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Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash Flows from Operating Activities:    
Net income $ 310,740 $ 279,430
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Bad debt expense 69,010
Stock-based compensation 92,447 77,876
Depreciation 286,549 256,186
ESOP compensation expense 165,820 203,809
Deferred income tax (benefit) expense (18,561) 91,220
Changes in assets and liabilities:    
Decrease (increase) in trade receivable, net 6,574,172 (1,339,155)
Increase in income taxes receivable (43,903) (116,081)
Increase in inventories, net (2,363,114) (4,326,042)
(Increase) decrease in prepaid expenses and other current assets (512,667) 1,122,186
(Decrease) increase in accounts payable (246,984) 784,204
Increase (decrease) in accrued salaries and wages 54,249 (35,294)
(Decrease) increase in vacation accrual (72,161) 8,079
Decrease in ESOP payable (7,084) (43,749)
Increase in other accrued expenses 76,001 48,208
(Decrease) increase in payroll and other taxes withheld (60,941) 1,372
Increase (decrease) in contract liabilities 1,797,286 (96,870)
Decrease in income tax payable (30,481)
Net cash provided by (used in) operating activities 6,001,368 (3,015,611)
Cash Flows from Investing Activities:    
Additions to property, plant and equipment (177,826) (354,933)
Purchase of investment securities (6,063,558) (3,103,004)
Proceeds from sale/maturity of investment securities 6,079,747 8,837,220
Net cash (used in) provided by investing activities (161,637) 5,379,283
Cash Flows from Financing Activities:    
Dividends on common stock (1,193,977) (3,550,735)
Purchase of treasury stock (47,949)
Proceeds from exercise of stock options 50,280 200,123
Net cash used in financing activities (1,191,646) (3,350,612)
Increase (decrease) in cash and cash equivalents 4,648,085 (986,940)
Cash and cash equivalents, beginning of period 1,462,761 4,298,796
Cash and cash equivalents, end of period 6,110,846 3,311,856
Supplemental Schedule of Cash Flow Information:    
Income taxes paid $ 151,000 $ 80,000