Balance Sheets - USD ($)	Dec. 31, 2015	Jun. 30, 2015
ASSETS:
Cash and cash equivalents	$ 9,547,218	$ 8,859,405
Investment securities	5,224,370	4,159,057
Trade accounts receivable, net of allowance of $3,000	4,038,389	$ 6,694,401
Income taxes receivable	207,551
Inventories:
Raw materials	1,464,486	$ 1,481,792
Work-in-process	620,039	561,682
Costs relating to contracts in process, net of advance payments of $2,174 at December 31, 2015 and $19,626 at June 30, 2015	9,622,880	9,542,423
Total inventories	11,707,405	11,585,897
Deferred income taxes	257,274	334,681
Prepaid expenses and other current assets	111,379	211,940
Total current assets	31,093,586	31,845,381
Property, plant and equipment, net	2,363,036	2,498,863
Total assets	33,456,622	34,344,244
LIABILITIES AND STOCKHOLDERS' EQUITY:
Accounts payable	604,418	976,112
Accrued expenses:
Salaries and wages	242,880	332,387
Vacation	647,525	$ 690,833
ESOP payable	$ 164,800
Dividend payable		$ 590,672
Other	$ 448,276	548,817
Payroll and other taxes withheld	$ 85,677	47,082
Income taxes payable		2,716
Total current liabilities	$ 2,193,576	3,188,619
Deferred tax liability	178,473	224,751
Total liabilities	$ 2,372,049	$ 3,413,370
Commitments and contingencies (see Note 5)
Common stock, par value $.33-1/3 per share. Authorized 10,000,000 shares; Issued 3,029,874 shares on December 31, 2015 and June 30, 2015. Outstanding 2,352,184 and 2,362,687 on December 31, 2015 and June 30, 2015, respectively (includes 70,417 and 79,167 Unearned ESOP shares, respectively)	$ 1,009,958	$ 1,009,958
Capital in excess of par value	16,889,082	16,785,604
Accumulated other comprehensive loss	(3,511)	(4,386)
Retained earnings	22,239,365	21,865,951
Total stockholders equity before ESOP	40,134,894	39,657,127
Less: Unearned ESOP shares	(1,143,957)	(1,143,957)
Treasury shares, cost of 677,690 and 667,187 shares on December 31, 2015 and June 30, 2015, respectively	(7,906,364)	(7,582,296)
Total stockholders' equity	31,084,573	30,930,874
Total liabilities and stockholders' equity	$ 33,456,622	$ 34,344,244