Balance Sheets - USD ($)	Sep. 30, 2015	Jun. 30, 2015
ASSETS:
Cash and cash equivalents	$ 10,427,547	$ 8,859,405
Investment securities	4,995,156	4,159,057
Trade accounts receivable, net of allowance of $3,000	4,119,344	6,694,401
Inventories:
Raw materials	1,508,670	1,481,792
Work-in-process	667,630	561,682
Costs relating to contracts in process, net of advance payments of $7,596 at September 30, 2015 and $19,626 at June 30, 2015	10,277,106	9,542,423
Total inventories	12,453,406	11,585,897
Deferred income taxes	296,433	334,681
Prepaid expenses and other current assets	251,666	211,940
Total current assets	32,543,552	31,845,381
Property, plant and equipment, net	2,394,407	2,498,863
Total assets	34,937,959	34,344,244
LIABILITIES AND STOCKHOLDERS' EQUITY:
Accounts payable	1,073,455	976,112
Accrued expenses:
Salaries and wages	287,199	332,387
Vacation	651,903	$ 690,833
ESOP payable	93,302
Dividend payable	590,872	$ 590,672
Other	402,665	548,817
Payroll and other taxes withheld and accrued	48,349	47,082
Income taxes payable	288,402	2,716
Total current liabilities	3,436,147	3,188,619
Deferred tax liability	202,334	224,751
Total liabilities	3,638,481	3,413,370
Common stock, par value $.33-1/3 per share. Authorized 10,000,000 shares; Issued 3,029,874 shares as of September 30, 2015 and June 30, 2015. Outstanding 2,363,487 as of September 30, 2015 and 2,362,687 as of June 30, 2015 (includes 74,792 and 79,167 Unearned ESOP shares, respectively)	1,009,958	1,009,958
Capital in excess of par value	16,838,379	16,785,604
Accumulated other comprehensive loss	(2,607)	(4,386)
Retained earnings	22,173,401	21,865,951
Total stockholders equity before ESOP	40,019,131	39,657,127
Less: Unearned ESOP shares	(1,143,957)	(1,143,957)
Treasury Shares, cost of 666,387 and 667,187 shares on September 30, 2015 and June 30, 2015, respectively	(7,575,696)	(7,582,296)
Total stockholders' equity	31,299,478	30,930,874
Total liabilities and stockholders' equity	$ 34,937,959	$ 34,344,244