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Balance Sheets - USD ($)
Jun. 30, 2025
Jun. 30, 2024
ASSETS    
Cash and cash equivalents $ 18,862,645 $ 4,351,970
Investment securities 24,717,245 18,878,631
Trade accounts receivable, less allowance for credit losses of $3,000 7,598,888 6,635,490
Inventories:    
Raw materials 2,120,462 1,693,448
Work-in-process 681,334 1,645,973
Costs related to contracts in process 15,040,253 15,904,588
Total inventories 17,842,049 19,244,009
Deferred tax asset 1,202,019 895,154
Prepaid expenses and other current assets 4,933,562 3,231,402
Total current assets 75,156,408 53,236,656
Property, plant and equipment, net 3,960,156 3,306,275
Total assets 79,116,564 56,542,931
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 2,641,576 3,751,209
Accrued expenses:    
Salaries and wages 1,185,387 928,163
Vacation 568,078 511,144
Other 594,153 757,552
Payroll and other taxes withheld 93,456 56,862
Contract liabilities 22,886,404 9,043,422
Income taxes payable 298,510 220,607
Total current liabilities 28,267,564 15,268,959
Total liabilities 28,267,564 15,268,959
Commitments and Contingencies (See Note 13)
Common stock, par value $.33-1/3 per share Authorized 10,000,000 shares; Issued 3,129,874 shares as of March 31, 2025 and June 30, 2024. Outstanding 2,816,558 and 2,733,958 shares as of March 31, 2025 and June 30, 2024, respectively (includes 195,234 and 211,487 Unearned ESOP shares, respectively) 1,043,291 1,043,291
Capital in excess of par value 26,331,842 23,930,428
Accumulated other comprehensive gain (loss) 11,596 6,544
Retained earnings 31,550,390 26,004,790
Total stockholders equity before ESOP 58,937,119 50,985,053
Less: Unearned ESOP shares (3,471,747) (3,868,093)
Cost of 233,506 and 395,916 shares of common stock in treasury as of June 30, 2025 and 2024, respectively (4,616,372) (5,842,988)
Total stockholders' equity 50,849,000 41,273,972
Total liabilities and stockholders' equity $ 79,116,564 $ 56,542,931