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CONDENSED BALANCE SHEETS (USD $)
Jun. 30, 2013
Jun. 30, 2012
ASSETS    
Cash and cash equivalents $ 321,020 $ 328,313
Accounts receivable 795,850 1,244,462
Inventories 1,221,944 781,037
Contract costs and related estimated profits in excess of billings 699,343 927,078
Prepaid expenses and other current assets 86,664 69,502
TOTAL CURRENT ASSETS 3,124,821 3,350,392
PLANT, PROPERTY AND EQUIPMENT:    
Land and improvements 651,015 651,015
Building and improvements 1,948,165 1,948,165
Machinery and equipment 3,272,541 3,248,760
Furniture and fixtures 263,030 263,030
Property, Plant And Equipment, gross 6,134,751 6,110,970
Less accumulated depreciation (5,255,646) (5,191,705)
Property, Plant And Equipment, net 879,105 919,265
DEFERRED COSTS 65,095 65,095
TOTAL ASSETS 4,069,021 4,334,752
LIABILITIES AND STOCKHOLDERS' EQUITY:    
Notes payable - Current portion 14,822 289,822
Trade accounts payable 76,508 407,994
Accrued expenses and other liabilities 409,883 216,491
Accrued compensation and benefits payable 191,280 220,575
Accrued pension costs 154,960 65,792
TOTAL CURRENT LIABILITIES 847,453 1,200,674
LONG-TERM PORTION OF NOTE PAYABLE 2,470 17,292
LONG-TERM PENSION LIABILITY 714,986 1,013,706
TOTAL LIABILITIES 1,564,909 2,231,672
STOCKHOLDERS' EQUITY:    
Preferred stock, par value $1.00; authorized 250,000 shares, issued and outstanding - none 0 0
Common stock, par value $.01; authorized 3,000,000 shares; 1,693,397 shares issued and1,362,031 shares outstanding at June 30, 2013 and 2012 16,934 16,934
Additional paid-in capital 2,882,842 2,880,571
Retained earnings 647,588 547,546
Accumulated other comprehensive loss (556,224) (854,943)
Stockholders Equity before treasury stock 2,991,140 2,590,108
Less: Treasury stock, 331,366 shares at June 30, 2013 and 2012, at cost (487,028) (487,028)
TOTAL STOCKHOLDERS' EQUITY 2,504,112 2,103,080
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 4,069,021 $ 4,334,752