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Statements of Cash Flows - USD ($)
9 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash Flows from Operating Activities:    
Net income $ 944,076 $ 2,465,425
Adjustments to reconcile net income to net cash provided by operating activities:    
Excess tax benefits from share-based compensation (9,070) (15,021)
Stock-based compensation 93,293 74,533
Depreciation 323,710 324,745
ESOP compensation expense 320,835 334,031
Loss on disposal of assets 147
Deferred income tax expense 50,146 55,656
Changes in assets and liabilities:    
Decrease in trade receivable, net 1,583,208 1,841,984
Decrease (increase) income taxes receivable 107,615 (172,459)
Decrease in inventories, net 1,891,249 185,130
Increase in prepaid expenses and other current assets (123,758) (48,825)
Increase (decrease) in accounts payable 82,715 (303,595)
Decrease in accrued salaries and wages (258,947) (26,110)
Increase in vacation accrual 16,874 42,273
Decrease in ESOP payable (46,250) (79,166)
Decrease in other accrued expenses (40,020) (247,038)
(Decrease) increase in payroll and other taxes withheld (2,531) 3,773
Increase in income taxes payable 12,305
Net cash provided by operating activities 4,933,145 4,447,788
Cash Flows from Investing Activities:    
Additions to property, plant and equipment (331,686) (140,340)
Purchase of investment securities (7,606,900) (3,575,584)
Proceeds from sale/maturity of investment securities 3,974,224 2,343,942
Net cash used in investing activities (3,964,362) (1,371,982)
Cash Flows from Financing Activities:    
Dividends on common stock (1,730,031) (2,279,895)
Purchase of treasury stock (44,335) (355,418)
Proceeds from exercise of stock options 150,917 232,882
Excess tax benefits from share-based compensation 9,070 15,021
Net cash used in financing activities (1,614,379) (2,387,410)
(Decrease) increase in cash and cash equivalents (645,596) 688,396
Cash and cash equivalents, beginning of period 10,031,644 8,859,405
Cash and cash equivalents, end of period 9,386,048 9,547,801
Supplemental Schedule of Cash Flow Information:    
Income taxes paid $ 228,000 $ 1,143,000