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Balance Sheets (Unaudited) (USD $)
Sep. 30, 2013
Jun. 30, 2013
ASSETS    
Cash and cash equivalents $ 11,607,437 $ 9,888,628
Investment securities 3,891,856 3,892,968
Trade accounts receivable, net 5,120,197 7,204,226
Income tax receivable 310,697   
Inventories:    
Raw materials 1,683,803 1,607,112
Work-in-process 850,852 607,165
Costs relating to contracts in process, net of advance payments of $146,916 at September 30, 2013 and June 30, 2013 9,057,303 9,159,493
Total inventories 11,591,958 11,373,770
Deferred income taxes 421,135 419,093
Prepaid expenses and other current assets 244,133 315,736
Total current assets 33,187,413 33,094,421
Property, plant and equipment, net 2,643,325 2,421,332
Loan receivable 14,450 25,194
Total assets 35,845,188 35,540,947
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 1,454,641 1,273,142
Accrued expenses:    
Salaries, wages and commissions 505,359 370,554
Vacation 696,209 748,040
ESOP payable 101,261   
Other 270,095 629,878
Payroll and other taxes withheld and accrued 57,024 50,891
Income taxes payable    430,463
Total current liabilities 3,084,589 3,502,968
Deferred tax liability 213,577 195,385
Total liabilities 3,298,166 3,698,353
Common stock, par value $.33-1/3 per share. Authorized 10,000,000 shares; Issued 3,029,874 shares on September 30, 2013 and June 30, 2013. Outstanding 2,353,260 and 2,344,690 on September 30, 2013 and June 30, 2013, respectively (includes 111,874 and 116,666 Unearned ESOP Shares) 1,009,958 1,009,958
Capital in excess of par value 15,923,855 15,780,009
Accumulated other comprehensive income 283 412
Retained earnings 24,750,130 24,260,121
[TotalStockholdersEquityBeforyEsopAndTreasuryStock] 41,684,226 41,050,500
Less: Unearned ESOP shares (1,685,827) (1,685,827)
Treasury shares, cost of 676,614 and 685,184 shares on September 30, 2013 and June 30, 2013, respectively (7,451,377) (7,522,079)
Total stockholders' equity 32,547,022 31,842,594
Total liabilities and stockholders' equity $ 35,845,188 $ 35,540,947