XML 18 R7.htm IDEA: XBRL DOCUMENT v3.22.4
Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash Flows from Operating Activities:    
Net income $ 1,914,308 $ 327,262
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation 103,177 94,567
Depreciation 242,357 253,846
ESOP compensation expense 155,477 168,318
Deferred income tax benefit (7,889) (33,908)
Gain on disposal of assets (2,500)
Changes in assets and liabilities:    
Decrease in trade accounts receivable 1,123,730 465,382
Increase in income taxes receivable (3,041)
Increase in inventories (210,057) (537,319)
Increase in prepaid expenses and other current assets (1,168,686) (108,560)
Increase (decrease) in accounts payable 826,214 (132,999)
(Decrease) increase in accrued salaries and wages (226,885) 173,422
Increase (decrease) in vacation accrual 20,585 (16,319)
Decrease in other accrued expenses (217,945) (68,977)
Increase (decrease) in payroll and other taxes withheld 2,123 (130,957)
Increase (decrease) in contract liabilities 1,901,599 (172,859)
Increase in income taxes payable 227,842
Net cash provided by operating activities 4,683,450 277,858
Cash Flows from Investing Activities:    
Additions to property, plant and equipment (103,885) (97,288)
Proceeds from sale of fixed assets 2,500
Purchase of investment securities (8,515,017) (2,061,000)
Proceeds from sale/maturity of investment securities 2,157,334 2,096,000
Net cash used in investing activities (6,459,068) (62,288)
(Decrease) increase in cash and cash equivalents (1,775,618) 215,570
Cash and cash equivalents, beginning of period 8,104,060 6,802,712
Cash and cash equivalents, end of period 6,328,442 7,018,282
Supplemental Schedule of Cash Flow Information:    
Income taxes paid $ 311,000 $ 120,000