Balance Sheets - USD ($)	Sep. 30, 2016	Jun. 30, 2016
ASSETS:
Cash and cash equivalents	$ 8,570,213	$ 10,031,644
Investment securities	8,713,709	5,580,059
Trade accounts receivable, net of allowance of $3,000	3,891,177	4,957,464
Income taxes receivable	283,523	329,298
Inventories:
Raw materials	1,342,328	1,418,862
Work-in-process	711,164	504,674
Costs related to contracts in process, net of advance payments of $18,313 at September 30, 2016 and June 30, 2016	8,283,688	8,810,145
Total inventories	10,337,180	10,733,681
Deferred tax assets	239,898	252,558
Prepaid expenses and other current assets	202,367	219,688
Total current assets	32,238,067	32,104,392
Property, plant and equipment, net	2,396,124	2,348,525
Total assets	34,634,191	34,452,917
LIABILITIES AND STOCKHOLDERS' EQUITY:
Accounts payable	876,438	552,787
Accrued expenses:
Salaries and wages	352,642	357,910
Vacation	667,392	704,761
ESOP payable	93,292
Other	137,641	196,631
Payroll and other taxes withheld	48,119	49,353
Total current liabilities	2,175,524	1,861,442
Deferred tax liabilities	202,711	203,237
Total liabilities	2,378,235	2,064,679
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 as of September 30, 2016 and June 30, 2016. Outstanding 2,364,684 as of September 30, 2016 and June 30, 2016 (includes 57,500 and 61,667 Unearned ESOP shares, respectively)	1,009,958	1,009,958
Capital in excess of par value	17,276,405	17,253,072
Accumulated other comprehensive loss	(2,094)	(1,408)
Retained earnings	22,666,009	22,820,938
Total stockholders equity before ESOP	40,950,278	41,082,560
Less: Unearned ESOP shares	(891,083)	(891,083)
Cost of 665,190 shares of common stock in treasury as of September 30, 2016 and June 30, 2016	(7,803,239)	(7,803,239)
Total stockholders' equity	32,255,956	32,388,238
Total liabilities and stockholders' equity	$ 34,634,191	$ 34,452,917