined in Rule 13a-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) as of the end of the period covered by this annual report. Based on that evaluation, the Chief Executive Officer and Chief Financial Officer have concluded that the Company’s disclosure controls and procedures are not effective to ensure that information required to be disclosed by the Company in reports that it files or submits under the Exchange Act is (a) recorded, processed, summarized and reported within the time periods specified in SEC rules and forms and (b) accumulated and communicated to the Chief Executive Officer and Chief Financial Officer to allow timely decisions regarding disclosure. Notwithstanding the material weaknesses that existed as of June 30, 2016, our Chief Executive Officer and Chief Financial Officer have concluded that the consolidated financial statements included in this Annual Report on Form 10-K present fairly, in all material respects, the financial position, results of operations and cash flows of the Company and its subsidiaries in conformity with accounting principles generally accepted in the United States of America (“GAAP”). We continue to evaluate the potential steps to remediate such material weaknesses, as described below. 				
				 				
				 				
					MANAGEMENT’S ANNUAL REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING 					
				Our management is responsible for establishing and maintaining adequate internal control over financial reporting as defined in Rules 13a and 15d - 15f under the Exchange Act. Our internal control system is designed to provide reasonable assurance to our management and board of directors regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. Our internal control over financial reporting includes those policies and procedures that: 				
				 				
							● 							
							Pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the Company; 							
				 				
							● 							
							Provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the Company are being made only in accordance with authorizations of management and directors of the Company; and 							
				 				
							● 							
							Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the Company’s assets that could have a material effect on the financial statements. 							
				 				
				Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. 				
				Our management assessed the effectiveness of our internal control over financial reporting as of June 30, 2016. In making this assessment, management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission’s 2013 Framework (the “COSO 2013 Framework”). Based on management’s assessment and those criteria, management believes that, as of June 30, 2016, as a result of the material weaknesses described below, the Company has not maintained effective internal control over financial reporting. 				
				 				
					Material Weakness in Internal Control over Financial Reporting 					
				 				
				A material weakness is a control deficiency, or combination of control deficiencies, that results in more than a remote likelihood that a material misstatement of annual or interim financial statements will not be prevented or detected. In connection with its assessment, management identified the following control deficiencies that represent material weaknesses at June 30, 2016: 				
				 				
							● 							
							Due to the limited number of Company personnel, a lack of segregation of duties exists. An essential part of internal control is for certain procedures to be properly segregated and the results of their performance be adequately reviewed. This is normally accomplished by assigning duties so that no one person handles a transaction from beginning to end and incompatible duties between functions are not handled by the same person. Our management plans to explore implementing cost-effective measures to establish a more formal review process in an effort to reduce the risk of fraud and financial misstatements. 							
				 				
							● 							
							Due to weaknesses in the Company’s financial reporting controls specifically relating to inventory at the Aviation Ground Support Equipment segment, management believes there is more than a remote likelihood that a material misstatement of annual or interim financial statements would not be prevented or detected, as happened with our 2009 - 2012 annual financial statements. Management plans to explore implementing cost effective measures to improve its inventory reporting system in an effort to reduce the risk of a material misstatement of the financial statements. 							
				 				
							● 							
							Due to the lack of expertise and personnel for financial reporting, the Company was not able to file required financial reports on time. 							
				 				
							● 							
							The Company did not have effective controls to provide reasonable assurance as to timely account reconciliations. Management believes that there is a more than remote likelihood that a material misstatement of annual or interim financial statements would not be prevented or detected in a timely manner. Management plans to update management plans in an effort to reduce the risk and material misstatement of the financial statements. 							
				 				
				This annual report does not include an attestation report of the Company’s registered public accounting firm regarding internal control over financial reporting. Our management’s report of the effectiveness of the design and operation of our internal controls and procedures was not subject to attestation by the Company’s registered public accounting firm in accordance with the rules of the Securities and Exchange Commission that permit the Company to provide only management’s report in this annual report. 				
				 				
				 				
					CHANGES IN INTERNAL CONTROL OVER FINANCIAL REPORTING 					
				 				
				During the year ended June 30, 2016, we continue our remediation efforts related to the following material weaknesses reported in the Form 10-K for the year ended June 30, 2015. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Company's annual or interim financial statements will not be prevented or detected on a timely basis. 				
				 				
							● 							
							Due to the limited number of Company personnel, a lack of segregation of duties exists. An essential part of internal control is for certain procedures to be properly segregated and the results of their performance be adequately reviewed. This is normally accomplished by assigning duties so that no one person handles a transaction from beginning to end and incompatible duties between functions are not handled by the same person. Our management plans to explore implementing cost-effective measures to establish a more formal review process in an effort to reduce the risk of fraud and financial misstatements. 							
							● 							
							Due to weaknesses in the Company’s financial reporting controls specifically relating to inventory at the Aviation Ground Support Equipment segment, management believes there is more than a remote likelihood that a material misstatement of annual or interim financial statements would not be prevented or detected, as happened with our 2009 - 2012 annual financial statements. Management plans to explore implementing cost effective measures to improve its inventory reporting system in an effort to reduce the risk of a material misstatement of the financial statements. 							
							● 							
							Due to the lack of expertise and personnel for financial reporting, the Company was not able to file required financial reports on time. 							
							● 							
							The Company did not have effective controls to provide reasonable assurance as to the proper recognition and recording of receivables and revenue. Management plans to consult with third party advisors who are knowledgeable regarding revenue recognition in an effort to reduce the risk and material misstatement of the financial statements. 							
				 				
				As a result of the remediation efforts noted below, there were improvements in internal control over financial reporting during the Year ended June 30, 2016 that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting. There were no other changes in internal control over financial reporting (as defined by Rules 13a-15(f) and 15d-15(f) under the Exchange Act) that have materially affected, or is reasonably likely to materially affect, our internal control over financial reporting. 				
				 				
					Remediation Actions 					
				 				
				In response to these material weaknesses, we developed remediation plans to address the control deficiencies identified in fiscal year 2015. We implemented the following remediation actions during the year ended June 30, 2016: 				
				 				
				Segregation of duties 				
				 				
							● 							
							Engaged a third party specialist for advice and consultation 							
							● 							
							Provided training and education to different accounting functions 							
							● 							
							Established review controls 							
				 				
				Financial reporting control 				
				 				
							● 							
							Provided training for calculating the cost of raw materials, work in progress, and finished goods. 							
							● 							
							Completed review of the Company's critical accounting and internal control policies with third party advisors that are knowledgeable regarding GAAP and internal controls 							
							● 							
							Provided training and education relating to accounting for debt modifications and extinguishments 							
							● 							
							Hired full-time financial controller to prepare consolidated financial statements 							
				 				
				In addition to the above steps, management intends to continue its remediation efforts by: 				
				 				
							● 							
							Provide ongoing training and education relating to GAAP around complex and non-routine transactions specifically identified through regular review of emerging issues and Company business activities. 							
							● 							
							Completing our review with the assistance of a third party advisor of the Company’s financial reporting controls and implementing recommended control procedures to strengthen the Company’s control procedures in areas which involve significant judgements and estimates, which involve application of complex accounting methods under GAAP, or which could have a material impact on the accuracy of our financial statements. 							
				 				
				We are committed to a strong internal control environment, and believe that, when fully implemented, the remediation actions described above will represent significant improvements in the Company’s accounting and financial reporting functions. The Company has hired a full-time controller and had made tremendous progress with improving the training and education of staff and added the additional internal control processes designed to remediate these material weaknesses during the balance of 2015. We will continue to assess the effectiveness of our remediation efforts in connection with management’s future evaluations of internal control over financial reporting. 				
				 				
					ITEM 9B:
ITEM 9B: OTHER INFORMATION. 					
				 				
				None. 				
				 				
						PART III 						
				 				
					ITEM 10:
ITEM 10: 					 				 					 					DIRECTORS AND EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE. 					
				 				
				The following information has been furnished to the Company, as of March 24, 2017, by the persons who are directors of the Company. Each director is elected to a term that lasts until the Company’s next annual meeting of shareholders or until their respective successors are elected and qualified. 				
				 				
				Below is information about business experience of the Company’s directors. Except as indicated below, there has been no change in the principal occupation or employment of any director during the past five years. 				
				Robert Harvey has been the Chairman of the Board, Chief Executive Officer and Chief Financial Officer of the Company and Stinar HG, Inc. since November 1992. 				
				 				
				Robert Gregor has been Vice President of Marketing and Sales and Secretary for Stinar HG, Inc. since January 1, 1999, and prior to joining Stinar HG, Inc. he was Senior Account Executive at E.F. Johnson Company since 1993. 				
				 				
				Lester Lind is presently retired. Prior to retiring in 2010, he was a shareholder of Von Hanson’s Meats and has more than 40 years’ experience in planning, developing and implementing openings of new operations across the United States. 				
				 				
				Pamela Whitney is presently an auditor for Wells Fargo Audit and Security and has been in that position since November 11, 2005. Prior to joining Well Fargo Audit and Security she was employed at the CPA firm of Epstein Weber & Conover, PLC and before that was an Inventory Exchange Supervisor at Phillips 66 from 2000 to 2005, and was at the CPA firm of Kilpatrick, Luster & Co., PLLC. 				
				 				
				Former director Stewart Levin has recently resigned on March 10, 2017 because of health reason. 				
				 				
					Section 16(a) Beneficial Ownership Reporting Compliance 					
				 				
				Section 16(a) of the Securities Exchange Act of 1934, as amended, requires the Company’s directors and executive officers and all persons who beneficially own more than 10% of the outstanding shares of the Company’s Common Stock to file with the SEC initial reports of ownership and reports of changes in ownership of the Company’s Common Stock. Executive officers, directors and greater than 10% beneficial owners are also required to furnish the Company with copies of all Section 16(a) forms they file. 				
				 				
				To the Company’s knowledge, based solely on its review of the forms furnished to the Company and written representations from certain reporting persons, the Company believes that all Section 16(a) filing requirements applicable to its executive officers, directors and persons who own more than 10% of the Company’s Common Stock were complied with in fiscal year 2016. 				
				 				
					Code of Ethics 					
				 				
				The Company has not adopted a code of ethics that applies to the Company’s Chief Executive Officer, Chief Financial Officer, Controller and other employees performing similar functions. The Company has not adopted such a code as all of these roles are performed or closely supervised by the Company’s Chief Executive Officer, who operates under the direct supervision of the Board of Directors and Audit Committee. 				
				 				
					Audit Committee 					
				 				
				The Audit Committee meets with management to review the scope and results of audits performed by the Company’s independent accountants. The Audit Committee also meets with the independent auditors and with appropriate Company financial personnel about internal controls and financial reporting. The Audit Committee is the agent of the Board in assuring the adequacy of the Company’s financial, accounting and reporting control processes. The Audit Committee is also responsible for recommending to the Board the appointment of the Company’s independent accountants. The Audit Committee currently consists of Lester Lind and Pamela Whitney. The Audit Committee has determined that Pamela Whitney is an “audit committee financial expert” and is “independent” as defined by SEC rules. 				
				 				
					ITEM 11:
ITEM 11: 					 				 					 					EXECUTIVE COMPENSATION 					
				 				
				The following table sets forth certain information regarding compensation for the Company’s two most recently completed fiscal years provided to the Company’s Chief Executive Officer and Chief Financial Officer and its only other executive officer who earned remuneration exceeding $100,000 during fiscal year 2016 (the “Named Executive Officers”). 				
				The Company has not entered into employment agreements with any of the Named Executive Officers. 				
				The Company did not make any grants of restricted stock, stock options or other equity-based compensation to the Named Executive Officers during fiscal year 2016 or 2015. The Company does not currently have any equity compensation plans. 				
				The table below sets forth the compensation paid to each non-employee director of the Company during fiscal year 2016. The Company’s directors who are employees do not receive separate compensation for serving as directors. Each of the Company’s directors is reimbursed for all out-of-pocket expenses incurred on behalf of the Company in connection with serving on the Board. 				
				 				
				 				
					ITEM 12:
ITEM 12: 					 				 					 					SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS 					
					 AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS. 					
				 				
				The following table sets forth information regarding beneficial ownership of Common Stock on December 18, 2013 by each person who is a beneficial owner of more than 5% of the Common Stock, issued and outstanding, by each Named Executive Officer named in the Summary Compensation Table, by each director and all officers and directors as a group. The address for all executive officers and directors of the Company is the Company’s business address. 				
				 				
					(1) 					 				 Unless otherwise noted, all shares shown are held by persons possessing sole voting and investment power with respect to such shares. Shares not outstanding but deemed beneficially owned by virtue of the right of a person or member or a group to acquire them within 60 days are treated as outstanding only when determining the amount and percent owned by such person or group. 				
					(2) 					 				 Includes 66,857 shares held by Robert Harvey’s wife and children in which he may be deemed to share voting and investment power, but as to which he disclaims beneficial ownership. Also includes 245,422 shares held jointly by Robert Harvey and his wife. 				
					(3) 					 				 Includes 2,350 shares held by Robert Gregor’s wife and children in which he may be deemed to share voting and investment power, but as to which he disclaims beneficial ownership. Also includes 144,814 shares held jointly by Robert Gregor and his wife. 				
				 				
					ITEM 13:
ITEM 13: 					 				 					 					CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND 					
					DIRECTOR INDEPENDENCE 					
					. 					
				 				
					Certain Relationships and Related Transactions 					
				 				
				In the ordinary course of business, the Company may from time to time engage in transactions with other corporations whose officers, directors or employees are also directors or officers, or family members of directors or officers, of the Company. The Company may also engage in transactions with individuals who are, or are family members of, directors or officers of the Company. The Company has an unwritten policy under which the Audit Committee reviews these transactions to examine whether the transactions are conducted on an arm’s length basis. The Audit Committee makes a recommendation to the Board whether to approve the proposed transaction, which the Board has historically always followed. In all cases, these related-party transactions have been conducted on an arm’s length basis, and none of the transactions require more specific disclosure under applicable SEC rules and regulations, except as described below. 				
				The Company has a month-to-month operating lease for office space from the Chief Executive Officer and the total rent expense was $ 6,000 and $12,000 under this lease in fiscal years 2016 and 2015. 				
				 				
					Director Independence 					
				 				
				All of the Company’s directors, except for Robert Harvey and Robert Gregor, are “independent” as that term is defined in Rule 5605(a) of the Nasdaq Stock Market Marketplace Rules. That is the standard for independence the Company has chosen for purposes of the disclosure required in this report by SEC rules (even though the Company’s Common Stock is not listed on the Nasdaq Stock Market). 				
				 				
					ITEM 14:
ITEM 14: 					 				 					 					PRINCIPAL ACCOUNTANT FEES AND SERVICES. 					
				 				
				Aggregate fees for professional services rendered for the Company by Olsen Thielen & Co. LTD (OT) for the years ended June 30, 2016, and 2015 were as follows: 				
				 				
				The Audit Fees for the years ended June 30, 2016 and 2015 were the amounts billed or to be billed for professional services in connection with the audits of the consolidated financial statements of the Company and its quarterly (Form 10-Q) and yearly filings (Form 10-K) with the SEC. 				
				There were no Audit-Related Fees billed by our principal accountants for the years ended June 30, 2016 and 2015. 				
				There were no Tax Fees billed by our principal accountants for the years ended June 30, 2016 and 2015. 				
				There were no Other Fees billed by our principal accountants for the years ended June 30, 2016 and 2015. 				
				The de minimis exception was not used for any fees paid to OT. 				
				 				
					ITEM 15:
ITEM 15: 					 				 					 					EXHIBITS AND FINANCIAL STATEMENT SCHEDULES. 					
				 				
					FINANCIAL STATEMENTS 					
				 				
				The following consolidated financial statements of Oakridge Holdings, Inc. and subsidiaries, together with the Report of Independent Registered Public Accounting Firm, are filed as part of this Annual Report on Form 10-K: 				
				Report of Independent Registered Public Accounting Firm 				
				Consolidated Balance Sheets as of June 30, 2016 and 2015 				
				Consolidated Statements of Operations for the Years Ended June 30, 2016 and 2015 				
				Consolidated Statements of Stockholders’ Equity (Deficit) for the Years Ended June 30, 2016 and 2015 				
				Consolidated Statements of Cash Flows for the Years Ended June 30, 2016 and 2015 				
				Notes to Consolidated Financial Statements 				
				The following documents are filed or incorporated by reference as part of this Form 10-K: 				
				 				
				3(i) Amended and Restated Articles of Incorporation as amended (1) 				
				3(ii) Amended and Superseding By-Laws as amended (1) 				
				10(b) Loan Documents for Line of Credit (3) 				
				10(c) Loan Documents for Term Loan (3) 				
				10(e) Loan documents for Mortgage Note Payable (3) 				
				10(f) Loan agreements with officers (4) 				
				10(g) Form of Subordinated Convertible Debentures (5) 				
				10(h) Form of Subordinated Convertible Debentures (6) 				
				13 Financial Statements 				
				21 Subsidiaries of Registrant (2) 				
				31 Rule 13a-14(a)/15d-14(a) Certifications 				
				32 Section 1350 Certifications 				
				101 Interactive data files pursuant to Rule 405 of Regulation S-T* 				
				 				
				 				
				(1) Filed as exhibit to Form 10-KSB for fiscal year ended June 30, 1996. 				
				(2) Filed as exhibit to Form 10-KSB for fiscal year ended June 30, 1999. 				
				(3) Filed as exhibit to Form 10-KSB for fiscal year ended June 30, 2009. 				
				(4) Material terms are described in Form 8-K filed September 26, 2009 and incorporated herein by reference. 				
				(5) Filed as exhibit to Form 8-K filed November 22, 2010. 				
				(6) Filed as exhibit to Form 8-K filed February 2, 2011. 				
				* In accordance with Rule 406T of Regulation S-T, the XBRL related information in Exhibit 101 to this Annual Report on Form 10-K is deemed not filed or part of a registration statement or prospectus for purposes of Section 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, and otherwise is not subject to liability under those sections. 				
				 				
				 				
				Signatures 				
				 				
				In accordance with Section 13 or 15 (d) of the Exchange Act, the Company has caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. 				
				 				
				 OAKRIDGE HOLDINGS, INC. 				
				 				
				Dated: March 24, 2017 By 					 					 /s/ Robert C. Harvey 					
				 Robert C. Harvey 				
				 Chairman of the Board of Directors 				
				 				
				In accordance with the Exchange Act, this report has also been signed below by the following persons on behalf of the Company and in the capacities and on the dates indicated. 				
				 				
				Dated: March 24, 2017 By 					 					 /s/ Robert C. Harvey 					
				 Robert C. Harvey 				
				 Chief Executive Officer 				
				 Chief Financial Officer (principal accounting officer) 				
				 Director 				
				 				
				Dated: March 24, 2017 By / 					 					s/ Robert B. Gregor 					
				 Robert B. Gregor 				
				 Secretary 				
				 Director 				
				 				
				Dated: March 24, 2017 By 					 					/s/ Lester Lind 					
				 Lester Lind 				
				 Director 				
				 				
				Dated: March 24, 2017 					 					By 					
					 /s/ Pamela Whitney 					
				 Pamela Whitney 				
				 Director 				
				 				
					 					
					EXHIBIT 31 					
				 				
					RULE 13a-14(a)/15d-14(a) 					
					CERTIFICATIONS 					
				 				
					Chief Executive Officer 					
					Chief Financial Officer 					
				 				
				I, Robert C. Harvey, certify that: 				
				 				
				 1. I have reviewed this annual report on Form 10-K of Oakridge Holdings, Inc.; 				
				 				
				 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 				
				 				
				 3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; 				
				 				
				 4. I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and I have: 				
				 				
				 a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under my supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to me by others within those entities, particularly during the period in which this report is being prepared; 				
				 				
				 b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under my supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; 				
				 				
				 c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report my conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and 				
				 				
				 d) disclosed in this report any change in the registrant’s internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and 				
				 				
				 5. I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions): 				
				 				
				 a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and 				
				 				
				 b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting. 				
				 				
				 				
				Dated: March 24, 2017 				
				 				
				By /s/ ROBERT C. HARVEY 				
				_______________________ 				
				Robert C. Harvey 				
				President, Chief Executive Officer 				
				Chief Financial Officer (principal accounting officer) 				
				Chairman of the Board of Directors 				
					EXHIBIT 32 					
				 				
					SECTION 1350 CERTIFICATIONS 					
				 				
				Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, the undersigned certifies that this periodic report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and that information contained in this periodic report fairly presents, in all material respects, the financial condition and results of operations of Oakridge Holdings, Inc. 				
				 				
				Dated: March 24, 2017 				
				 				
				By /s/ ROBERT C. HARVEY 				
				_______________________ 				
				Robert C. Harvey 				
				President, Chief Executive Officer 				
				Chief Financial Officer (principal accounting officer) 				
				Chairman of the Board of Directors 				
				 				
				 				
					OAKRIDGE 					
					 HOLDINGS, INC. AND SUBSIDIARY 					
				 				
				CONSOLIDATED FINANCIAL STATEMENTS 				
				YEARS ENDED JUNE 30, 2016 and 2015 				
				 				
				
				 				
				 				
					 					
					REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 					
				 				
				To the Board of Directors and Stockholders of 				
				Oakridge Holdings, Inc. and Subsidiary 				
				Eagan, Minnesota 				
				 				
				We have audited the accompanying consolidated balance sheets of Oakridge Holdings, Inc. and Subsidiary as of June 30, 2016 and 2015 and the related consolidated statements of operations, stockholders’ equity (deficit) and cash flows for the years then ended. Oakridge Holdings, Inc.’s management is responsible for these financial statements. Our responsibility is to express an opinion on these financial statements based on our audits. 				
				We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. 				
				In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Oakridge Holdings, Inc. and Subsidiary as of June 30, 2016 and 2015, and the results of their operations and their cash flows for the year then ended, in conformity with accounting principles generally accepted in the United States of America. 				
				 				
				/s/ Olsen Thielen and Co., Ltd. 				
				Roseville, Minnesota 				
				March 24, 2017 				
				 				
				 				
					OAKRIDGE HOLDINGS, INC. AND SUBSIDIAR 					
					Y 					
				CONSOLIDATED BALANCE SHEETS 				
				 				
				 				
				 				
					The accompanying 					
					 					
					notes are an integral part of these consolidated financial statements. 					
					 					
					OAKRIDGE HOLDINGS, INC. AND SUBSIDIAR 					
					Y 					
				 				
				CONSOLIDATED BALANCE SHEETS 				
				 				
				 				
				 				
				 				
				 				
					The accompanying notes are an integral part of these consolidated financial statements. 					
				 				
				 				
					OAKRIDGE HOLDINGS, INC. AND SUBSIDIAR 					
					Y 					
				CONSOLIDATED STATEMENTS OF 					 					 					 				OPERATIONS 				
				 				
				 				
				 				
					The accompanying notes are an integral part of these consolidated financial statements. 					
					 					
				 				
					OAKRIDGE HOLDINGS, INC. AND SUBSIDIAR 					
					Y 					
				 				
				CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) 				
				 				
				YEARS ENDED JUNE 30, 2016 and 2015 				
				 				
				 				
				 				
					The accompanying notes are an integral part of these consolidated financial statements. 					
				 				
					OAKRIDGE HOLDINGS, INC. AND SUBSIDIAR 					
					Y 					
				CONSOLIDATED STATEMENTS OF CASH FLOWS 				
				 				
				 				
					The accompanying notes are an integral part of these consolidated financial statements. 					
							1. 							
							 							
								The Company 								
						 						
							Nature of Business 							
						 						
						Oakridge Holdings, Inc. is a Minnesota corporation organized on March 6, 1961. Oakridge Holdings, Inc. and its subsidiary (the Company) operate an aviation ground support equipment business in Minnesota. On June 29, 1998, the Company acquired the net assets of an aviation ground support equipment business (Stinar). Stinar designs, engineers and manufactures aviation ground support equipment serving the United States Armed Services and businesses domestically and internationally. 						
						On June 20, 2016, the Company entered into an Asset Purchase with Kruckeberg Industries, LLC, a Delaware limited liability company. Pursuant to the Agreement, the Company and Stinar agreed to sell to Purchaser substantially all of the assets owned by Stinar including the premises located at 3255 Sibley Memorial Highway, Eagan, Minnesota 55121, used in the operation of the Business, for an aggregate purchase price of approximately $300,000 in cash, subject to upward or downward adjustment based on the current liabilities to be purchased and assumed by Purchaser pursuant to the Agreement. 						
				 				
							2. 							
							 							
								Summary of Significant Accounting Policies 								
						 						
							Principles of Consolidation 							
						 						
						The consolidated financial statements include the accounts of the Oakridge Holdings, Inc. and its subsidiary, which is wholly-owned. All significant intercompany balances and transactions have been eliminated in the consolidated financial statements. 						
						 						
							Segment Reporting 							
						 						
						The Company operates and manages the business under one reportable segment - the aviation ground support equipment. 						
						 						
							Comprehensive Income (Loss) 							
						 						
						Comprehensive income (loss) includes net income (loss) and items defined as other comprehensive income (loss). Items defined as other comprehensive income (loss) include items such as foreign currency translation adjustments and unrealized gains and losses on certain marketable securities. For the years ended June 30, 2016 and 2015, there were no adjustments to net income (loss) to arrive at comprehensive income (loss). 						
						 						
							Fair Values of Financial Instruments 							
						 						
						The estimated fair values of the Company's financial instruments at June 30, 2016 and 2015, and the methods and assumptions used to estimate such fair values, were as follows: 						
							Cash, accounts receivable, trade accounts payable and due to finance company 							 						 - Fair value approximates the carrying amount because of the short maturity of those financial instruments. 						
							Long-term debt and other notes payable 							 						 - Fair value is estimate d using discounted cash flow analyses, based on the interest rates that are currently available to the Company for issuance of debt with similar terms and remaining maturities as of June 30, 2016 and 2015. The fair value of long-term debt and other notes payable approximated their carrying values at June 30, 2016 and 2015. 						
						 						
							Estimates and Assumptions 							
						 						
						The preparation of consolidated financial statements in accordance with United States generally accepted accounting principles (GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenue and expenses during the reporting period. As a result, actual amounts could differ from those estimates. 						
						 						
							Concentrations 							
						 						
							Credit Risk 							
						 						
						The Company's cash deposits from time to time exceed federally insured limits. The Company has not experienced any losses on its cash deposits in the past. 						
						Financial instruments which potentially subject the Company to a concentration of credit risk consist principally of accounts receivable. The Company generally does not require collateral for its trade accounts receivable. One United States customer accounted for 30% or $143,761 of Stinar’s accounts receivable at June 30, 2016. Additionally, the U.S. Government accounted for approximately 30% and 0% of Stinar’s accounts receivable at June 30, 2016 and 2015, respectively. 						
						 						
							Customers 							
						 						
						A significant portion of the Company's customers are concentrated in the aviation industry. 						
						Stinar’s net sales were concentrated as follows in 2016; international customers (1%), U.S. Government (7%) and North American are (92%). Stinar’s net sales were concentrated as follows in 2015: international customers (8%), U.S. Government (18%) and North American (74%) 						
						 						
							Accounts Receivable 							
						 						
						Accounts receivable are customer obligations generally due under normal trade terms for the industries served by the Company. The Company provides an allowance for doubtful accounts equal to estimated uncollectible amounts. The Company's estimate is based on historical collection experience and a review of the current status of accounts receivable. When management determines that it is probable that an account will not be collected, all or a portion of the amount is charged against the allowance for doubtful accounts. It is reasonably possible that the Company's estimate of the allowance for doubtful accounts will change. 						
						 						
							Inventories 							
						 						
						Finished goods, component parts and work-in-process inventories are stated at the lower of cost (first-in, first-out [FIFO]) or market. The Company reviews inventory on an annual basis and provides an inventory reserve for slow-moving, obsolete or unusable inventory, if necessary. As of June 30, 2016, the Company determined an obsolete inventory reserve of $150,000 to be necessary. The Company reserved $300,000 inventory reserve as of June 30, 2015. 						
						 						
							Property and Equipment 							
						 						
						Property and equipment are carried at cost. Depreciation is computed using the straight-line method over the estimated useful lives of the related assets and are generally depreciated over a 3 to 15 year period. When assets are retired or otherwise disposed of, the cost and related accumulated depreciation are removed from the accounts and any resulting gain or loss is recognized in income for the period. The cost of maintenance and repairs is charged to operations as incurred and significant renewals and betterments are capitalized. 						
						 						
							Debt Issuance Costs 							 						 - Debt issuance costs are carried at cost and amortized using the straight-line method over the term of the related debt. Amortization of these debt costs, recognized and reported as interest expense for the years ended June 30, 2016 and 2015, was $15,878 and $15,329, respectively. 						
						 						
							Long-lived Assets 							
						 						
						The Company periodically evaluates the carrying value of long-lived assets to be held and used, including but not limited to, capital assets, when events and circumstances warrant such a review. The carrying value of a long-lived asset is considered impaired when the anticipated undiscounted cash flow from such asset is less than its carrying value. In that event, a loss is recognized based on the amount by which the carrying value exceeds the fair value of the long-lived asset. Fair value is determined primarily using the anticipated cash flows discounted at a rate commensurate with the risk involved. Losses on long-lived assets to be disposed of are determined in a similar manner, except that fair values are reduced for the cost to dispose. 						
						 						
							Product Warranty Liability 							
						 						
						The Company’s warrants its products against certain defects based on contract terms. Generally, warranty periods are 14 months for equipment and 1 year for manufactured parts. The Company has recourse provisions for certain items that would enable recovery from third parties for amounts paid under the warranties. At June 30, 2016 and 2015, the Company's estimated product warranty liability based on historical activity was $0 and $15,000, respectively. 						
						 						
							Revenue Recognition 							
						 						
						In May 2014, the Financial Standards Accounting Board (FASB) issued Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers (ASU 2014-09), which supersedes nearly all existing revenue recognition guidance under United States Generally Accepted Accounting Procedures (GAAP). The core principles of ASU 2014-09 is to recognize revenues when promised goods or services are transferred to customers in an amount that reflects the consideration to which an entity expects to be entitled for those goods or services. ASU 2014-09 defines a five step process to achieve this core principle and, in doing so more judgment and estimates may be required within the revenue recognition process than are required under existing GAAP. The standard is effective for annual periods beginning after December 15, 2016 and interim periods therein, using either of the following transition methods: (i) a full retrospective approach reflecting the application of the standard in each prior reporting period with the option to elect certain practical expedients, or (ii) a retrospective approach with the cumulative effect of initially adopting ASU 2014-09 recognized at the date of adoption ( which includes additional footnote disclosures). We are currently evaluating the impact of our pending adoption of ASU 2014-09 on our consolidated financial statements and have not yet determined the method by which we will adopt the standard in 2017. The Company currently plans to adopt the standard using the “modified retrospective method”, Under that method, we will apply the rules to all contracts existing as of January 1, 2018, recognizing in the beginning retained earnings an adjustment for the cumulative effect of the change and providing additional disclosure comparing results to previous accounting standards. Upon initial evaluation, we believe the requirements of this standard will not result in a significant change to our results. 						
						 						
							Aviation Ground Support Equipment 							
						 						
						Revenue is recognized when all significant contractual obligations have been satisfied and collection of the resulting receivable is reasonably assured. 						
						 						
							Shipping and Handling Costs 							
						 						
						All shipping and handling revenue is included in revenue. All direct costs to ship the products to customers are classified as cost of goods sold. 						
						 						
							Income Taxes 							
						 						
						Income taxes are provided for the tax effects of transactions reported in the consolidated financial statements and consist of taxes currently due plus deferred income taxes. The significant temporary differences relate to research and development credit carry forwards, operating loss carry forwards, depreciation, inventories and certain accruals. Deferred income tax assets and liabilities represent the future tax return consequences of those differences, which will either be taxable or deductible when the assets and liabilities are recovered or settled. Deferred tax assets are reduced through the establishment of a valuation allowance at the time, based upon available evidence, it becomes more likely than not that the deferred tax assets will not be realized. 						
						The Company recognizes the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the consolidated financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate resolution. Management also assesses whether uncertain tax positions, as filed, could result in the recognition of a liability for possible interest and penalties. The Company's policy is to include interest and penalties related to unrecognized tax benefits as a component of income tax expense. The Company has not identified any material uncertain tax positions as of June 30, 2016 and 2015. 						
						The Company files consolidated income tax returns in the U.S. federal jurisdiction and various state jurisdictions. The Company's tax years dating back to 2002 remain open to examination due to unexpired net operating loss carry forwards originating in and subsequent to that year. 						
						In October 2016, the Company filed tax year 2014 Federal Corporate Tax and Minnesota State Franchise Tax returns. As of June 30, 2016, the Company still owes $242,750 Minnesota State Franchise taxes plus interest. 						
						 						
							Environmental Costs 							
						 						
						Environmental expenditures that pertain to current operations or relate to future revenue are expensed or capitalized consistent with the Company's capitalization policy. Expenditures that result from the remediation of an existing condition caused by past operations that do not contribute to current or future revenue are expensed. Liabilities are recognized for remedial activities when the clean-up is probable and the cost can be reasonably estimated. 						
						As requested by Kruckeberg Industries, LLC, from January 2016 to March 2016, Landmark Environmental, LLC conducted a Phase I Environmental test and a Supplemental Phase II Environmental test and revealed that areas of buried debris and impacted soils should be excavated and transported off-site for disposal to allow for future redevelopment of the Property. The quote for excavation is around $76,000. The Company is planning to do the excavation in 2017. 						
						 						
							Advertising Costs 							
						 						
						Advertising costs are expensed as incurred. 						
						 						
							Research and Development Costs 							
						 						
						Research and development costs in the product development process are expensed as incurred. Research and development costs consist primarily of engineering and material costs relating to design and prototype development activities. 						
						 						
							Basic and Diluted Net Earnings per Share 							
						 						
						Basic net earnings (loss) per common share is computed by dividing net earnings (loss) applicable to common stockholders by the weighted-average number of common shares outstanding during the period. Diluted net earnings (loss) per common share is determined using the weighted-average number of common shares outstanding during the period, adjusted for the dilutive effect of common stock equivalents, consisting of shares that might be issued upon the conversion of subordinated debentures and adjusting the net earnings (loss) applicable to common stockholders resulting from the assumed conversions. In periods where losses are reported, the weighted-average number of common shares outstanding excludes common stock equivalents, because their inclusion would be anti-dilutive. 						
						 						
							Recent Accounting Pronouncements 							
						 						
						(a) Revenue Recognition 						
						In August 2015, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2015-14, "Revenue Recognition - Revenue from Contracts with Customers," which extended the effective date of a comprehensive revenue recognition standard that will supersede nearly all existing revenue recognition guidance under U.S. GAAP. The new standard will now be effective for interim and annual periods beginning after December 15, 2017, and either full retrospective adoption or modified retrospective adoption is permitted. The Company is evaluating the impact of this standard. 						
						 						
						(b) Leases 						
						In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842 ” (“ASU 2016-02”), which requires lessees to put most leases on their balance sheets but recognize the expenses on their income statements in a manner similar to current practice. The standard states that a lessee would recognize a lease liability for the obligation to make lease payments and a right-to-use asset for the right to use the underlying asset for the lease term. The standard is effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2018. Early adoption is permitted. We are currently evaluating the timing of our adoption and the impact that the updated standard will have on our consolidated financial statements. 						
						 						
						 (c ) Inventory 						
						 						
						In July 2015, the FASB issued ASU No. 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory, requiring that inventory be measured at the lower of cost and net realizable value. Net realizable value is defined as estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. This ASU is effective within annual periods beginning on or after December 15, 2016, including interim periods within that reporting period. We are currently evaluating the impact this guidance may have on our consolidated financial statements. 						
						 						
						(d) Income Taxes 						
						 						
						In November 2015, the FASB issued ASU 2015-17, “Income Taxes (Topic 740)” providing guidance on the balance sheet classification of deferred taxes. The guidance effective for fiscal years beginning after December 15, 2016 and for interim periods within those fiscal years, with early adoption permitted. We are currently evaluating the impact this guidance may have on our consolidated financial statements. 						
						 						
						(e) Statement of Cash Flows 						
						 						
						During August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments, to address diversity in how certain cash receipts and cash payments are presented and classified in the statements of cash flows. The amendments are effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. The amendments should be applied using a retrospective transition method to each period presented. If retrospective application is impractical for some of the issues addressed by the update, the amendments for those issues would be applied prospectively. Early adoption is permitted, including adoption in an interim period. The Company does not expect the adoption of ASU 2016-15 to have a material impact on our consolidated financial statements. 						
				 				
							3. 							
							 							
								Inventories 								
						 						
						Production inventories consisted of the following at June 30: 						
						 						
							4. 							
							 							
								Property and Equipment 								
						 						
						Property and equipment, at cost consisted of the following at June 30: 						
						 Depreciation charged to operations was $ 							74,486 						in 2016 and $ 							81,668 						in 2015. 						
						 						
							5. 							
							 							
								Accrued Liabilities 								
						 						
						Accrued liabilities consisted of the following at June 30: 						
							6. 							
							 							
								Debt 								
						 						
							 Due to Finance Company 							
						 						
						A finance company finances a subsidiary's inventory chassis purchases, which are used in the production of aviation ground support equipment. At June 30, 2016, and 2015, $ 							82,905 						and $ 							297,188 						was outstanding with interest ranging from 							4.67 							% to 							8.25 							%, beginning 90 days after purchase. Principal payments on chassis purchases are due in full, six months after purchase. The financing is secured by chassis inventory and personally guaranteed by the assets of the chief executive officer/key stockholder. 						
						 						
						 							 							Long 							
							-Term Debt 							
						 						
						Future maturities of long-term debt are as follows at June 30, 2016: 						
						 						
						 						
							 Loan Covenants 							
						The Company’s credit agreements with its bank contain certain annual covenants, which were not met at June 30, 2013 and 2014, but which were subsequently waived by the bank. The covenants for June 2015 and 2016 were not met and were not waived by the bank. However, due to the passage of time the notes have not been reclassified as due on demand as of June 30, 2016. The next covenant calculation date will be June 30, 2017. 						
				 				
							7. 							
							 							
								Income Taxes 								
						 						
						The Company has federal and state net operating loss carryforwards of approximately $ 							2,325,000 						and $ 							1,604,360 							, respectively. Net operating loss carry forwards expires beginning in 2028. Tax credit carryforwards expires beginning in 2018. 						
						Deferred income tax balances reflect the effects of temporary differences between the carrying amounts of assets and liabilities and their tax bases, as well as from net operating loss and tax credit carry forwards, and are stated at enacted tax rates expected to be in effect when taxes are actually paid or recovered. We evaluate the recoverability of these future tax deductions and credits by assessing the adequacy of future expected taxable income from all sources, including reversal of taxable temporary differences, forecasted operating earnings and available tax planning strategies. To the extent we do not consider it more likely than not that a deferred tax asset will be recovered, a valuation allowance is established. The Company has determined that a valuation allowance of $ 							797,000 						and $ 							590,000 							, related to deferred tax assets is necessary at June 30, 2016 and June 30, 2015. 						
				 				
							8. 							
							 							
								Other Related Party Transactions 								
						 						
						Total amounts, including amounts from prior periods, owed to a related entity for tax compliance services aggregated $ 							42,126 						and $ 							42,126 						as of June 30, 2016, and 2015, respectively, and was included in trade accounts payable on the accompanying balance sheets. The Company has a month-to-month operating lease for its corporate offices from one of the officers. Total rent expense for this lease was $ 							6,000 						in 2016 and $ 							12,000 						in 2015. Total amounts owed on this lease were $ 							6,000 						and $ 							6,000 						as of June 30, 2016 and 2015, respectively and is included in trade accounts payable on the accompanying balance sheets. The Company has a short term payable of $ 							90,062 						to a related entity that is expected to be applied to future charges. The liability owed to the related party will be paid by future buyers. 						
				 				
							 						. 							
								Stock Options 								
						 						
						On September 1, 1998, the Board of Directors approved a Stock Incentive Awards Plan to attract and retain individuals to contribute to the achievement of the Company's economic objectives. Under the Plan, individuals are eligible based on the judgment of a committee of Board members (committee). At the discretion of the committee, eligible recipients may be granted options to purchase shares of the Company's common stock at an exercise price per share equal to the market price at the grant date. The stock options are exercisable at such times and in such installments as determined by the committee, limited to a maximum of ten years from the date of the grant. The Plan has authorized the issuance of 175,000 shares of common stock under the Plan, there were no grants for shares issued in 2016 and 2015, and as of June 30, 2016, 175,000 shares were available for future grants. There are no outstanding options at June 30, 2016 and for the years ended June 30, 2016 and 2015 there was no stock option expense. 						
				 				
							 						. 							
								Earnings per Share of Common Stock 								
						 						
						The following table reconciles the net income and shares of the basic and diluted earnings per share computations: 						
						 						
						 						
							11. 							
								Subsequent Event 								
						 						
						On February 24, 2017, Stinar Corporation signed a line of credit agreement with Kruckeberg Industries, LLC in amount of $100,000.00. The Mature Date of this line of credit will be March 1, 2018, with interest rate of 9%.