Balance Sheets (USD $)	Jun. 30, 2014	Jun. 30, 2013
ASSETS
Cash and cash equivalents	$ 9,556,891	$ 9,888,628
Investment securities	4,910,893	3,892,968
Trade accounts receivable, net	3,194,678	7,204,226
Income tax receivable	943,234
Inventories:
Raw materials	1,616,990	1,607,112
Work-in-process	792,618	607,165
Costs relating to contracts in process, net of advance payments of $142,616 in 2014 and $146,916 in 2013	8,201,642	9,159,493
Total inventories	10,611,250	11,373,770
Deferred tax asset	324,823	419,093
Prepaid expenses and other current assets	177,776	315,736
Total current assets	29,719,545	33,094,421
Property, plant and equipment, net	2,678,901	2,421,332
Loan receivable		25,194
Total assets	32,398,446	35,540,947
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable	727,281	1,273,142
Accrued expenses:
Salaries, wages and commissions	413,989	370,554
Vacation	693,286	748,040
Other	579,953	629,878
Payroll and other taxes withheld and accrued	53,553	50,891
Income taxes payable		430,463
Total current liabilities	2,468,062	3,502,968
Deferred tax liability	283,439	195,385
Total liabilities	2,751,501	3,698,353
Common stock, par value $.33-1/3 per share. Authorized 10,000,000 shares; Issued 3,029,874 shares in 2014 and 2013. Outstanding 2,368,110 and 2,344,690 in 2014 and 2013, respectively (includes 97,500 and 116,666 Unearned ESOP Shares)	1,009,958	1,009,958
Capital in excess of par value	16,429,220	15,780,009
Accumulated other comprehensive (loss) income	(1,437)	412
Retained earnings	20,946,940	24,260,121
[TotalStockholdersEquityBeforyEsopAndTreasuryStock]	38,384,681	41,050,500
Less: Unearned ESOP shares	(1,408,872)	(1,685,827)
Cost of 661,764 and 685,184 shares of common stock in treasury in 2014 and 2013, respectively	(7,328,864)	(7,522,079)
Total stockholders' equity	29,646,945	31,842,594
Total liabilities and stockholders' equity	$ 32,398,446	$ 35,540,947