Balance Sheets (Unaudited) - USD ($)	Mar. 31, 2024	Jun. 30, 2023
ASSETS
Cash and cash equivalents	$ 5,556,264	$ 2,748,755
Investment securities	15,568,474	11,964,673
Trade accounts receivable, less allowance for credit losses of $3,000	5,315,420	5,755,282
Income tax receivable		35,666
Inventories:
Raw materials	1,883,826	1,889,702
Work-in-process	1,447,191	681,300
Costs related to contracts in process	16,280,327	17,318,579
Total inventories	19,611,344	19,889,581
Deferred tax assets	778,179
Prepaid expenses and other current assets	3,554,408	4,282,477
Total current assets	50,384,089	44,676,434
Property, plant and equipment, net	2,753,799	2,825,089
Total assets	53,137,888	47,501,523
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable	2,835,630	1,212,375
Accrued expenses:
Salaries and wages	712,744	890,748
Vacation	565,707	685,188
ESOP payable	200,682
Other	985,358	547,747
Payroll and other taxes withheld	70,591	66,042
Contract liabilities	7,706,009	8,081,838
Income taxes payable	719,217
Total current liabilities	13,795,938	11,483,938
Deferred tax liabilities		137,827
Total liabilities	13,795,938	11,621,765
Commitments and contingencies (See Note 5)
Common stock, par value $.33-1/3 per share Authorized 10,000,000 shares; Issued 3,129,874 shares as of March 31, 2024 and June 30, 2023. Outstanding 2,732,758 and 2,702,633 shares as of March 31, 2024 and June 30, 2023, respectively (includes 217,026 and 233,645 Unearned ESOP shares, respectively)	1,043,291	1,043,291
Capital in excess of par value	23,805,827	23,283,245
Accumulated other comprehensive gain (loss)	5,139	(2,429)
Retained earnings	24,611,556	21,867,720
Total stockholders equity before ESOP	49,465,813	46,191,827
Less: Unearned ESOP shares	(4,273,378)	(4,273,378)
Cost of 397,116 and 427,241 shares of common stock in treasury as of March 31, 2024 and June 30, 2023, respectively	(5,850,485)	(6,038,691)
Total stockholders’ equity	39,341,950	35,879,758
Total liabilities and stockholders' equity	$ 53,137,888	$ 47,501,523