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Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows from Operating Activities:    
Net income $ 1,201,886 $ 2,375,399
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Bad debt expense 69,010
Stock-based compensation 124,972 86,675
Depreciation 397,965 318,076
ESOP compensation expense 297,670 279,502
Deferred income tax expense 137,035 19,707
Changes in assets and liabilities:    
Increase in trade receivable, net (3,642,605) (195,828)
Decrease (increase) in income taxes receivable 35,956 (27,923)
Increase in inventories, net (3,539,511) (622,344)
Decrease (increase) in prepaid expenses and other current assets 924,361 (549,141)
Increase (decrease) in accounts payable 115,902 (750,220)
(Decrease) increase in accrued salaries and wages (236,821) 219,168
Increase in vacation accrual 75,501 68,463
Decrease in ESOP payable (51,041) (33,750)
Increase (decrease) in other accrued expenses 39,234 (86,865)
Increase in payroll and other taxes withheld 8,219 11,490
Decrease in contract liabilities (81,989)
Net cash (used in) provided by operating activities (4,124,256) 1,112,409
Cash Flows from Investing Activities:    
Additions to property, plant and equipment (538,550) (632,023)
Purchase of investment securities (3,891,435) (10,101,613)
Proceeds from sale/maturity of investment securities 9,581,630 8,121,986
Net cash provided by (used in) investing activities 5,151,645 (2,611,650)
Cash Flows from Financing Activities:    
Dividends on common stock (4,144,075) (1,744,062)
Purchase of treasury stock (109,694)
Proceeds from exercise of stock options 306,081 201,586
Net cash used in financing activities (3,837,994) (1,652,170)
Decrease in cash and cash equivalents (2,810,605) (3,151,411)
Cash and cash equivalents, beginning of period 4,298,796 10,058,163
Cash and cash equivalents, end of period 1,488,191 6,906,752
Supplemental Schedule of Cash Flow Information:    
Income taxes paid $ 80,000 $ 810,000