Balance Sheets - USD ($)	Sep. 30, 2017	Jun. 30, 2017
ASSETS:
Cash and cash equivalents	$ 7,389,349	$ 10,058,163
Investment securities	11,286,800	9,426,968
Trade accounts receivable, net of allowance of $3,000	3,644,241	3,399,613
Income tax receivable		120,179
Inventories:
Raw materials	1,281,629	1,303,259
Work-in-process	679,418	512,014
Costs related to contracts in process, net of advance payments of $1,366,504 at September 30, 2017 and June 30, 2017	8,443,983	7,863,538
Total inventories	10,405,030	9,678,811
Deferred tax assets		317,559
Prepaid expenses and other current assets	276,080	227,306
Total current assets	33,001,500	33,228,599
Property, plant and equipment, net	2,188,180	2,265,096
Deferred tax assets	99,935
Total assets	35,289,615	35,493,695
LIABILITIES AND STOCKHOLDERS' EQUITY:
Accounts payable	2,326,441	2,250,115
Accrued expenses:
Salaries and wages	259,199	172,045
Vacation	620,345	656,199
ESOP payable	78,210
Other	132,374	250,283
Payroll and other taxes withheld	49,595	46,939
Income taxes payable	43,582
Total current liabilities	3,509,746	3,375,581
Deferred tax liabilities		220,571
Total liabilities	3,509,746	3,596,152
Common stock, par value $.33-1/3 per share Authorized 10,000,000 shares; Issued 3,029,874 shares as of September 30, 2017 and June 30, 2017. Outstanding 2,371,321 as of September 30, 2017 and June 30, 2017 (includes 41,042 and 45,000 Unearned ESOP shares, respectively)	1,009,958	1,009,958
Capital in excess of par value	17,671,758	17,650,335
Accumulated other comprehensive loss	(3,880)	(3,599)
Retained earnings	21,531,380	21,670,196
Total stockholders equity before ESOP	40,209,216	40,326,890
Less: Unearned ESOP shares	(650,248)	(650,248)
Cost of 658,553 shares of common stock in treasury as of September 30, 2017 and June 30, 2017	(7,779,099)	(7,779,099)
Total stockholders' equity	31,779,869	31,897,543
Total liabilities and stockholders' equity	$ 35,289,615	$ 35,493,695