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Balance Sheets - USD ($)
Dec. 31, 2025
Jun. 30, 2025
ASSETS    
Cash and cash equivalents $ 17,757,632 $ 18,862,645
Investment securities 25,410,727 24,717,245
Trade accounts receivable, less allowance for credit losses of $3,000 8,231,902 7,598,888
Inventories:    
Raw materials 2,269,387 2,120,462
Work-in-process 560,940 681,334
Costs related to contracts in process 20,116,320 15,040,253
Total inventories 22,946,647 17,842,049
Net deferred tax assets 1,421,743 1,202,019
Prepaid expenses and other current assets 5,107,454 4,933,562
Total current assets 80,876,105 75,156,408
Property, plant and equipment, net 4,290,195 3,960,156
Total assets 85,166,300 79,116,564
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 3,629,130 2,641,576
Accrued expenses:    
Salaries and wages 927,579 1,185,387
Vacation 487,380 568,078
ESOP payable 221,675
Other 215,981 594,153
Payroll and other taxes withheld 93,456
Contract liabilities 26,258,894 22,886,404
Income taxes payable 218,689 298,510
Total current liabilities 31,959,328 28,267,564
Total liabilities 31,959,328 28,267,564
Commitments and contingencies
Common stock, par value $.33-1/3 per share Authorized 10,000,000 shares; Issued 3,129,874 shares as of December 31, 2025 and June 30, 2025. Outstanding 2,937,343 and 2,896,368 shares as of December 31, 2025 and June 30, 2025, respectively (includes 189,817 and 211,487 Unearned ESOP shares, respectively) 1,043,291 1,043,291
Capital in excess of par value 26,557,243 26,331,842
Accumulated other comprehensive gain 15,821 11,596
Retained earnings 33,095,848 31,550,390
Total stockholders equity before ESOP 60,712,203 58,937,119
Less: Unearned ESOP shares (3,471,747) (3,471,747)
Cost of 174,281 and 233,506 shares of common stock in treasury as of December 31, 2025 and June 30, 2025, respectively (4,033,484) (4,616,372)
Total stockholders' equity 53,206,972 50,849,000
Total liabilities and stockholders' equity $ 85,166,300 $ 79,116,564