Balance Sheets - USD ($)	Jun. 30, 2024	Jun. 30, 2023
ASSETS
Cash and cash equivalents	$ 4,351,970	$ 2,748,755
Investment securities	18,878,631	11,964,673
Trade accounts receivable, less allowance for credit losses of $3,000	6,635,490	5,755,282
Income tax receivable		35,666
Inventories:
Raw materials	1,693,448	1,889,702
Work-in-process	1,645,973	681,300
Costs related to contracts in process	15,904,588	17,318,579
Total inventories	19,244,009	19,889,581
Deferred tax asset	895,154
Prepaid expenses and other current assets	3,231,402	4,282,477
Total current assets	53,236,656	44,676,434
Property, plant and equipment, net	3,306,275	2,825,089
Total assets	56,542,931	47,501,523
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable	3,751,209	1,212,375
Accrued expenses:
Salaries and wages	928,163	890,748
Vacation	511,144	685,188
Other	757,552	547,747
Payroll and other taxes withheld	56,862	66,042
Contract liabilities	9,043,422	8,081,838
Income taxes payable	220,607
Total current liabilities	15,268,959	11,483,938
Deferred tax liabilities		137,827
Total liabilities	15,268,959	11,621,765
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, 2024 and 2023. Outstanding 2,733,958 and 2,702,633 shares as of June 30, 2024 and 2023, respectively (includes 211,487 and 233,645 Unearned ESOP Shares, respectively)	1,043,291	1,043,291
Capital in excess of par value	23,930,428	23,283,245
Accumulated other comprehensive gain (loss)	6,544	(2,429)
Retained earnings	26,004,790	21,867,720
Total stockholders equity before ESOP	50,985,053	46,191,827
Less: Unearned ESOP shares	(3,868,093)	(4,273,378)
Cost of 395,916 and 427,241 shares of common stock in treasury as of June 30, 2024 and 2023, respectively	(5,842,988)	(6,038,691)
Total stockholders' equity	41,273,972	35,879,758
Total liabilities and stockholders' equity	$ 56,542,931	$ 47,501,523