Balance Sheets - USD ($)	Sep. 30, 2018	Jun. 30, 2018
ASSETS:
Cash and cash equivalents	$ 6,337,621	$ 4,298,796
Investment securities	7,445,292	11,520,706
Trade accounts receivable, net of allowance of $3,000	5,795,529	4,377,726
Income tax receivable	289,197	161,975
Inventories:
Raw materials	1,645,216	1,562,581
Work-in-process	793,143	966,342
Costs related to contracts in process	11,324,865	8,880,003
Total inventories	13,763,224	11,408,926
Prepaid expenses and other current assets	277,725	1,292,575
Total current assets	33,908,588	33,060,704
Property, plant and equipment, net	4,247,760	3,758,637
Total assets	38,156,348	36,819,341
LIABILITIES AND STOCKHOLDERS' EQUITY:
Accounts payable	2,581,373	1,822,597
Accrued expenses:
Salaries and wages	587,424	529,005
Vacation	710,997	707,612
ESOP payable	101,361
Dividend payable	2,995,404
Other	158,717	104,663
Payroll and other taxes withheld	68,565	53,435
Contract liabilities	102,924	102,924
Total current liabilities	7,306,765	3,320,236
Deferred tax liabilities	63,062	17,693
Total liabilities	7,369,827	3,337,929
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 as of September 30, 2018 and June 30, 2018. Outstanding 2,396,323 and 2,387,124 as of September 30, 2018 and June 30, 2018, respectively (includes 25,416 and 29,166 Unearned ESOP shares, respectively)	1,009,958	1,009,958
Capital in excess of par value	18,363,293	18,201,691
Accumulated other comprehensive loss	(5,002)	(6,349)
Retained earnings	19,482,668	22,416,400
Total stockholders equity before ESOP	38,850,917	41,621,700
Less: Unearned ESOP shares	(421,453)	(421,453)
Cost of 633,551 and 642,750 shares of common stock in treasury as of September 30, 2018 and June 30, 2018, respectively	(7,642,943)	(7,718,835)
Total stockholders' equity	30,786,521	33,481,412
Total liabilities and stockholders' equity	$ 38,156,348	$ 36,819,341