v3.26.3
Balance Sheets - USD ($)
Jun. 30, 2026
Jun. 30, 2025
ASSETS    
Cash and cash equivalents $ 19,436,966 $ 18,862,645
Investment Securities 26,006,718 24,717,245
Trade accounts receivable, less allowance for credit losses of $3,000 8,959,999 7,598,888
Income tax receivable 443,861
Inventories:    
Raw materials 2,450,892 2,120,462
Work-in-process 767,381 681,334
Costs related to contracts in process 22,750,135 15,040,253
Total inventories 25,968,408 17,842,049
Prepaid expenses and other current assets 10,497,773 4,933,562
Total current assets 91,313,725 73,954,389
Deferred tax asset 1,338,858 1,202,019
Property, plant and equipment, net 4,500,814 3,960,156
Total assets 97,153,397 79,116,564
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 3,449,040 2,641,576
Accrued expenses:    
Salaries and wages 1,310,642 1,185,387
Vacation 536,974 568,078
Other 283,151 594,153
Payroll and other taxes withheld 831 93,456
Contract liabilities 30,999,186 22,886,404
Income taxes payable 298,510
Total current liabilities 36,579,824 28,267,564
Total liabilities 36,579,824 28,267,564
Commitments and Contingencies (See Note 13)
Common stock, par value $.33-1/3 per share Authorized 10,000,000 shares; Issued 3,129,874 shares as of June 30, 2026 and 2025. Outstanding 3,007,672 and 2,896,368 shares as of June 30, 2026 and 2025, respectively (Includes 168,636 and 189,817 Unearned ESOP Shares, respectively) 1,043,291 1,043,291
Capital in excess of par value 27,354,936 26,331,842
Accumulated other comprehensive gain 13,320 11,596
Retained earnings 37,898,276 31,550,390
Total 66,309,823 58,937,119
Less: Unearned ESOP shares (3,084,342) (3,471,747)
Cost of 122,202 and 233,506 shares of common stock in treasury as of June 30, 2026 and 2025, respectively (2,651,908) (4,616,372)
Total stockholders' equity 60,573,573 50,849,000
Total liabilities and stockholders' equity $ 97,153,397 $ 79,116,564