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Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash Flows from Operating Activities:    
Net income $ 1,094,544 $ 768,266
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation 55,653 61,259
Depreciation 119,392 120,950
ESOP compensation expense 89,189 78,927
Deferred income tax benefit (213,813) (1,697)
Changes in assets and liabilities:    
Increase in trade accounts receivable (172,224) (888)
Decrease in income taxes receivable 35,666
Decrease (increase) in inventories 634,314 (77,755)
Decrease (increase) in prepaid expenses and other current assets 245,730 (233,166)
Increase in accounts payable 700,799 831,816
Increase in accrued salaries and wages 199,658 65,431
Decrease in vacation accrual (111,453) (29,527)
(Decrease) increase in other accrued expenses (23,443) 57,022
(Decrease) increase in payroll and other taxes withheld (5,827) 4,493
Decrease in contract liabilities (500,748) (740,236)
Increase in income taxes payable 467,346 68,317
Net cash provided by operating activities 2,614,783 973,212
Cash Flows from Investing Activities:    
Additions to property, plant and equipment (2,228,802) (50,482)
Proceeds from grant award 968,722
Purchase of investment securities (4,758,705) (2,826,789)
Proceeds from sale/maturity of investment securities 3,660,437 1,120,000
Net cash used in investing activities (2,358,348) (1,757,271)
Cash Flows from Financing Activities:    
Proceeds from exercise of stock options 59,480
Net cash provided by financing activities 59,480
Increase (decrease) in cash and short term investments 315,915 (784,059)
Cash and cash equivalents, beginning of period 2,748,755 8,104,060
Cash and cash equivalents, end of period 3,064,670 7,320,001
Supplemental Schedule of Cash Flow Information:    
Income taxes paid 150,000
Supplemental Schedule of Non-cash Financing Activities:    
Accrual of Dividends $ 405,995