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Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash Flows from Operating Activities:    
Net income $ 8,817 $ 310,740
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation 80,874 92,447
Depreciation 271,341 286,549
ESOP compensation expense 56,274 165,820
Deferred income tax benefit (35,524) (18,561)
Changes in assets and liabilities:    
Decrease in trade accounts receivable 4,805,803 6,574,172
Increase in income taxes receivable (86,274) (43,903)
Increase in ESOP receivable due to dividends on unallocated shares (18,726)
Increase in inventories (1,706,735) (2,363,114)
Increase in prepaid expenses and other current assets (109,615) (512,667)
Increase (decrease) increase in accounts payable 392,287 (246,984)
(Decrease) increase in accrued salaries and wages (125,060) 54,249
Decrease in vacation accrual (23,674) (72,161)
Decrease in ESOP payable (56,274) (7,084)
(Decrease) increase in other accrued expenses (228,136) 76,001
Increase (decrease) in payroll and other taxes withheld 276,315 (60,941)
(Decrease) increase in contract liabilities (524,947) 1,797,286
Decrease in income taxes payable (47,707) (30,481)
Net cash provided by operating activities 2,929,039 6,001,368
Cash Flows from Investing Activities:    
Additions to property, plant and equipment (29,173) (177,826)
Purchase of investment securities (2,391,686) (6,063,558)
Proceeds from sale/maturity of investment securities 4,331,407 6,079,747
Net cash provided by (used in) investing activities 1,910,548 (161,637)
Cash Flows from Financing Activities:    
Dividends on common stock (1,201,316) (1,193,977)
Purchase of treasury stock (47,949)
Proceeds from exercise of stock options 50,280
Net cash used in financing activities (1,201,316) (1,191,646)
Increase in cash and cash equivalents 3,638,271 4,648,085
Cash and cash equivalents, beginning of period 5,402,122 1,462,761
Cash and cash equivalents, end of period 9,040,393 6,110,846
Supplemental Schedule of Cash Flow Information:    
Income taxes paid $ 175,250 $ 151,000