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Statements of Cash Flows - USD ($)
12 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash Flows from Operating Activities:    
Net income $ 1,135,736 $ 3,175,801
Adjustments to reconcile net income to net cash provided by operating activities:    
Excess tax benefits from share-based compensation (9,070) (17,141)
Tax effect of dividends on unallocated ESOP shares 20,967 35,204
Stock-based compensation 129,167 97,045
Depreciation 435,557 434,401
ESOP compensation expense 417,419 443,668
Loss on disposal of assets 4 147
Deferred income tax (benefit) expense (46,488) 57,735
Changes in assets and liabilities:    
Decrease in trade receivables, net 1,557,851 1,736,937
Decrease (increase) in income tax receivable 218,189 (314,874)
Decrease in inventories, net 1,054,870 852,216
Increase in prepaid expenses and other current assets (7,618) (7,748)
Increase (decrease) in accounts payable 1,697,328 (423,325)
(Decrease) increase in accrued salaries and wages (185,865) 25,523
(Decrease) increase in vacation accrual (48,562) 13,928
Increase (decrease) in other accrued expenses 53,652 (352,186)
(Decrease) increase in payroll and other taxes withheld (2,414) 2,271
Net cash provided by operating activities 6,420,723 5,759,602
Cash Flows from Investing Activities:    
Additions to property, plant and equipment (352,132) (284,210)
Purchase of investment securities (8,922,097) (4,930,146)
Proceeds from sale/maturity of investment securities 5,071,818 3,514,997
Net cash used in investing activities (4,202,411) (1,699,359)
Cash Flows from Financing Activities:    
Dividends paid on common stock (2,307,445) (2,846,690)
Purchase of treasury stock (44,335) (355,418)
Proceeds from exercise of stock options 150,917 296,963
Excess tax benefits from share-based compensation 9,070 17,141
Net cash used in financing activities (2,191,793) (2,888,004)
Increase in cash and cash equivalents 26,519 1,172,239
Cash and cash equivalents, beginning of the year 10,031,644 8,859,405
Cash and cash equivalents, end of the year 10,058,163 10,031,644
Supplemental Schedule of Cash Flow Information:    
Income taxes paid $ 323,000 $ 1,511,000