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Statements of Cash Flows - USD ($)
12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows from Operating Activities:    
Net (loss) income $ 1,265,127 $ (181,543)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Stock-based compensation 176,696 133,663
Depreciation 494,635 519,813
ESOP compensation expense 325,067 353,897
Gain on disposal of assets (119)
Loss on inventory reduction due to contract cancellation 710,207
Deferred income tax expense (benefit) 9,271 (64,396)
Changes in assets and liabilities:    
(Increase) decrease in trade accounts receivables (379,393) 3,659,624
Decrease (increase) in income tax receivable 249,602 (249,602)
Decrease (increase) in inventories 231,443 (4,714,044)
Increase in prepaid expenses and other current assets (292,477) (303,411)
Decrease in accounts payable (638,996) (143,523)
Increase in accrued salaries and wages 151,520 6,466
Decrease in vacation accrual (6,231) (17,223)
Increase (decrease) in other accrued expenses 626,540 (192,308)
(Decrease) increase in payroll and other taxes withheld (354,589) 222,911
Increase in contract liabilities 306,869 902,370
Increase (decrease) in income taxes payable 54,722 (47,905)
Net cash provided by operating activities 2,219,687 594,996
Cash Flows from Investing Activities:    
Additions to property, plant and equipment (303,561) (43,554)
Proceeds from sale of fixed assets 2,000
Purchase of investment securities (4,237,778) (5,436,056)
Proceeds from sale/maturity of investment securities 3,621,000 7,486,520
Net cash provided by investing activities (918,339) 2,006,910
Cash Flows from Financing Activities:    
Dividends paid on common stock (1,201,316)
Net cash used in financing activities (1,201,316)
Increase in cash and cash equivalents 1,301,348 1,400,590
Cash and cash equivalents, beginning of the year 6,802,712 5,402,122
Cash and cash equivalents, end of the year 8,104,060 6,802,712
Supplemental Schedule of Cash Flow Information:    
Income taxes paid net of refunds $ 14,365 $ 175,250