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Contracts in Process
12 Months Ended
Jun. 30, 2021
Contractors [Abstract]  
Contracts in Process

Note 5. Contracts in Process

Contracts in process at June 30, 2021 and 2020 are as follows:

 

   2021   2020 
Unrecognized gross contract value  $65,647,715   $54,929,249 
Costs related to contracts in process  $16,354,636   $12,115,756 

 

Included in costs relating to contracts in process at June 30, 2021 and 2020 are costs relative to contracts that may not be completed within the ensuing year as contracts vary in size, scope and duration. 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.