Stock Options (Tables)

3 Months Ended

Sep. 30, 2019

2012 Employee Stock Option Plan [Member]

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The fair value of each option granted during the three months ended September 30 was estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions:

	2019		2018
Risk-free interest rates	2.10	%	3.00	%
Expected lives	10	years	10	years
Expected volatility	46	%	52	%
Expected dividend yields	0	%	0	%

Schedule of Share-based Compensation, Stock Options, Activity

The following table reflects activity under the 2012 Employee Plan for the three months ended September 30,:

	2019				2018
			Weighted average				Weighted average
	Options		exercise price		Options		exercise price
Outstanding, beginning of year		72,500	$	11.01		57,200	$	7.09
Granted		8,000		26.06		4,000		15.30
Exercised		—		—		(2,500)		6.31
Outstanding, end of period		80,500	$	12.51		58,700	$	7.68
Exercisable, end of period		35,400	$	8.62		27,900	$	6.57
Weighted average fair value at grant date of options granted	$	15.17			$	5.67
Total intrinsic value of options exercised	$	—			$	25,000
Total intrinsic value of options outstanding	$	1,052,000			$	313,000
Total intrinsic value of options exercisable	$	599,000			$	210,000

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range

The following table summarizes information about stock options outstanding under the 2012 Employee Plan at September 30, 2019:

	Options outstanding				Options exercisable
		Weighted average
	Number	remaining	Weighted average		Number	Weighted average
Range of exercise prices	outstanding	contractual life	exercise price		exercisable	exercise price
$4.37‑$26.06	80,500	7.6	$	12.51	35,400	$	8.62
	80,500	7.6	$	12.51	35,400	$	8.62

2012 Non-Employee Stock Option Plan [Member]

Schedule of Share-based Compensation, Stock Options, Activity

The following table reflects activity under the 2012 Non-Employee Plan for the three months ended September 30,:

	2019				2018
			Weighted average				Weighted average
	Options		exercise price		Options		exercise price
Outstanding, beginning of year		10,200	$	7.99		27,800	$	6.85
Granted		—		—		—		—
Terminated/Lapsed		—		—		—		—
Exercised		—		—		—		—
Outstanding, end of period		10,200	$	7.99		27,800	$	6.85
Exercisable, end of period		3,000	$	6.27		13,800	$	5.61
Weighted average fair value at grant date of options granted		n/a				n/a
Total intrinsic value of options exercised		n/a				n/a
Total intrinsic value of options outstanding	$	179,000			$	225,000
Total intrinsic value of options exercisable	$	58,000			$	129,000

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range

The following table summarizes information about stock options outstanding under the 2012 Non-Employee Plan at September 30, 2019:

	Options outstanding				Options exercisable
		Weighted average	Weighted			Weighted
	Number	remaining	average exercise		Number	average exercise
Range of exercise prices	outstanding	contractual life	price		exercisable	price
$4.37 - $8.70	10,200	7.5	$	7.99	3,000	$	6.27
	10,200	7.5	$	7.99	3,000	$	6.27

2018 Non-Employee Stock Option Plan

Schedule of Share-based Compensation, Stock Options, Activity

The following table reflects activity under the 2018 Non-Employee Plan for the three months ended September 30,:

	2019				2018
			Weighted average			Weighted average
	Options		exercise price		Options	exercise price
Outstanding, beginning of year		15,200	$	16.20	—	$	—
Granted		—		—	—		—
Terminated/Lapsed		—		—	—		—
Exercised		—		—	—		—
Outstanding, end of period		15,200	$	16.20	—	$	—
Exercisable, end of period		2,400	$	16.20	—	$	—
Weighted average fair value at grant date of options granted		n/a			n/a
Total intrinsic value of options exercised		n/a			n/a
Total intrinsic value of options outstanding	$	142,000			n/a
Total intrinsic value of options exercisable	$	22,000			n/a

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range

The following table summarizes information about stock options outstanding under the 2018 Non-Employee Plan at September 30, 2019:

	Options outstanding				Options exercisable
		Weighted average	Weighted			Weighted
	Number	remaining	average exercise		Number	average exercise
Range of exercise prices	outstanding	contractual life	price		exercisable	price
$16.20-$16.20	15,200	9.2	$	16.20	2,400	$	16.20
	15,200	9.2	$	16.20	2,400	$	16.20