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Balance Sheets (Unaudited) (USD $)
Dec. 31, 2013
Jun. 30, 2013
ASSETS    
Cash and cash equivalents $ 8,217,319 $ 9,888,628
Investment securities 4,681,637 3,892,968
Trade accounts receivable, net 4,328,613 7,204,226
Income tax receivable 442,540   
Inventories:    
Raw materials 1,740,394 1,607,112
Work-in-process 913,827 607,165
Costs relating to contracts in process, net of advance payments of $148,722 at December 31, 2013 and $146,916 at June 30, 2013 8,709,606 9,159,493
Total inventories 11,363,827 11,373,770
Deferred income taxes 422,946 419,093
Prepaid expenses and other current assets 93,206 315,736
Total current assets 29,550,088 33,094,421
Property, plant and equipment, net 2,828,048 2,421,332
Loan receivable 3,627 25,194
Total assets 32,381,763 35,540,947
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 845,668 1,273,142
Accrued expenses:    
Salaries, wages and commissions 296,609 370,554
Vacation 684,345 748,040
ESOP payable 108,664   
Other 276,245 629,878
Payroll and other taxes withheld and accrued    50,891
Income taxes payable    430,463
Total current liabilities 2,211,531 3,502,968
Deferred tax liability 231,719 195,385
Total liabilities 2,443,250 3,698,353
Common stock, par value $.33-1/3 per share. Authorized 10,000,000 shares; Issued 3,029,874 shares on December 31, 2013 and June 30, 2013. Outstanding 2,355,810 and 2,344,690 on December 31, 2013 and June 30,2013, respectively (includes 107,083 and 116,666 unearned ESOP shares) 1,009,958 1,009,958
Capital in excess of par value 15,982,307 15,780,009
Accumulated other comprehensive income 62 412
Retained earnings 22,062,352 24,260,121
[TotalStockholdersEquityBeforyEsopAndTreasuryStock] 39,054,679 41,050,500
Less: Unearned ESOP shares (1,685,827) (1,685,827)
Treasury shares, cost of 674,064 and 685,184 shares on December 31, 2013 and June 30, 2013, respectively (7,430,339) (7,522,079)
Total stockholders' equity 29,938,513 31,842,594
Total liabilities and stockholders' equity $ 32,381,763 $ 35,540,947