Balance Sheets - USD ($)	Jun. 30, 2015	Jun. 30, 2014
ASSETS
Cash and cash equivalents	$ 8,859,405	$ 9,556,891
Investment securities	4,159,057	4,910,893
Trade accounts receivable, net	$ 6,694,401	3,194,678
Income tax receivable		943,234
Inventories:
Raw materials	$ 1,481,792	1,616,990
Work-in-process	561,682	792,618
Costs related to contracts in process, net of progress payments of $19,626 and $142,616 as of June 30, 2015 and 2014, respectively	9,542,423	8,201,642
Total inventories	11,585,897	10,611,250
Deferred tax asset	334,681	324,823
Prepaid expenses and other current assets	211,940	177,776
Total current assets	31,845,381	29,719,545
Property, plant and equipment, net	2,498,863	2,678,901
Total assets	34,344,244	32,398,446
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable	976,112	727,281
Accrued expenses:
Salaries and wages	332,387	413,989
Vacation	690,833	$ 693,286
Dividends payable	590,672
Other	548,817	$ 579,953
Payroll and other taxes withheld and accrued	47,082	$ 53,553
Income taxes payable	2,716
Total current liabilities	3,188,619	$ 2,468,062
Deferred tax liability	224,751	283,439
Total liabilities	3,413,370	2,751,501
Common stock, par value $.33-1/3 per share Authorized 10,000,000 shares; Issued 3,029,874 shares as of June 30, 2015 and 2014. Outstanding 2,362,687 and 2,368,110 as of June 30, 2015 and 2014, respectively (includes 79,167 and 97,500 Unearned ESOP Shares, respectively)	1,009,958	1,009,958
Capital in excess of par value	16,785,604	16,429,220
Accumulated other comprehensive (loss) income	(4,386)	(1,437)
Retained earnings	21,865,951	20,946,940
Total stockholders equity before ESOP and treasury stock	39,657,127	38,384,681
Less: Unearned ESOP shares	(1,143,957)	(1,408,872)
Cost of 667,187 and 661,764 shares of common stock in treasury as of June 30, 2015 and 2014, respectively	(7,582,296)	(7,328,864)
Total stockholders' equity	30,930,874	29,646,945
Total liabilities and stockholders' equity	$ 34,344,244	$ 32,398,446