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Statements of Cash Flows - USD ($)
12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash Flows from Operating Activities:    
Net income $ 2,342,694 $ 3,075,797
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Bad debt expense 69,010
Stock-based compensation 172,148 123,112
Depreciation 540,978 429,679
ESOP compensation expense 390,369 387,882
Loss on disposal of assets 566
Deferred income tax expense 258,040 115,075
Changes in assets and liabilities:    
Increase in trade receivables, net (6,687,067) (978,113)
Decrease (increase) in income tax receivable 161,975 (41,796)
Increase in inventories, net (1,816,211) (363,611)
Decrease (increase) in prepaid expenses and other current assets 798,394 (1,065,269)
Increase (decrease) in accounts payable 337,836 (427,518)
(Decrease) increase in accrued salaries and wages (199,115) 356,960
Increase in vacation accrual 79,258 51,413
Increase (decrease) in other accrued expenses 5,092 (145,620)
Increase in payroll and other taxes withheld 8,016 6,496
Decrease in contract liabilities (96,870) (1,263,580)
Increase in income taxes payable 30,481
Net cash (used in) provided by operating activities (3,604,406) 260,907
Cash Flows from Investing Activities:    
Additions to property, plant and equipment (608,318) (1,923,220)
Purchase of investment securities (6,039,808) (11,199,339)
Proceeds from sale/maturity of investment securities 11,882,666 9,102,457
Net cash provided by (used in) investing activities 5,234,540 (4,020,102)
Cash Flows from Financing Activities:    
Dividends paid on common stock (4,736,962) (2,329,593)
Purchase of treasury stock (44,888) (109,694)
Proceeds from exercise of stock options 315,681 439,115
Net cash used in financing activities (4,466,169) (2,000,172)
Decrease in cash and cash equivalents (2,836,035) (5,759,367)
Cash and cash equivalents, beginning of the year 4,298,796 10,058,163
Cash and cash equivalents, end of the year 1,462,761 4,298,796
Supplemental Schedule of Cash Flow Information:    
Income taxes paid $ 87,200 $ 920,000