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Balance Sheets (Unaudited) (USD $)
Mar. 31, 2013
Jun. 30, 2012
ASSETS    
Cash and cash equivalents $ 9,215,070 $ 11,523,424
Investment securities 3,681,732 3,184,711
Trade accounts receivable, net 3,585,346 3,217,875
Income tax receivable 228,866   
Inventories:    
Raw materials 1,480,737 1,364,019
Work-in-process 660,140 801,092
Costs relating to contracts in process, net of advance payments of $216,827 at March 31, 2013 and $511,502 at June 30, 2012 10,660,684 9,480,595
Total inventories 12,801,561 11,645,706
Deferred income taxes 478,523 422,998
Prepaid expenses and other current assets 275,446 200,322
Total current assets 30,266,544 30,195,036
Property, plant and equipment, net 2,408,290 2,523,196
Loan receivable 35,856 67,371
Total assets 32,710,690 32,785,603
Accounts payable 1,336,084 1,309,037
Accrued expenses:    
Salaries, wages and commissions 304,079 417,677
Vacation 673,612 707,760
ESOP payable 165,804   
Other 528,233 442,695
Payroll and other taxes withheld and accrued 51,066 44,886
Income taxes payable    73,596
Total current liabilities 3,058,878 2,995,651
Deferred income taxes 180,975 222,504
Total liabilities 3,239,853 3,218,155
Common stock, par value $.33-1/3 per share. Authorized 10,000,000 shares; Issued 3,029,874 shares on March 31, 2013 and June 30, 2012. Outstanding 2,340,790 and 2,320,822 (includes 126,666 and 136,666 Unearned ESOP Shares on March 31, 2013 and June 30, 2012, respectively) 1,009,958 1,009,958
Capital in excess of par value 15,469,358 15,093,512
Accumulated other comprehensive income/loss 3,177 1,477
Retained earnings 22,517,427 23,053,762
[TotalStockholdersEquityBeforyEsopAndTreasuryStock] 38,999,920 39,158,709
Less: Unearned ESOP shares; Cost of 689,084 and 708,914 shares on March 31, 2013 and June 30, 2012, respectively (1,974,829) (1,974,829)
Treasury shares, cost of 689,084 and 709,052 shares on March 31, 2013 and June 30, 2012, respectively (7,554,254) (7,616,432)
Total stockholders' equity 29,470,837 29,567,448
Total liabilities and stockholders' equity $ 32,710,690 $ 32,785,603