Balance Sheets (Unaudited) - USD ($)	Sep. 30, 2022	Jun. 30, 2022
ASSETS
Cash and cash equivalents	$ 7,320,001	$ 8,104,060
Investment securities	5,414,175	3,708,779
Trade accounts receivable, net of allowance of $3,000	5,734,062	5,733,174
Inventories:
Raw materials	2,051,063	2,037,483
Work-in-process	192,460	315,547
Costs related to contracts in process	16,394,681	16,207,419
Total inventories	18,638,204	18,560,449
Prepaid expenses and other current assets	1,225,940	992,774
Total current assets	38,332,382	37,099,236
Property, plant and equipment, net	2,727,525	2,797,993
Total assets	41,059,907	39,897,229
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable	2,910,993	2,079,177
Accrued expenses:
Salaries and wages	692,618	627,187
Vacation	636,853	666,380
ESOP payable	78,927
Other	809,576	752,554
Payroll and other taxes withheld	59,785	55,292
Contract liabilities	2,644,238	3,384,474
Income taxes payable	123,039	54,722
Total current liabilities	7,956,029	7,619,786
Deferred tax liabilities	176,502	177,829
Total liabilities	8,132,531	7,797,615
Commitments and contingencies (See Note 5)
Common stock, par value $.33-1/3 per share Authorized 10,000,000 shares; Issued 3,129,874 shares as of September 30, 2022 and June 30, 2022. Outstanding 2,702,633 shares as of September 30, 2022 and June 30, 2022 (includes 250,671 and 256,293 Unearned ESOP shares, respectively)	1,043,291	1,043,291
Capital in excess of par value	23,165,952	23,104,693
Accumulated other comprehensive loss	(3,695)	(1,932)
Retained earnings	19,448,123	18,679,857
Total stockholders equity before ESOP	43,653,671	42,825,909
Less: Unearned ESOP shares	(4,687,604)	(4,687,604)
Cost of 427,241 shares of common stock in treasury as of September 30, 2022 and June 30, 2022	(6,038,691)	(6,038,691)
Total stockholders' equity	32,927,376	32,099,614
Total liabilities and stockholders' equity	$ 41,059,907	$ 39,897,229