Contracts in Process

12 Months Ended

Jun. 30, 2015

Note 4. Contracts in Process

Contracts in process at June 30, 2015 and 2014 are as follows:

	2015		2014
Gross contract value	$	36,424,194	$	35,663,830
Costs related to contracts in process, net of progress payments
of $19,626 in fiscal 2015 and $142,616 in fiscal 2014		9,542,423		8,201,642

Included in costs relating to contracts in process at June 30, 2015 and 2014 are costs of $3,515,008 and $4,391,834, 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.