Contracts in Process

12 Months Ended

Jun. 30, 2017

Contractors [Abstract]

Contracts in Process

Note 4. Contracts in Process

Contracts in process at June 30, 2017 and 2016 are as follows:

	2017		2016
Gross contract value	$	43,140,921	$	39,061,415
Costs related to contracts in process, net of progress payments
of $1,366,504 and $18,313 at June 30, 2017 and 2016	$	7,863,538	$	8,810,145

Included in costs relating to contracts in process at June 30, 2017 and 2016 are costs of $1,635,661 and $3,944,035, respectively, relative to contracts that may not be completed within the ensuing year. Under the units-of-delivery method, the related sale and cost of sales will not be reflected in the statements of comprehensive income until the units under contract are shipped.