Balance Sheets - USD ($)	Mar. 31, 2016	Jun. 30, 2015
ASSETS:
Cash and cash equivalents	$ 9,547,801	$ 8,859,405
Investment securities	5,393,116	4,159,057
Trade accounts receivable, net of allowance of $3,000	4,852,417	$ 6,694,401
Income taxes receivable	172,459
Inventories:
Raw materials	1,369,959	$ 1,481,792
Work-in-process	638,271	561,682
Costs relating to contracts in process, net of advance payments of $18,313 at March 31, 2016 and $19,626 at June 30, 2015	9,392,537	9,542,423
Total inventories	11,400,767	11,585,897
Deferred income taxes	214,534	334,681
Prepaid expenses and other current assets	260,765	211,940
Total current assets	31,841,859	31,845,381
Property, plant and equipment, net	2,314,311	2,498,863
Total assets	34,156,170	34,344,244
LIABILITIES AND STOCKHOLDERS' EQUITY:
Accounts payable	672,517	976,112
Accrued expenses:
Salaries and wages	306,277	332,387
Vacation	733,106	$ 690,833
ESOP payable	$ 254,865
Dividend payable		$ 590,672
Other	$ 301,779	548,817
Payroll and other taxes withheld	$ 50,855	47,082
Income taxes payable		2,716
Total current liabilities	$ 2,319,399	3,188,619
Deferred tax liability	157,444	224,751
Total liabilities	$ 2,476,843	$ 3,413,370
Commitments and contingencies (see Note 5)
Common stock, par value $.33-1/3 per share. Authorized 10,000,000 shares; Issued 3,029,874 shares on March 31, 2016 and June 30, 2015. Outstanding 2,361,084 and 2,362,687 on March 31, 2016 and June 30, 2015, respectively (includes 66,042 and 79,167 Unearned ESOP shares, respectively)	$ 1,009,958	$ 1,009,958
Capital in excess of par value	17,003,266	16,785,604
Accumulated other comprehensive (income) loss	845	(4,386)
Retained earnings	22,642,154	21,865,951
Total stockholders equity before ESOP	40,656,223	39,657,127
Less: Unearned ESOP shares	(1,143,957)	(1,143,957)
Treasury shares, cost of 668,790 and 667,187 shares on March 31, 2016 and June 30, 2015, respectively	(7,832,939)	(7,582,296)
Total stockholders' equity	31,679,327	30,930,874
Total liabilities and stockholders' equity	$ 34,156,170	$ 34,344,244