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Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash Flows from Operating Activities:    
Net income $ 206,975 $ 1,201,886
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Bad debt expense 69,010
Stock-based compensation 141,450 124,972
Depreciation 429,543 397,965
ESOP compensation expense 239,061 297,670
Loss on disposal of assets 3,757
Deferred income tax (benefit) expense (22,533) 137,035
Changes in assets and liabilities:    
Decrease (increase) in trade receivable, net 5,888,644 (3,642,605)
(Increase) decrease in income taxes receivable (79,469) 35,956
Increase in inventories, net (3,871,109) (3,539,511)
(Increase) decrease in prepaid expenses and other current assets (264,460) 924,361
(Decrease) increase in accounts payable (624,350) 115,902
Increase (decrease) in accrued salaries and wages 62,523 (236,821)
(Decrease) increase in vacation accrual (1,064) 75,501
Decrease in ESOP payable (10,625) (51,041)
Increase in other accrued expenses 81,851 39,234
(Decrease) increase in payroll and other taxes withheld (1,323) 8,219
Increase (decrease) in contract liabilities 2,785,721 (81,989)
Decrease in income taxes payable (30,481)
Net cash provided by (used in) operating activities 4,934,111 (4,124,256)
Cash Flows from Investing Activities:    
Additions to property, plant and equipment (210,527) (538,550)
Purchase of investment securities (7,981,580) (3,891,435)
Proceeds from sale/maturity of investment securities 7,943,837 9,581,630
Net cash (used in) provided by investing activities (248,270) 5,151,645
Cash Flows from Financing Activities:    
Dividends on common stock (1,791,094) (4,144,075)
Purchase of treasury stock (47,949)
Proceeds from exercise of stock options 81,000 306,081
Net cash used in financing activities (1,758,043) (3,837,994)
Increase (decrease) in cash and cash equivalents 2,927,798 (2,810,605)
Cash and cash equivalents, beginning of period 1,462,761 4,298,796
Cash and cash equivalents, end of period 4,390,559 1,488,191
Supplemental Schedule of Cash Flow Information:    
Income taxes paid $ 171,720 $ 80,000