Balance Sheets (Unaudited) - USD ($)	Sep. 30, 2023	Jun. 30, 2023
ASSETS
Cash and cash equivalents	$ 3,064,670	$ 2,748,755
Investment securities	13,064,736	11,964,673
Trade accounts receivable, less allowance for credit losses of $3,000	5,927,506	5,755,282
Income tax receivable		35,666
Inventories:
Raw materials	1,967,438	1,889,702
Work-in-process	609,415	681,300
Costs related to contracts in process	16,678,414	17,318,579
Total inventories	19,255,267	19,889,581
Deferred tax assets	75,986
Prepaid expenses and other current assets	4,036,747	4,282,477
Total current assets	45,424,912	44,676,434
Property, plant and equipment, net	3,965,777	2,825,089
Total assets	49,390,689	47,501,523
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable	1,913,174	1,212,375
Accrued expenses:
Salaries and wages	1,090,406	890,748
Vacation	573,735	685,188
ESOP payable	54,142
Dividends payable	405,995
Other	524,304	547,747
Payroll and other taxes withheld	60,215	66,042
Contract liabilities	7,581,090	8,081,838
Income taxes payable	467,346
Total current liabilities	12,670,407	11,483,938
Deferred tax liabilities		137,827
Total liabilities	12,670,407	11,621,765
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, 2023 and June 30, 2023. Outstanding 2,706,633 and 2,702,633 shares as of September 30, 2023 and June 30, 2023, respectively (includes 228,105 and 233,645 Unearned ESOP shares, respectively)	1,043,291	1,043,291
Capital in excess of par value	23,373,388	23,283,245
Accumulated other comprehensive loss	(634)	(2,429)
Retained earnings	22,591,316	21,867,720
Total stockholders equity before ESOP	47,007,361	46,191,827
Less: Unearned ESOP shares	(4,273,378)	(4,273,378)
Cost of 423,241 and 427,241 shares of common stock in treasury as of September 30, 2023 and June 30, 2023, respectively	(6,013,701)	(6,038,691)
Total stockholders’ equity	36,720,282	35,879,758
Total liabilities and stockholders' equity	$ 49,390,689	$ 47,501,523