Stock Based Compensation (Tables)

3 Months Ended

Sep. 30, 2023

Stock Based Compensation [Abstract]

Schedule of Outlines the Weighted Average Assumptions

The table below outlines the weighted average assumptions that the Company used to calculate the fair value of each option award for the three months ended September 30, 2023 and 2022.

	September 30, 2023		September 30, 2022
Dividend yield		3.63%		—
Company’s expected volatility		31.20%		27.10%
Risk-free interest rate		4.39%		2.66%
Expected term		5.3 yrs		5.4 yrs
Weighted average fair value per share of options granted during the period	$	4.03	$	4.11

Schedule of Stock Option Activity

The following table summarizes stock option activity during the three months ended September 30, 2023:

	Employee Stock Options Plan
						Weighted
	Number of			Weighted		Average
	Shares			Average		Remaining		Aggregate
	Subject			Exercise		Contractual		Intrinsic
	to Option			Price		Term		Value
Balance at July 1, 2023		296,331		$	19.15		6.49
Granted		78,400		$	16.54		9.95
Exercised		(4,000	)	$	14.87		—
Forfeited or expired		(15,400	)	$	27.22		—
Outstanding at September 30, 2023		355,331		$	18.27		7.32	$	255,363
Vested or expected to vest at September 30, 2023		328,697		$	18.53		7.14	$	196,739
Exercisable at September 30, 2023		196,131		$	20.79		5.65	$	62,224

Schedule of Changes in Non-Vested Stock Options

The following table summarizes changes in non-vested stock options during the three months ended September 30, 2023:

	Weighted Number			Average
	of Shares			Grant Date
	Subject			Fair Value
	to Option			(per Option)
Non-vested at July 1, 2023		132,600		$	3.98
Granted		78,400		$	4.03
Vested		(51,800	)	$	3.73
Forfeited or expired		—			—
Non-vested at September 30, 2023		159,200		$	4.09