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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">Note 1. Basis of Presentation</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">In the opinion of management the accompanying
unaudited financial statements contain all adjustments (consisting of only normal recurring adjustments) necessary for a fair presentation
of the results for such periods. The results for any interim period are not necessarily indicative of the results to be expected
for the full fiscal year. Certain information and footnote disclosures normally included in financial statements prepared in accordance
with United States generally accepted accounting principles have been condensed or omitted. The preparation of these financial
statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses,
and related disclosure of assets and liabilities. On an ongoing basis, we evaluate our estimates and judgments, including those
related to revenue recognition, inventories, income taxes, and stock-based compensation. Management bases its estimates on historical
experience and on various other factors that are believed to be reasonable under the circumstances, the results of which form the
basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources.
Actual results may differ from these estimates under different assumptions or conditions. These financial statements should be
read in conjunction with the Company's most recent audited financial statements included in its report on Form 10-K for the year
ended June 30, 2018. Certain reclassifications may have been made to the prior year financial statements to conform to the current
year presentation.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">Note 3. Net Income per Share</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">Basic net income per share excludes dilution
and is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding
for the period. Diluted net income per share reflects the potential dilution that could occur if securities or other contracts
to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared
in the income of the Company. The computation of weighted-average common shares outstanding, assuming dilution, excluded options
to purchase 2,500 and 150,550 shares of our common stock for the three and six months ended December 31, 2018 and 2017, respectively,
as the effect of including them would be anti-dilutive. As unearned ESOP shares are released or committed-to-be-released the shares
become outstanding for earnings-per-share computations.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Note 5. Commitments and Contingencies</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company from time to time, enters into
standby letters of credit agreements with financial institutions primarily relating to the guarantee of future performance on certain
contracts. Contingent liabilities on outstanding standby letters of credit agreements aggregated to zero at December 31, 2018 and
June 30, 2018. The Company, as a U.S. Government contractor, is subject to audits, reviews, and investigations by the U.S. Government
related to its negotiation and performance of government contracts and its accounting for such contracts. Failure to comply with
applicable U.S. Government standards by a contractor may result in suspension from eligibility for award of any new government
contract and a guilty plea or conviction may result in debarment from eligibility for awards. The government may, in certain cases,
also terminate existing contracts, recover damages, and impose other sanctions and penalties. As a result of contract audits the
Company will determine a range of possible outcomes and in accordance with ASC 450 “Contingencies” the Company will
accrue amounts within a range that appears to be its best estimate of a possible outcome. Adjustments are made to accruals, if
any, periodically based on current information.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We are party to various litigation matters
and claims arising from time to time in the ordinary course of business. While the results of such matters cannot be predicted
with certainty, we believe that the final outcome of such matters will not have a material adverse effect on our business, financial
condition, results of operations or cash flows.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-align: justify; text-indent: -0.75in">Note 7. Employee
Stock Ownership Plan</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-align: justify; text-indent: -0.75in"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify; text-indent: 0in">The Company sponsors
a leveraged employee stock ownership plan (the "ESOP") that covers all nonunion employees who work 1,000 or more hours
per year and are employed on June 30. The Company makes annual contributions to the ESOP equal to the ESOP's debt service less
dividends on unallocated shares received by the ESOP. All dividends on unallocated shares received by the ESOP are used to pay
debt service. Dividends on allocated ESOP shares are recorded as a reduction of retained earnings. As the debt is repaid, shares
are released and allocated to active employees, based on the proportion of debt service paid in the year. The Company accounts
for its ESOP in accordance with FASB ASC 718-40. Accordingly, the shares purchased by the ESOP are reported as Unearned ESOP shares
in the statement of financial position. As shares are released or committed-to-be-released, the Company reports compensation expense
equal to the current average market price of the shares, and the shares become outstanding for earnings-per-share (EPS) computations.
ESOP compensation expense was $102,448 and $89,578 for the three-month periods ended December 31, 2018 and 2017, respectively.
ESOP compensation expense was $203,809 and $179,038 for the six-month periods ended December 31, 2018 and 2017, respectively</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify; text-indent: 0in">The ESOP shares as
of December 31, 2018 and 2017 were as follows:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify; text-indent: 0in"> </p>
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<tr style="vertical-align: bottom">
<td style="white-space: nowrap"> </td><td style="padding-bottom: 1pt"> </td>
<td colspan="2" style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid">December 31, 2018</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td>
<td colspan="2" style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid">December 31, 2017</td><td style="padding-bottom: 1pt"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="width: 74%; text-align: justify; text-indent: 0in">     Allocated shares</td><td style="width: 1%"> </td>
<td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right">441,753</td><td style="white-space: nowrap; width: 1%; text-align: left"> </td><td style="width: 1%"> </td>
<td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right">443,198</td><td style="white-space: nowrap; width: 1%; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: White">
<td style="text-align: justify">     Committed-to-be-released shares</td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right">7,500</td><td style="white-space: nowrap; text-align: left"> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right">7,917</td><td style="white-space: nowrap; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="text-align: justify; padding-bottom: 1pt">     Unreleased shares</td><td style="padding-bottom: 1pt"> </td>
<td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">21,666</td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td>
<td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">37,083</td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: White">
<td style="text-align: justify"> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right"> </td><td style="white-space: nowrap; text-align: left"> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right"> </td><td style="white-space: nowrap; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="text-align: justify; padding-bottom: 2.5pt">     Total shares held by the ESOP</td><td style="padding-bottom: 2.5pt"> </td>
<td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">470,919</td><td style="white-space: nowrap; padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td>
<td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">488,198</td><td style="white-space: nowrap; padding-bottom: 2.5pt; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: White">
<td style="text-align: justify"> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right"> </td><td style="white-space: nowrap; text-align: left"> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right"> </td><td style="white-space: nowrap; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="padding-bottom: 2.5pt">     Fair value of unreleased shares</td><td style="padding-bottom: 2.5pt"> </td>
<td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">539,917</td><td style="white-space: nowrap; padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td>
<td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">888,509</td><td style="white-space: nowrap; padding-bottom: 2.5pt; text-align: left"> </td></tr>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 1in; text-indent: -1in"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">The Company may at times be required
to repurchase shares at the ESOP participants’ request at the fair market value. During the three and six months ended December
31, 2018 the Company did not repurchase any shares held by the ESOP. During the three and six months ended December 31, 2017 the
Company repurchased 4,798 shares previously held in the ESOP for $109,694.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">The ESOP allows for eligible participants
to take whole share distributions from the plan on specific dates in accordance with the provision of the plan.  Share distributions
from the ESOP during the six months ended December 31, 2018 and 2017 totaled 17,279 and 8,103, respectively.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify; text-indent: 0in">The ESOP shares as
of December 31, 2018 and 2017 were as follows:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify; text-indent: 0in"> </p>
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<tr style="vertical-align: bottom">
<td style="white-space: nowrap"> </td><td style="padding-bottom: 1pt"> </td>
<td colspan="2" style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid">December 31, 2018</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td>
<td colspan="2" style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid">December 31, 2017</td><td style="padding-bottom: 1pt"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="width: 74%; text-align: justify; text-indent: 0in">     Allocated shares</td><td style="width: 1%"> </td>
<td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right">441,753</td><td style="white-space: nowrap; width: 1%; text-align: left"> </td><td style="width: 1%"> </td>
<td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right">443,198</td><td style="white-space: nowrap; width: 1%; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: White">
<td style="text-align: justify">     Committed-to-be-released shares</td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right">7,500</td><td style="white-space: nowrap; text-align: left"> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right">7,917</td><td style="white-space: nowrap; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="text-align: justify; padding-bottom: 1pt">     Unreleased shares</td><td style="padding-bottom: 1pt"> </td>
<td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">21,666</td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td>
<td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">37,083</td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: White">
<td style="text-align: justify"> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right"> </td><td style="white-space: nowrap; text-align: left"> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right"> </td><td style="white-space: nowrap; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="text-align: justify; padding-bottom: 2.5pt">     Total shares held by the ESOP</td><td style="padding-bottom: 2.5pt"> </td>
<td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">470,919</td><td style="white-space: nowrap; padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td>
<td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">488,198</td><td style="white-space: nowrap; padding-bottom: 2.5pt; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: White">
<td style="text-align: justify"> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right"> </td><td style="white-space: nowrap; text-align: left"> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right"> </td><td style="white-space: nowrap; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="padding-bottom: 2.5pt">     Fair value of unreleased shares</td><td style="padding-bottom: 2.5pt"> </td>
<td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">539,917</td><td style="white-space: nowrap; padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td>
<td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">888,509</td></tr></table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">As of December 31, 2018 and June 30,
2018, the remaining contractual maturities of available-for-sale securities were as follows:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"> </p>
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<tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
<td style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td colspan="6" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">Years to Maturity</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td colspan="2" style="white-space: nowrap; text-align: right; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
<td style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td colspan="2" style="white-space: nowrap; text-align: right; font: 10pt Times New Roman, Times, Serif">Less than</td><td style="font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td colspan="2" style="white-space: nowrap; text-align: right; font: 10pt Times New Roman, Times, Serif">One to</td><td style="font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td colspan="2" style="white-space: nowrap; text-align: right; font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
<td style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td colspan="2" style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">One Year</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid"> </td>
<td colspan="2" style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">Five Years</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid"> </td>
<td colspan="2" style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">Total</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
<td style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif"><u>December 31, 2018</u></td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td colspan="2" style="white-space: nowrap; text-align: right; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td colspan="2" style="white-space: nowrap; text-align: right; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td colspan="2" style="white-space: nowrap; text-align: right; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255); font: 10pt Times New Roman, Times, Serif">
<td style="width: 61%; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">Available-for-sale</td><td style="width: 1%; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="width: 1%; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td style="width: 10%; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">5,496,025</td><td style="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="width: 1%; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="width: 1%; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td style="width: 10%; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">292,120</td><td style="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="width: 1%; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="width: 1%; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td style="width: 10%; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">5,788,145</td><td style="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; background-color: White; font: 10pt Times New Roman, Times, Serif">
<td style="font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="text-align: right; font: 10pt Times New Roman, Times, Serif"> </td><td style="white-space: nowrap; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="text-align: right; font: 10pt Times New Roman, Times, Serif"> </td><td style="white-space: nowrap; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="text-align: right; font: 10pt Times New Roman, Times, Serif"> </td><td style="white-space: nowrap; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255); font: 10pt Times New Roman, Times, Serif">
<td style="text-decoration: underline; font: 10pt Times New Roman, Times, Serif">June 30, 2018</td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="text-align: right; font: 10pt Times New Roman, Times, Serif"> </td><td style="white-space: nowrap; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="text-align: right; font: 10pt Times New Roman, Times, Serif"> </td><td style="white-space: nowrap; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="text-align: right; font: 10pt Times New Roman, Times, Serif"> </td><td style="white-space: nowrap; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; background-color: White; font: 10pt Times New Roman, Times, Serif">
<td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">Available-for-sale</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">10,967,300</td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">553,406</td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">11,520,706</td></tr></table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The table below outlines the weighted average
assumptions that the Company used to calculate the fair value of each option award for the six months ended December 31, 2018 and
2017.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
<td style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; padding-left: 0"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td colspan="2" style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">December 31, 2018</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td colspan="2" style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">December 31, 2017</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
<td style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; padding-left: 0"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td colspan="2" style="white-space: nowrap; text-align: right; font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td colspan="2" style="white-space: nowrap; text-align: right; font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255); font: 10pt Times New Roman, Times, Serif">
<td style="width: 74%; text-align: justify; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Dividend yield</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif">3.68%</td><td style="white-space: nowrap; width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif">4.60%</td><td style="white-space: nowrap; width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; background-color: White; font: 10pt Times New Roman, Times, Serif">
<td style="text-align: justify; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Company’s expected volatility</td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="text-align: right; font: 10pt Times New Roman, Times, Serif">27.63%</td><td style="white-space: nowrap; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="text-align: right; font: 10pt Times New Roman, Times, Serif">23.97%</td><td style="white-space: nowrap; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255); font: 10pt Times New Roman, Times, Serif">
<td style="text-align: justify; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Risk-free interest rate</td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="text-align: right; font: 10pt Times New Roman, Times, Serif">2.70%</td><td style="white-space: nowrap; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="text-align: right; font: 10pt Times New Roman, Times, Serif">1.95%</td><td style="white-space: nowrap; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; background-color: White; font: 10pt Times New Roman, Times, Serif">
<td style="text-align: justify; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Expected term</td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="text-align: right; font: 10pt Times New Roman, Times, Serif">5.2 yrs</td><td style="white-space: nowrap; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="text-align: right; font: 10pt Times New Roman, Times, Serif">4.7 yrs</td><td style="white-space: nowrap; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255); font: 10pt Times New Roman, Times, Serif">
<td style="text-align: justify; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Weighted average fair value per share</td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="text-align: right; font: 10pt Times New Roman, Times, Serif"> </td><td style="white-space: nowrap; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="text-align: right; font: 10pt Times New Roman, Times, Serif"> </td><td style="white-space: nowrap; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; background-color: White; font: 10pt Times New Roman, Times, Serif">
<td style="text-align: justify; padding-left: 0; font: 10pt Times New Roman, Times, Serif">    of options granted during the period</td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td><td style="text-align: right; font: 10pt Times New Roman, Times, Serif">5.14</td><td style="white-space: nowrap; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td><td style="text-align: right; font: 10pt Times New Roman, Times, Serif">2.79</td></tr></table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">The following table summarizes stock
option activity during the six months ended December 31, 2018:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"> </p>
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; text-align: justify"> </td><td style="border-bottom: Black 1pt solid"> </td>
<td colspan="15" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid">Employee Stock Options Plan</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap"> </td><td> </td>
<td colspan="3" style="white-space: nowrap; text-align: center"> </td><td> </td>
<td colspan="3" style="white-space: nowrap; text-align: center"> </td><td> </td>
<td colspan="3" style="white-space: nowrap; text-align: center">Weighted</td><td> </td>
<td colspan="3" style="white-space: nowrap; text-align: center"> </td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap"> </td><td> </td>
<td colspan="3" style="white-space: nowrap; text-align: center">Number of</td><td> </td>
<td colspan="3" style="white-space: nowrap; text-align: center">Weighted</td><td> </td>
<td colspan="3" style="white-space: nowrap; text-align: center">Average</td><td> </td>
<td colspan="3" style="white-space: nowrap; text-align: center"> </td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap"> </td><td> </td>
<td colspan="3" style="white-space: nowrap; text-align: center">Shares</td><td> </td>
<td colspan="3" style="white-space: nowrap; text-align: center">Average</td><td> </td>
<td colspan="3" style="white-space: nowrap; text-align: center">Remaining</td><td> </td>
<td colspan="3" style="white-space: nowrap; text-align: center">Aggregate</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap"> </td><td> </td>
<td colspan="3" style="white-space: nowrap; text-align: center">Subject</td><td> </td>
<td colspan="3" style="white-space: nowrap; text-align: center">Exercise</td><td> </td>
<td colspan="3" style="white-space: nowrap; text-align: center">Contractual</td><td> </td>
<td colspan="3" style="white-space: nowrap; text-align: center">Intrinsic</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap"> </td><td style="border-bottom: Black 1pt solid"> </td>
<td colspan="3" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid">To Options</td><td style="border-bottom: Black 1pt solid"> </td>
<td colspan="3" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid">Price</td><td style="border-bottom: Black 1pt solid"> </td>
<td colspan="3" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid">Term</td><td style="border-bottom: Black 1pt solid"> </td>
<td colspan="3" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid">Value</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="width: 56%">Balance at July 1, 2018</td><td style="width: 1%"> </td>
<td style="width: 1%; text-align: left"> </td><td style="width: 8%; text-align: right">222,854</td><td style="white-space: nowrap; width: 1%; text-align: left"> </td><td style="width: 1%"> </td>
<td style="width: 1%; text-align: right; vertical-align: bottom">$</td><td style="width: 8%; text-align: right">24.29</td><td style="white-space: nowrap; width: 1%; text-align: left"> </td><td style="width: 1%"> </td>
<td style="width: 1%; text-align: left"> </td><td style="width: 8%; text-align: right">6.26</td><td style="white-space: nowrap; width: 1%; text-align: left"> </td><td style="width: 1%"> </td>
<td style="width: 1%; text-align: left"> </td><td style="width: 8%; text-align: right"> </td><td style="white-space: nowrap; width: 1%; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: White">
<td>Granted</td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right">55,089</td><td style="white-space: nowrap; text-align: left"> </td><td> </td>
<td style="text-align: right; vertical-align: bottom">$</td><td style="text-align: right">27.20</td><td style="white-space: nowrap; text-align: left"> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right">9.94</td><td style="white-space: nowrap; text-align: left"> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right"> </td><td style="white-space: nowrap; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td>Exercised</td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right">(9,199</td><td style="white-space: nowrap; text-align: left">)</td><td> </td>
<td style="text-align: right; vertical-align: bottom">$</td><td style="text-align: right">21.75</td><td style="white-space: nowrap; text-align: left"> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right">—</td><td style="white-space: nowrap; text-align: left"> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right"> </td><td style="white-space: nowrap; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: White">
<td style="text-align: left; padding-bottom: 1pt">Forfeited or expired</td><td style="border-bottom: Black 1pt solid"> </td>
<td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(1,555</td><td style="white-space: nowrap; border-bottom: Black 1pt solid; text-align: left">)</td><td style="border-bottom: Black 1pt solid"> </td>
<td style="border-bottom: Black 1pt solid; text-align: right; vertical-align: bottom">$</td><td style="border-bottom: Black 1pt solid; text-align: right">25.19</td><td style="white-space: nowrap; border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td>
<td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">—</td><td style="white-space: nowrap; border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td>
<td style="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid"> </td><td style="padding-bottom: 1pt; text-align: right; border-bottom: Black 1pt solid"> </td><td style="white-space: nowrap; border-bottom: Black 1pt solid; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="padding-bottom: 2.5pt">Outstanding at December 31, 2018</td><td style="border-bottom: Black 2.5pt double"> </td>
<td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">267,189</td><td style="white-space: nowrap; border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td>
<td style="border-bottom: Black 2.5pt double; text-align: right; vertical-align: bottom">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">24.97</td><td style="white-space: nowrap; border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td>
<td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">6.71</td><td style="white-space: nowrap; border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td>
<td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">282,645</td><td style="white-space: nowrap; border-bottom: Black 2.5pt double; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: White">
<td style="text-align: left; padding-bottom: 2.5pt">Vested or expected to vest at December 31, 2018</td><td style="border-bottom: Black 2.5pt double"> </td>
<td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">251,262</td><td style="white-space: nowrap; border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td>
<td style="border-bottom: Black 2.5pt double; text-align: right; vertical-align: bottom">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">24.98</td><td style="white-space: nowrap; border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td>
<td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">6.54</td><td style="white-space: nowrap; border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td>
<td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">260,376</td><td style="white-space: nowrap; border-bottom: Black 2.5pt double; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="padding-bottom: 2.5pt">Exercisable at December 31, 2018</td><td style="border-bottom: Black 2.5pt double"> </td>
<td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">161,650</td><td style="white-space: nowrap; border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td>
<td style="border-bottom: Black 2.5pt double; text-align: right; vertical-align: bottom">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">25.09</td><td style="white-space: nowrap; border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td>
<td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">4.95</td><td style="white-space: nowrap; border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td>
<td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">132,566</td></tr></table>
69010
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Note 6. Recently Issued Accounting Standards</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Recent Accounting Pronouncements Adopted</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Effective July 1, 2018, we adopted Financial
Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC) 606 “Revenue from Contracts
with Customers”, which requires entities to assess the products or services promised in contracts with customers at contract
inception to determine the appropriate unit at which to record revenues.  Revenue is recognized when control of the promised
products or services is transferred to customers at an amount that reflects the consideration to which the entity expects to be
entitled to in exchange for those products or services. We adopted ASC 606 using the modified retrospective method, which means,
using the allowed practical expedient, we applied the new standard to open contracts at June 30, 2018.  We reviewed remaining
obligations as of the effective date and determined no adjustment was required to the opening balance of retained earnings. 
Under the modified retrospective method, prior period revenue is not restated for comparative periods.  As a result of the
adoption, we reclassified customer advance payments from inventory to contract liabilities.  Contract liabilities were $6,054
and $102,924 as of December 31, 2018 and June 30, 2018, respectively.  The decrease in contract liabilities is due to the
recognition of revenue related to certain amounts previously collected and included in contract liabilities. The company used the
practical expedient to expense incremental costs incurred to obtain a contract when the contract term is less than one year.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Significant judgment is required in determining
the satisfaction of performance obligations.  Revenues from our performance obligations are satisfied over time using the
output method which considers the appraisal of results achieved and milestones reached or units delivered based on contractual
shipment terms, typically shipping point.  Revenue is recognized when the customer takes control of the product or services. 
The output method best depicts the transfer of control to the customer as the output method represents work completed. Control
is typically transferred to the customer at shipping point as the company has a present right to payment, the customer has legal
title to the asset, the customer has the significant risks and rewards of ownership of the asset, and in most instances the customer
has accepted the asset.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #1F497D"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Total revenue recognized for the three and
six months ended December 31, 2018 based on units delivered totaled $6,020,415 and $12,873,185, respectively, compared to $10,403,395
and $17,470,048 for the same periods in 2017.  Total revenue recognized for the three and six months ended December 31, 2018
based on milestones achieved totaled $1,282,694 and $2,767,323, respectively, compared to $1,127,710 and $1,557,480 for the same
periods in 2017.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The company offers a standard one-year product
warranty. Product warranties offered by the company are classified as assurance-type warranties, which means, the warranty only
guarantees that the good or service functions as promised. Based on this, the provided warranty is not considered to be a distinct
performance obligation.  The impact of variable consideration has been considered but none identified which would be required
to be allocated to the transaction price as of December 31, 2018.  Our payment terms are generally 30-60 days. </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The company estimates that approximately $11.5
million of the company’s backlog at December 31, 2018 will be recognized after December 31, 2019.   Estimated shipments
of this backlog are expected in the following fiscal years: 40% in 2020; 38% in 2021, and 22% in 2022.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Prior to the adoption of ASC 606, we recognized
the majority of our revenues in accordance with ASC Topic 605 “Revenue Recognition<i>”</i>.  Under this method,
product sales were recognized based upon the terms which transferred title and risk of loss at a specified location, typically
the shipping point, and sales under development contracts, were recognized using the milestone method of accounting.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Recent Accounting Pronouncements Not Yet Adopted</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">In February 2018, the FASB issued ASU
No. 2018-02, “Income Statement—Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects
from Accumulated Other Comprehensive Income”. Under current accounting guidance, the income tax effects for changes in income
tax rates and certain other transactions are recognized in income from continuing operations resulting in income tax effects recognized
in Accumulated Other Comprehensive Income that do not reflect the current tax rate of the entity (“stranded tax effects”).
The new guidance allows the Company the option to reclassify these stranded tax effects to retained earnings that relate to the
change in the federal tax rate resulting from the passage of the Tax Cuts and Jobs Act (the “Tax Act”). This update
is effective for fiscal years beginning after December 15, 2018, including interim periods therein, and early adoption is permitted.
The Company is evaluating the impact that ASU No. 2018-02 will have on the Company's financial statements.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In August 2018, the FASB issued ASU No. 2018-13,
“Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement.”  This
ASU is part of the FASB’s larger disclosure framework project intended to improve the effectiveness of financial statement
footnote disclosure.  ASU 2018-13 modifies required fair value disclosures related primarily to level 3 investments.  This
ASU is effective for annual periods beginning after December 15, 2019 and interim periods within those annual periods.  The
adoption of ASU 2018-13 is not expected to have a material effect on the Company’s consolidated financial position, results
of operations, and cash flows.</p>
40% in 2020; 38% in 2021, and 22% in 2022.
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0.5in 6pt 0; text-align: justify">Note 2. Investment Securities</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">ASC 820 establishes a fair value hierarchy
which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair
value. The standard describes three levels of inputs that may be used to measure fair value:</p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><tr style="vertical-align: top">
<td style="width: 22.5pt"></td><td style="width: 13.5pt"><font style="font-family: Wingdings">§</font></td><td style="text-align: justify">Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that
the entity has the ability to access as of the measurement date.</td></tr></table>
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><tr style="vertical-align: top">
<td style="width: 22.5pt"></td><td style="width: 13.5pt"><font style="font-family: Wingdings">§</font></td><td style="text-align: justify">Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for
similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated
by observable market data.</td></tr></table>
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><tr style="vertical-align: top">
<td style="width: 22.3pt"></td><td style="width: 13.7pt"><font style="font-family: Wingdings">§</font></td><td style="text-align: justify">Level 3: Significant unobservable inputs that reflect a reporting entity’s own assumptions
about the assumptions that market participants would use in pricing an asset or liability.</td></tr></table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">The carrying amounts of financial instruments,
including cash and cash equivalents, short term investment securities, accounts receivable, accounts payable and accrued expenses,
approximated fair value as of December 31, 2018 and June 30, 2018 because of the immediate or short-term maturity of these financial
instruments.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">Investment securities at December 31,
2018 and June 30, 2018 consist of certificates of deposit and municipal bonds which are classified as available-for-sale securities
and have been determined to be level 1 assets. The cost, gross unrealized gains, gross unrealized losses and fair value of available-for-sale
securities by major security type at December 31, 2018 and June 30, 2018 are as follows:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
<td style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td colspan="2" style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom"> </td>
<td colspan="2" style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom">Gross</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom"> </td>
<td colspan="2" style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom">Gross</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom"> </td>
<td colspan="2" style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
<td style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td colspan="2" style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom">Amortized</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom"> </td>
<td colspan="2" style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom">Unrealized</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom"> </td>
<td colspan="2" style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom">Unrealized</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom"> </td>
<td colspan="2" style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom">Fair</td><td style="font: 10pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
<td style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td colspan="2" style="white-space: nowrap; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom">Cost</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom"> </td>
<td colspan="2" style="white-space: nowrap; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom">Gains</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom"> </td>
<td colspan="2" style="white-space: nowrap; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom">Losses</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom"> </td>
<td colspan="2" style="white-space: nowrap; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom">Value</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
<td style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif"><u>December 31, 2018</u></td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td colspan="2" style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td colspan="2" style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td colspan="2" style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td colspan="2" style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255); font: 10pt Times New Roman, Times, Serif">
<td style="width: 48%; font: 10pt Times New Roman, Times, Serif">Certificates of deposit</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">$</td><td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif">5,198,627</td><td style="white-space: nowrap; width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">$</td><td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif">—</td><td style="white-space: nowrap; width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">$</td><td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif">—</td><td style="white-space: nowrap; width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">$</td><td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif">5,198,627</td><td style="white-space: nowrap; width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; background-color: White; font: 10pt Times New Roman, Times, Serif">
<td style="text-align: left; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">Municipal bonds    </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">591,713</td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">252</td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(2,447</td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">589,518</td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255); font: 10pt Times New Roman, Times, Serif">
<td style="text-align: left; padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">Total investment securities   </td><td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">5,790,340</td><td style="white-space: nowrap; padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">252</td><td style="white-space: nowrap; padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">(2,447</td><td style="white-space: nowrap; padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td><td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">5,788,145</td><td style="white-space: nowrap; padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; background-color: White; font: 10pt Times New Roman, Times, Serif">
<td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><u>June 30, 2018</u></td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif"> </td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif"> </td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif"> </td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif"> </td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255); font: 10pt Times New Roman, Times, Serif">
<td style="font: 10pt Times New Roman, Times, Serif">Certificates of deposit    </td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td><td style="text-align: right; font: 10pt Times New Roman, Times, Serif">10,440,000</td><td style="white-space: nowrap; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td><td style="text-align: right; font: 10pt Times New Roman, Times, Serif">—</td><td style="white-space: nowrap; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td><td style="text-align: right; font: 10pt Times New Roman, Times, Serif">—</td><td style="white-space: nowrap; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td><td style="text-align: right; font: 10pt Times New Roman, Times, Serif">10,440,000</td><td style="white-space: nowrap; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; background-color: White; font: 10pt Times New Roman, Times, Serif">
<td style="text-align: left; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">Municipal bonds     </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">1,085,754</td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">635</td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(5,683</td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">1,080,706</td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255); font: 10pt Times New Roman, Times, Serif">
<td style="text-align: left; padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">Total investment securities   </td><td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">11,525,754</td><td style="white-space: nowrap; padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">635</td><td style="white-space: nowrap; padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">(5,683</td><td style="white-space: nowrap; padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td><td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">11,520,706</td><td style="white-space: nowrap; padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">The portfolio is diversified and highly
liquid and primarily consists of investment grade fixed income instruments. At December 31, 2018, the Company did not have any
investments in individual securities that have been in a continuous loss position considered to be other than temporary.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">As of December 31, 2018 and June 30,
2018, the remaining contractual maturities of available-for-sale securities were as follows:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"> </p>
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
<td style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td colspan="6" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">Years to Maturity</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td colspan="2" style="white-space: nowrap; text-align: right; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
<td style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td colspan="2" style="white-space: nowrap; text-align: right; font: 10pt Times New Roman, Times, Serif">Less than</td><td style="font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td colspan="2" style="white-space: nowrap; text-align: right; font: 10pt Times New Roman, Times, Serif">One to</td><td style="font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td colspan="2" style="white-space: nowrap; text-align: right; font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
<td style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td colspan="2" style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">One Year</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid"> </td>
<td colspan="2" style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">Five Years</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid"> </td>
<td colspan="2" style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">Total</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
<td style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif"><u>December 31, 2018</u></td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td colspan="2" style="white-space: nowrap; text-align: right; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td colspan="2" style="white-space: nowrap; text-align: right; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td colspan="2" style="white-space: nowrap; text-align: right; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255); font: 10pt Times New Roman, Times, Serif">
<td style="width: 61%; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">Available-for-sale</td><td style="width: 1%; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="width: 1%; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td style="width: 10%; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">5,496,025</td><td style="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="width: 1%; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="width: 1%; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td style="width: 10%; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">292,120</td><td style="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="width: 1%; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="width: 1%; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td style="width: 10%; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">5,788,145</td><td style="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; background-color: White; font: 10pt Times New Roman, Times, Serif">
<td style="font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="text-align: right; font: 10pt Times New Roman, Times, Serif"> </td><td style="white-space: nowrap; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="text-align: right; font: 10pt Times New Roman, Times, Serif"> </td><td style="white-space: nowrap; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="text-align: right; font: 10pt Times New Roman, Times, Serif"> </td><td style="white-space: nowrap; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255); font: 10pt Times New Roman, Times, Serif">
<td style="text-decoration: underline; font: 10pt Times New Roman, Times, Serif">June 30, 2018</td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="text-align: right; font: 10pt Times New Roman, Times, Serif"> </td><td style="white-space: nowrap; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="text-align: right; font: 10pt Times New Roman, Times, Serif"> </td><td style="white-space: nowrap; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="text-align: right; font: 10pt Times New Roman, Times, Serif"> </td><td style="white-space: nowrap; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; background-color: White; font: 10pt Times New Roman, Times, Serif">
<td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">Available-for-sale</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">10,967,300</td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">553,406</td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">11,520,706</td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">Investment securities at December 31,
2018 and June 30, 2018 consist of certificates of deposit and municipal bonds which are classified as available-for-sale securities
and have been determined to be level 1 assets. The cost, gross unrealized gains, gross unrealized losses and fair value of available-for-sale
securities by major security type at December 31, 2018 and June 30, 2018 are as follows:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
<td style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td colspan="2" style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom"> </td>
<td colspan="2" style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom">Gross</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom"> </td>
<td colspan="2" style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom">Gross</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom"> </td>
<td colspan="2" style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
<td style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td colspan="2" style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom">Amortized</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom"> </td>
<td colspan="2" style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom">Unrealized</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom"> </td>
<td colspan="2" style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom">Unrealized</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom"> </td>
<td colspan="2" style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom">Fair</td><td style="font: 10pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
<td style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td colspan="2" style="white-space: nowrap; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom">Cost</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom"> </td>
<td colspan="2" style="white-space: nowrap; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom">Gains</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom"> </td>
<td colspan="2" style="white-space: nowrap; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom">Losses</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom"> </td>
<td colspan="2" style="white-space: nowrap; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right; vertical-align: bottom">Value</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
<td style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif"><u>December 31, 2018</u></td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td colspan="2" style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td colspan="2" style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td colspan="2" style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td colspan="2" style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255); font: 10pt Times New Roman, Times, Serif">
<td style="width: 48%; font: 10pt Times New Roman, Times, Serif">Certificates of deposit</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">$</td><td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif">5,198,627</td><td style="white-space: nowrap; width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">$</td><td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif">—</td><td style="white-space: nowrap; width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">$</td><td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif">—</td><td style="white-space: nowrap; width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">$</td><td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif">5,198,627</td><td style="white-space: nowrap; width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; background-color: White; font: 10pt Times New Roman, Times, Serif">
<td style="text-align: left; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">Municipal bonds    </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">591,713</td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">252</td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(2,447</td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">589,518</td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255); font: 10pt Times New Roman, Times, Serif">
<td style="text-align: left; padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">Total investment securities   </td><td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">5,790,340</td><td style="white-space: nowrap; padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">252</td><td style="white-space: nowrap; padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">(2,447</td><td style="white-space: nowrap; padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td><td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">5,788,145</td><td style="white-space: nowrap; padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; background-color: White; font: 10pt Times New Roman, Times, Serif">
<td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><u>June 30, 2018</u></td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif"> </td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif"> </td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif"> </td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; text-align: right; font: 10pt Times New Roman, Times, Serif"> </td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255); font: 10pt Times New Roman, Times, Serif">
<td style="font: 10pt Times New Roman, Times, Serif">Certificates of deposit    </td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td><td style="text-align: right; font: 10pt Times New Roman, Times, Serif">10,440,000</td><td style="white-space: nowrap; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td><td style="text-align: right; font: 10pt Times New Roman, Times, Serif">—</td><td style="white-space: nowrap; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td><td style="text-align: right; font: 10pt Times New Roman, Times, Serif">—</td><td style="white-space: nowrap; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td><td style="text-align: right; font: 10pt Times New Roman, Times, Serif">10,440,000</td><td style="white-space: nowrap; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; background-color: White; font: 10pt Times New Roman, Times, Serif">
<td style="text-align: left; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">Municipal bonds     </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">1,085,754</td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">635</td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(5,683</td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">1,080,706</td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255); font: 10pt Times New Roman, Times, Serif">
<td style="text-align: left; padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">Total investment securities   </td><td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">11,525,754</td><td style="white-space: nowrap; padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">635</td><td style="white-space: nowrap; padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">(5,683</td><td style="white-space: nowrap; padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td><td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">11,520,706</td><td style="white-space: nowrap; padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">Note 4. Stock Based Compensation</p>
<p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"><font style="font-weight: normal; font-style: normal">The
Company follows ASC 718 in establishing standards for the accounting for transactions in which an entity exchanges its equity instruments
for goods or services, as well as transactions in which an entity incurs liabilities in exchange for goods or services that are
based on the fair value of the entity’s equity instruments or that may be settled by the issuance of those equity instruments.
ASC 718 requires that the cost resulting from all share-based payment transactions be recognized in the financial statements based
on the fair value of the share-based payment. ASC 718 establishes fair value as the measurement objective in accounting for share-based
payment transactions with employees, except for equity instruments held by employee share ownership plans. </font></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">Total stock-based compensation expense
recognized in the statements of comprehensive income for the three-month periods ended December 31, 2018 and 2017 was $40,504 and
$29,048, respectively, before income taxes. The related total deferred tax benefits were approximately $2,246 and $1,602 for the
same periods. Total stock-based compensation expense recognized in the statements of comprehensive income for the six-month periods
ended December, 2018 and 2017, was $77,876 and $50,470, respectively, before income taxes. The related total deferred tax benefits
were approximately $4,280 and $2,771 for the same periods.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">As of December 31, 2018, there was approximately
$292,100 of unrecognized compensation cost related to stock option awards that is expected to be recognized as expense over the
next 2.00 years. The total deferred tax benefit related to these awards is expected to be approximately $16,128.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has one employee stock option plan
under which options or stock awards may be granted, the 2017 Stock Option and Restricted Stock Plan (the "2017 Plan").
The Board of Directors may grant options to acquire shares of common stock to employees and non-employee directors of the Company
at the fair market value of the common stock on the date of grant. The maximum aggregate number of shares of Common Stock subject
to options or awards to non-employee directors is 133,000 and the maximum aggregate number of shares of Common Stock subject to
options or awards granted to non-employee directors during any single fiscal year is the lesser of 13,300 and 33 1/3% of the total
number of shares subject to options or awards granted in such fiscal year. The maximum number of shares subject to options or awards
granted to any individual employee may not exceed 15,000 in a fiscal year. Generally, options granted have a two-year vesting period
based on two years of continuous service and have a ten-year contractual life. Option grants provide for accelerated vesting if
there is a change in control. Shares issued upon the exercise of options are from those held in Treasury. Options covering 400,000
shares are authorized for issuance under the 2017 plan, of which 109,804 have been granted as of December 31, 2018. While no further
grants of options may be made under the Company’s 2007 Stock Option and Restricted Stock Plan, as of December 31, 2018, 161,650
options were outstanding under such plan of which are all vested and exercisable.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">ASC 718 requires the use of a valuation model
to calculate the fair value of stock-based awards. The Company has elected to use the Black-Scholes option valuation model, which
incorporates various assumptions including those for dividend yield, volatility, expected life and interest rates.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The table below outlines the weighted average
assumptions that the Company used to calculate the fair value of each option award for the six months ended December 31, 2018 and
2017.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
<td style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; padding-left: 0"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td colspan="2" style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">December 31, 2018</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td>
<td colspan="2" style="white-space: nowrap; text-align: right; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">December 31, 2017</td><td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
<td style="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; padding-left: 0"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td colspan="2" style="white-space: nowrap; text-align: right; font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td colspan="2" style="white-space: nowrap; text-align: right; font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255); font: 10pt Times New Roman, Times, Serif">
<td style="width: 74%; text-align: justify; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Dividend yield</td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif">3.68%</td><td style="white-space: nowrap; width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="width: 1%; font: 10pt Times New Roman, Times, Serif"> </td>
<td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif">4.60%</td><td style="white-space: nowrap; width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; background-color: White; font: 10pt Times New Roman, Times, Serif">
<td style="text-align: justify; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Company’s expected volatility</td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="text-align: right; font: 10pt Times New Roman, Times, Serif">27.63%</td><td style="white-space: nowrap; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="text-align: right; font: 10pt Times New Roman, Times, Serif">23.97%</td><td style="white-space: nowrap; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255); font: 10pt Times New Roman, Times, Serif">
<td style="text-align: justify; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Risk-free interest rate</td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="text-align: right; font: 10pt Times New Roman, Times, Serif">2.70%</td><td style="white-space: nowrap; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="text-align: right; font: 10pt Times New Roman, Times, Serif">1.95%</td><td style="white-space: nowrap; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; background-color: White; font: 10pt Times New Roman, Times, Serif">
<td style="text-align: justify; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Expected term</td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="text-align: right; font: 10pt Times New Roman, Times, Serif">5.2 yrs</td><td style="white-space: nowrap; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="text-align: right; font: 10pt Times New Roman, Times, Serif">4.7 yrs</td><td style="white-space: nowrap; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255); font: 10pt Times New Roman, Times, Serif">
<td style="text-align: justify; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Weighted average fair value per share</td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="text-align: right; font: 10pt Times New Roman, Times, Serif"> </td><td style="white-space: nowrap; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="text-align: right; font: 10pt Times New Roman, Times, Serif"> </td><td style="white-space: nowrap; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; background-color: White; font: 10pt Times New Roman, Times, Serif">
<td style="text-align: justify; padding-left: 0; font: 10pt Times New Roman, Times, Serif">    of options granted during the period</td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td><td style="text-align: right; font: 10pt Times New Roman, Times, Serif">5.14</td><td style="white-space: nowrap; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td><td style="text-align: right; font: 10pt Times New Roman, Times, Serif">2.79</td><td style="white-space: nowrap; text-align: left; font: 10pt Times New Roman, Times, Serif"> </td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company declares regular dividends
quarterly and declared and paid regular cash dividends of $0.50 per share and a special cash dividend of $1.00 per share for
the six months ended December 31, 2018. The company declared and paid regular cash dividends of $0.50 per share for the six
months ended December 31, 2017. Expected stock price volatility is based on the historical volatility of the Company’s
stock. The risk-free interest rate is based on the implied yield available on U.S. Treasury issues with an equivalent term
approximating the expected life of the options. The expected option life (in years) represents the estimated period of time
until exercise and is based on actual historical experience.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">The following table summarizes stock
option activity during the six months ended December 31, 2018:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"> </p>
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; text-align: justify"> </td><td style="border-bottom: Black 1pt solid"> </td>
<td colspan="15" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid">Employee Stock Options Plan</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap"> </td><td> </td>
<td colspan="3" style="white-space: nowrap; text-align: center"> </td><td> </td>
<td colspan="3" style="white-space: nowrap; text-align: center"> </td><td> </td>
<td colspan="3" style="white-space: nowrap; text-align: center">Weighted</td><td> </td>
<td colspan="3" style="white-space: nowrap; text-align: center"> </td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap"> </td><td> </td>
<td colspan="3" style="white-space: nowrap; text-align: center">Number of</td><td> </td>
<td colspan="3" style="white-space: nowrap; text-align: center">Weighted</td><td> </td>
<td colspan="3" style="white-space: nowrap; text-align: center">Average</td><td> </td>
<td colspan="3" style="white-space: nowrap; text-align: center"> </td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap"> </td><td> </td>
<td colspan="3" style="white-space: nowrap; text-align: center">Shares</td><td> </td>
<td colspan="3" style="white-space: nowrap; text-align: center">Average</td><td> </td>
<td colspan="3" style="white-space: nowrap; text-align: center">Remaining</td><td> </td>
<td colspan="3" style="white-space: nowrap; text-align: center">Aggregate</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap"> </td><td> </td>
<td colspan="3" style="white-space: nowrap; text-align: center">Subject</td><td> </td>
<td colspan="3" style="white-space: nowrap; text-align: center">Exercise</td><td> </td>
<td colspan="3" style="white-space: nowrap; text-align: center">Contractual</td><td> </td>
<td colspan="3" style="white-space: nowrap; text-align: center">Intrinsic</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap"> </td><td style="border-bottom: Black 1pt solid"> </td>
<td colspan="3" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid">To Options</td><td style="border-bottom: Black 1pt solid"> </td>
<td colspan="3" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid">Price</td><td style="border-bottom: Black 1pt solid"> </td>
<td colspan="3" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid">Term</td><td style="border-bottom: Black 1pt solid"> </td>
<td colspan="3" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid">Value</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="width: 56%">Balance at July 1, 2018</td><td style="width: 1%"> </td>
<td style="width: 1%; text-align: left"> </td><td style="width: 8%; text-align: right">222,854</td><td style="white-space: nowrap; width: 1%; text-align: left"> </td><td style="width: 1%"> </td>
<td style="width: 1%; text-align: right; vertical-align: bottom">$</td><td style="width: 8%; text-align: right">24.29</td><td style="white-space: nowrap; width: 1%; text-align: left"> </td><td style="width: 1%"> </td>
<td style="width: 1%; text-align: left"> </td><td style="width: 8%; text-align: right">6.26</td><td style="white-space: nowrap; width: 1%; text-align: left"> </td><td style="width: 1%"> </td>
<td style="width: 1%; text-align: left"> </td><td style="width: 8%; text-align: right"> </td><td style="white-space: nowrap; width: 1%; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: White">
<td>Granted</td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right">55,089</td><td style="white-space: nowrap; text-align: left"> </td><td> </td>
<td style="text-align: right; vertical-align: bottom">$</td><td style="text-align: right">27.20</td><td style="white-space: nowrap; text-align: left"> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right">9.94</td><td style="white-space: nowrap; text-align: left"> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right"> </td><td style="white-space: nowrap; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td>Exercised</td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right">(9,199</td><td style="white-space: nowrap; text-align: left">)</td><td> </td>
<td style="text-align: right; vertical-align: bottom">$</td><td style="text-align: right">21.75</td><td style="white-space: nowrap; text-align: left"> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right">—</td><td style="white-space: nowrap; text-align: left"> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right"> </td><td style="white-space: nowrap; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: White">
<td style="text-align: left; padding-bottom: 1pt">Forfeited or expired</td><td style="border-bottom: Black 1pt solid"> </td>
<td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(1,555</td><td style="white-space: nowrap; border-bottom: Black 1pt solid; text-align: left">)</td><td style="border-bottom: Black 1pt solid"> </td>
<td style="border-bottom: Black 1pt solid; text-align: right; vertical-align: bottom">$</td><td style="border-bottom: Black 1pt solid; text-align: right">25.19</td><td style="white-space: nowrap; border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td>
<td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">—</td><td style="white-space: nowrap; border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td>
<td style="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid"> </td><td style="padding-bottom: 1pt; text-align: right; border-bottom: Black 1pt solid"> </td><td style="white-space: nowrap; border-bottom: Black 1pt solid; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="padding-bottom: 2.5pt">Outstanding at December 31, 2018</td><td style="border-bottom: Black 2.5pt double"> </td>
<td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">267,189</td><td style="white-space: nowrap; border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td>
<td style="border-bottom: Black 2.5pt double; text-align: right; vertical-align: bottom">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">24.97</td><td style="white-space: nowrap; border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td>
<td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">6.71</td><td style="white-space: nowrap; border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td>
<td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">282,645</td><td style="white-space: nowrap; border-bottom: Black 2.5pt double; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: White">
<td style="text-align: left; padding-bottom: 2.5pt">Vested or expected to vest at December 31, 2018</td><td style="border-bottom: Black 2.5pt double"> </td>
<td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">251,262</td><td style="white-space: nowrap; border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td>
<td style="border-bottom: Black 2.5pt double; text-align: right; vertical-align: bottom">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">24.98</td><td style="white-space: nowrap; border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td>
<td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">6.54</td><td style="white-space: nowrap; border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td>
<td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">260,376</td><td style="white-space: nowrap; border-bottom: Black 2.5pt double; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="padding-bottom: 2.5pt">Exercisable at December 31, 2018</td><td style="border-bottom: Black 2.5pt double"> </td>
<td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">161,650</td><td style="white-space: nowrap; border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td>
<td style="border-bottom: Black 2.5pt double; text-align: right; vertical-align: bottom">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">25.09</td><td style="white-space: nowrap; border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td>
<td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">4.95</td><td style="white-space: nowrap; border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td>
<td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">132,566</td><td style="white-space: nowrap; border-bottom: Black 2.5pt double; text-align: left"> </td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt"><font style="text-underline-style: double"> </font></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">The aggregate intrinsic value in the
table above represents the total pretax intrinsic value (the difference between the closing sale price of the Company’s common
stock as reported on the NYSE American on December 31, 2018 and the exercise price, multiplied by the number of in-the-money options)
that would have been received by the option holders if all option holders had exercised their options on December 31, 2018. This
amount changes based on the fair market value of the Company’s common stock. The total intrinsic values of the options exercised
during the six months ended December 31, 2018 and 2017 were $64,420 and $0, respectively.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">The following table summarizes changes in non-vested stock
options during the six months ended December 31, 2018:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt"> </p>
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<tr style="vertical-align: bottom">
<td style="white-space: nowrap"> </td><td> </td>
<td colspan="3" style="white-space: nowrap; text-align: center">Number</td><td> </td>
<td colspan="3" style="white-space: nowrap; text-align: center">Weighted Average</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap"> </td><td> </td>
<td colspan="3" style="white-space: nowrap; text-align: center">of Shares</td><td> </td>
<td colspan="3" style="white-space: nowrap; text-align: center">Grant Date Fair</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap"> </td><td style="border-bottom: Black 1pt solid"> </td>
<td colspan="3" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid">Subject to Option</td><td style="border-bottom: Black 1pt solid"> </td>
<td colspan="3" style="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid">Value (per Option)</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="width: 78%">Non-vested at July 1, 2018</td><td style="width: 1%"> </td>
<td style="width: 1%; text-align: left"> </td><td style="width: 8%; text-align: right">87,605</td><td style="white-space: nowrap; width: 1%; text-align: left"> </td><td style="width: 1%"> </td>
<td style="width: 1%; text-align: right; vertical-align: bottom">$</td><td style="width: 8%; text-align: right">3.649</td><td style="white-space: nowrap; width: 1%; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: White">
<td>Granted</td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right">55,089</td><td style="white-space: nowrap; text-align: left"> </td><td> </td>
<td style="text-align: right; vertical-align: bottom">$</td><td style="text-align: right">5.133</td><td style="white-space: nowrap; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td>Vested</td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right">(36,350</td><td style="white-space: nowrap; text-align: left">)</td><td> </td>
<td style="text-align: right; vertical-align: bottom">$</td><td style="text-align: right">4.640</td><td style="white-space: nowrap; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: White">
<td style="text-align: left; padding-bottom: 1pt">Forfeited or expired</td><td style="border-bottom: Black 1pt solid"> </td>
<td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(805</td><td style="white-space: nowrap; border-bottom: Black 1pt solid; text-align: left">)</td><td style="border-bottom: Black 1pt solid"> </td>
<td style="border-bottom: Black 1pt solid; text-align: right; vertical-align: bottom">$</td><td style="border-bottom: Black 1pt solid; text-align: right">3.594</td><td style="white-space: nowrap; border-bottom: Black 1pt solid; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="padding-bottom: 2.5pt">Non-vested at December 31, 2018</td><td style="border-bottom: Black 2.5pt double"> </td>
<td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">105,539</td><td style="white-space: nowrap; border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td>
<td style="border-bottom: Black 2.5pt double; text-align: right; vertical-align: bottom">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">4.083</td><td style="white-space: nowrap; border-bottom: Black 2.5pt double; text-align: left"> </td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt"> </p>