XML 16 R5.htm IDEA: XBRL DOCUMENT v3.6.0.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jan. 01, 2017
Jul. 03, 2016
CURRENT ASSETS:    
Cash and cash equivalents $ 1,368,279 $ 986,193
Short-term investments 486,306 484,558
Inventories 553,952 561,217
Prepaid expenses and other 423,551 664,379
Income taxes refundable 44,960
TOTAL CURRENT ASSETS 2,877,048 2,696,347
LAND, BUILDINGS & EQUIPMENT    
Land, buildings, and equipment, net of accumulated depreciation of $41,268,477 and $40,987,543 19,126,593 19,523,856
OTHER ASSETS:    
Marketable securities 8,719,110 8,824,456
Cash surrender value-life insurance 740,161 740,161
Other 66,315 66,315
TOTAL OTHER ASSETS 9,525,586 9,630,932
TOTAL ASSETS 31,529,227 31,851,135
CURRENT LIABILITIES:    
Accounts payable 508,094 660,711
Accrued expenses 644,325 1,193,463
Dividends payable 877,365 877,365
Income taxes payable 207,840
Short-term note payable 500,000
Other current liabilities 1,622,391 325,982
Current deferred income taxes 27,850 27,850
TOTAL CURRENT LIABILITIES 4,180,025 3,293,211
LONG-TERM DEFERRED COMPENSATION 23,620 23,620
NONCURRENT DEFERRED INCOME TAXES 2,328,173 2,384,962
TOTAL LIABILITIES 6,531,818 5,701,793
COMMITMENTS AND CONTINGENCIES[converted]
STOCKHOLDERS' EQUITY    
Preferred stock, par value $10 a share: Authorized and unissued, 2,000,000 shares
Additional paid-in capital 7,854,108 7,854,108
Unrealized gain on available-for-sale securities, net of tax 2,894,198 2,986,587
Retained earnings 13,733,006 14,792,550
TOTAL STOCKHOLDERS' EQUITY 24,997,409 26,149,342
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 31,529,227 31,851,135
Common Class A [Member]    
STOCKHOLDERS' EQUITY    
Common Stock 374,645 374,645
Common Class B [Member]    
STOCKHOLDERS' EQUITY    
Common Stock $ 141,452 $ 141,452