Provision for Income Taxes (Tables)

12 Months Ended

Jun. 30, 2015

Provision for Income Taxes [Abstract]

Schedule of components of the provision for income taxes

	2015		2014
Current tax expense - federal	$	1,402,033	$	113,245
Current tax (benefit) expense - state		(20,386)		1,500
Deferred tax (benefit) expense		(66,958)		183,319
Provision for income taxes	$	1,314,689	$	298,064

Schedule of effective income tax rates

	2015			2014
U.S. federal statutory income tax rate		34.0	%		34.0	%
Increase (reduction) in rate resulting from:
State franchise tax, net of federal income tax benefit		0.1			0.8
ESOP cost versus Fair Market Value		1.5			6.4
Dividend on allocated ESOP shares		(6.7	)		(20.4	)
Qualified production activities		(2.7	)		(0.8	)
Stock-based compensation		(0.3)			0.1
Other		3.3			0.2
Effective tax rate		29.2	%		20.3	%

Schedule of deferred tax assets and liabilities

	2015		2014
Deferred tax assets:
Accrued expenses	$	295,673	$	266,255
ESOP		102,355		116,981
Stock-based compensation		23,602		23,854
Inventory - effect on uniform capitalization		12,407		32,749
Unrealized loss on investment securities		2,361		773
Other		638		1,191
Total deferred tax assets	$	437,036	$	441,803
Deferred tax liability:
Property, plant and equipment - principally due
to differences in depreciation methods		327,106		400,419
Total deferred tax liability		327,106		400,419
Net deferred tax asset	$	109,930	$	41,384