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Statements of Cash Flows - USD ($)
12 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash Flows from Operating Activities:    
Net income $ 3,075,797 $ 1,135,736
Adjustments to reconcile net income to net cash provided by operating activities:    
Excess tax benefits from share-based compensation (9,070)
Tax effect of dividends on unallocated ESOP shares 20,967
Stock-based compensation 123,112 129,167
Depreciation 429,679 435,557
ESOP compensation expense 387,882 417,419
Loss on disposal of assets 4
Deferred income tax expense (benefit) 115,075 (46,488)
Changes in assets and liabilities:    
(Increase) decrease in trade receivables, net (978,113) 1,557,851
(Increase) decrease in income tax receivable (41,796) 218,189
(Increase) decrease in inventories, net (1,627,191) 1,054,870
Increase in prepaid expenses and other current assets (1,065,269) (7,618)
(Decrease) increase in accounts payable (427,518) 1,697,328
Increase (decrease) in accrued salaries and wages 356,960 (185,865)
Increase (decrease) in vacation accrual 51,413 (48,562)
(Decrease) increase in other accrued expenses (145,620) 53,652
Increase (decrease) in payroll and other taxes withheld 6,496 (2,414)
Net cash provided by operating activities 260,907 6,420,723
Cash Flows from Investing Activities:    
Additions to property, plant and equipment (1,923,220) (352,132)
Purchase of investment securities (11,199,339) (8,922,097)
Proceeds from sale/maturity of investment securities 9,102,457 5,071,818
Net cash used in investing activities (4,020,102) (4,202,411)
Cash Flows from Financing Activities:    
Dividends paid on common stock (2,329,593) (2,307,445)
Purchase of treasury stock (109,694) (44,335)
Proceeds from exercise of stock options 439,115 150,917
Excess tax benefits from share-based compensation 9,070
Net cash used in financing activities (2,000,172) (2,191,793)
(Decrease) increase in cash and cash equivalents (5,759,367) 26,519
Cash and cash equivalents, beginning of the year 10,058,163 10,031,644
Cash and cash equivalents, end of the year 4,298,796 10,058,163
Supplemental Schedule of Cash Flow Information:    
Income taxes paid $ 920,000 $ 323,000