Contracts in Process

12 Months Ended

Jun. 30, 2014

Contractors [Abstract]

Contracts in Process

Note 4. Contracts in Process

Contracts in process at June 30, 2014 and 2013 are as follows:

	2014		2013
Gross contract value	$	35,663,830	$	42,069,522
Costs related to contracts in process, net of progress payments
of $142,616 in fiscal 2014 and $146,916 in fiscal 2013		8,201,642		9,159,493

Included in costs relating to contracts in process at June 30, 2014 and 2013 are costs of $4,391,834 and $4,155,629, respectively, relative to contracts that may not be completed within the ensuing year. Under the units-of-delivery method, the related sale and cost of sales will not be reflected in the statement of comprehensive income until the units under contract are shipped.