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Contracts in Process
12 Months Ended
Jun. 30, 2024
Contracts in Process [Abstract]  
Contracts in Process

Note 5. Contracts in Process

 

Contracts in process at June 30, 2024 and 2023 are as follows:

 

   2024   2023 
Unrecognized gross contract value  $97,216,542   $83,577,153 
Costs related to contracts in process  $15,904,588   $17,318,579 

 

Included in costs relating to contracts in process at June 30, 2024 and 2023 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.