Balance Sheets - USD ($)	Jun. 30, 2022	Jun. 30, 2021
ASSETS
Cash and cash equivalents	$ 8,104,060	$ 6,802,712
Investment securities	3,708,779	3,092,000
Trade accounts receivable, net of allowance of $3,000	5,733,174	5,353,781
Income tax receivable		249,602
Inventories:
Raw materials	2,037,483	2,111,058
Work-in-process	315,547	326,198
Costs related to contracts in process	16,207,419	16,354,636
Total inventories	18,560,449	18,791,892
Prepaid expenses and other current assets	992,774	700,297
Total current assets	37,099,236	34,990,284
Property, plant and equipment, net	2,797,993	2,990,519
Total assets	39,897,229	37,980,803
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable	2,079,177	2,718,173
Accrued expenses:
Salaries and wages	627,187	475,667
Vacation	666,380	672,611
Other	752,554	126,014
Payroll and other taxes withheld	55,292	409,881
Contract liabilities	3,384,474	3,077,605
Income taxes payable	54,722
Total current liabilities	7,619,786	7,479,951
Deferred tax liabilities	177,829	168,557
Total liabilities	7,797,615	7,648,508
Commitments and Contingencies (See Note 14)
Common stock, par value $.33-1/3 per share Authorized 10,000,000 shares; Issued 3,129,874 shares as of June 30, 2022 and 2021. Outstanding 2,702,633 as of June 30, 2022 and 2021 (includes 256,293 and 279,429 Unearned ESOP Shares, respectively)	1,043,291	1,043,291
Capital in excess of par value	23,104,693	23,026,096
Accumulated other comprehensive loss	(1,932)	(2,361)
Retained earnings	18,679,857	17,414,730
Total stockholders equity before ESOP	42,825,909	41,481,756
Less: Unearned ESOP shares	(4,687,604)	(5,110,770)
Cost of 427,241 shares of common stock in treasury as of June 30, 2022 and 2021	(6,038,691)	(6,038,691)
Total stockholders' equity	32,099,614	30,332,295
Total liabilities and stockholders' equity	$ 39,897,229	$ 37,980,803