Contracts in Process

12 Months Ended

Jun. 30, 2012

Contractors [Abstract]

Contracts in Process

Note 4. Contracts in Process

Contracts in process at June 30, 2012 and 2011 are as follows:

		2012		2011
Gross contract value	$	50,839,601	$	38,655,707
Costs related to contracts in process, net of progress payments
of $511,502 in fiscal 2012 and $126,361in fiscal 2011		9,480,595		8,220,200

Included in costs relating to contracts in process at June 30, 2012 and 2011 are costs of $2,925,245 and $779,568, respectively, relative to contracts that may not be completed within the ensuing year. Under the units-of-delivery method, the related sale and cost of sales will not be reflected in the statement of income until the units under contract are shipped.