7. Pension Plan (Tables)

12 Months Ended

Jun. 30, 2013

Pension Plan Tables

Changes in the benefit obligation and Plan assets and the funded status of the Company's pension plan

	2013			2012
Change in benefit obligation:
Benefit obligation at beginning of year	$	2,617,579		$	1,997,461
Service cost		67,443			56,779
Interest cost		96,512			103,211
Actuarial (gain)/loss		(185,734	)		495,042
Benefits paid plus administrative expenses		(42,911	)		(34,914	)
Benefit obligation at end of year	$	2,552,889		$	2,617,579
Change in plan assets:
Fair value of plan assets at beginning of Year	$	1,538,081		$	1,418,515
Actual return on plan assets		63,811			54,404
Employer contributions		123,962			100,076
Benefits paid plus administrative expenses		(42,911	)		(34,914	)
Fair value of plan assets at end of year	$	1,682,943		$	1,538,081
Funded status		(869,946	)		(1,079,498	)
Unrecognized net loss		714,986			1,013,706
Accrued pension expense	$	(154,960	)	$	(65,792	)

Measurement Date	July 1, 2013			July 1, 2012
Weighted Average Assumptions
Discount rate		4.50	%		3.75	%
Expected long-term rate of return on assets		5.25	%		5.25	%
Rate of increase in future compensation levels		3.00	%		3.00	%

Accrued pension cost amounts reflected in the Company's Balance Sheet

	June 30, 2013			June 30, 2012
Total accrued pension liability	$	(869,946	)	$	(1,079,498	)
Accumulated other comprehensive loss, pre-tax		714,986			1,013,706
Net amount recognized	$	(154,960	)	$	(65,792	)

Other changes in Plan assets and benefit obligations recognized in the Other Comprehensive Loss

	June 30, 2013			June 30, 2012
Change in net loss /(gain)	$	(167,490	)	$	516,258
Amortization of net loss		(131,230	)		(36,173	)
	$	(298,720	)	$	480,085

Accumulated Other Comprehensive Loss recognized in net benefit cost

	June 30, 2013		June 30, 2012
Unrecognized Net Loss	$	714,986	$	1,013,706

Schedule of Periodic Pension Cost

	2013			2012
Service cost-benefits earned during the period	$	67,443		$	56,779
Interest cost on projected benefit obligation		96,512			103,211
Expected return on plan assets		(82,055	)		(75,620	)
Amortization of actuarial loss		131,230			36,173
Net periodic pension cost	$	213,130		$	120,543

Weighted Average Assumptions for Net Periodic Pension Expense

	2013			2012
Discount Rate		3.75	%		5.25	%
Expected Long-term Rate of Return on Assets		5.25	%		5.25	%
Rate of Increase in Future Compensation Levels		3.00	%		3.00	%

Retirement Plan for Employees of Dewey Electronics Corporation's weighted average asset allocations

	2013			2012
Asset Category
Fixed Funds with Guaranteed Interest Rates		100	%		100	%
Total		100	%		100	%

Changes of fair value of the Retirement Plan's Level 3 assets

	All Fixed Funds
Balance, June 30, 2012	$	1,538,081
Actual return on plan assets:
On assets still held at the reporting date		62,079
On assets sold during the period		1,732
Purchases and sales		81,051
Transfers in and/or out of Level 3		--
Balance June 30, 2013	$	1,682,943

Expected future payments

2014	$	93,000
2015	$	101,000
2016	$	110,000
2017	$	122,000
2018	$	143,000
Five years thereafter	$	826,000