Balance Sheets - USD ($)	Jun. 30, 2023	Jun. 30, 2022
ASSETS
Cash and cash equivalents	$ 2,748,755	$ 8,104,060
Investment securities	11,964,673	3,708,779
Trade accounts receivable, net of allowance of $3,000	5,755,282	5,733,174
Income tax receivable	35,666
Inventories:
Raw materials	1,889,702	2,037,483
Work-in-process	681,300	315,547
Costs related to contracts in process	17,318,579	16,207,419
Total inventories	19,889,581	18,560,449
Prepaid expenses and other current assets	4,282,477	992,774
Total current assets	44,676,434	37,099,236
Property, plant and equipment, net	2,825,089	2,797,993
Total assets	47,501,523	39,897,229
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable	1,212,375	2,079,177
Accrued expenses:
Salaries and wages	890,748	627,187
Vacation	685,188	666,380
Other	547,747	752,554
Payroll and other taxes withheld	66,042	55,292
Contract liabilities	8,081,838	3,384,474
Income taxes payable		54,722
Total current liabilities	11,483,938	7,619,786
Deferred tax liabilities	137,827	177,829
Total liabilities	11,621,765	7,797,615
Commitments and Contingencies (See Note 14)
Common stock, par value $.33-1/3 per share Authorized 10,000,000 shares; Issued 3,129,874 shares as of June 30, 2023 and 2022. Outstanding 2,702,633 as of June 30, 2023 and 2022 (includes 233,645 and 256,293 Unearned ESOP Shares, respectively)	1,043,291	1,043,291
Capital in excess of par value	23,283,245	23,104,693
Accumulated other comprehensive loss	(2,429)	(1,932)
Retained earnings	21,867,720	18,679,857
Total stockholders equity before ESOP	46,191,827	42,825,909
Less: Unearned ESOP shares	(4,273,378)	(4,687,604)
Cost of 427,241 shares of common stock in treasury as of June 30, 2023 and 2022	(6,038,691)	(6,038,691)
Total stockholders' equity	35,879,758	32,099,614
Total liabilities and stockholders' equity	$ 47,501,523	$ 39,897,229