Balance Sheets - USD ($)	Jun. 30, 2018	Jun. 30, 2017
ASSETS
Cash and cash equivalents	$ 4,298,796	$ 10,058,163
Investment securities	11,520,706	9,426,968
Trade accounts receivable, net of allowance of $3,000	4,377,726	3,399,613
Income tax receivable	161,975	120,179
Inventories:
Raw materials	1,562,581	1,303,259
Work-in-process	966,342	512,014
Costs related to contracts in process, net of advance payments of $102,924 and $1,366,504 as of June 30, 2018 and 2017, respectively	8,777,079	7,863,538
Total inventories	11,306,002	9,678,811
Deferred tax assets		317,559
Prepaid expenses and other current assets	1,292,575	227,306
Total current assets	32,957,780	33,228,599
Property, plant and equipment, net	3,758,637	2,265,096
Total assets	36,716,417	35,493,695
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable	1,822,597	2,250,115
Accrued expenses:
Salaries and wages	529,005	172,045
Vacation	707,612	656,199
Other	104,663	250,283
Payroll and other taxes withheld	53,435	46,939
Total current liabilities	3,217,312	3,375,581
DEFERRED TAX LIABILITIES	17,693	220,571
Total liabilities	3,235,005	3,596,152
Commitments and Contingencies (See Note 14)
Common stock, par value $.33-1/3 per share Authorized 10,000,000 shares; Issued 3,029,874 shares as of June 30, 2018 and 2017. Outstanding 2,387,124 and 2,371,321 as of June 30, 2018 and 2017, respectively (includes 29,166 and 45,000 Unearned ESOP Shares, respectively)	1,009,958	1,009,958
Capital in excess of par value	18,201,691	17,650,335
Accumulated other comprehensive loss	(6,349)	(3,599)
Retained earnings	22,416,400	21,670,196
Total stockholders equity before ESOP and treasury stock	41,621,700	40,326,890
Less: Unearned ESOP shares	(421,453)	(650,248)
Cost of 642,750 and 658,553 shares of common stock in treasury as of June 30, 2018 and 2017, respectively	(7,718,835)	(7,779,099)
Total stockholders' equity	33,481,412	31,897,543
Total liabilities and stockholders' equity	$ 36,716,417	$ 35,493,695