Stock Options (Tables)

6 Months Ended

Dec. 31, 2014

Employee Stock Option Plan 2002 [Member]

Schedule of Share-based Compensation, Stock Options, Activity

The following table reflects activity under the 2002 Employee plan for the six months ended December 31,:

	2014				2013
			Weighted average				Weighted average
	Options		exercise price		Options		exercise price
Outstanding, beginning of year		265,750	$	6.51		651,140	$	4.18
Granted		—		—		—		—
Terminated/Lapsed		(1,000)		6.02		(30,240)		1.74
Exercised		—		—		(326,800)		2.70
Outstanding, end of period		264,750	$	6.51		294,100	$	6.07
Exercisable, end of period		264,750	$	6.51		294,100	$	6.07
Weighted average fair value at grant date of options granted		n/a				n/a
Total intrinsic value of options exercised		n/a			$	854,000
Total intrinsic value of options outstanding	$	—			$	254,000
Total intrinsic value of options exercisable	$	—			$	254,000

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 2002 Employee Plan at December 31, 2014:

	Options outstanding and exercisable
Range of	Number		Weighted average		Weighted average
exercise prices	outstanding		remaining contractual life		exercise price
$ 5.22 - $ 6.62		227,250		1.3	$	5.75
$11.16		37,500		1.2		11.16
		264,750		1.3	$	6.51

Employee 2012 Stock Option Plan [Member]

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

The fair value of each option granted during fiscal 2014 was estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions:

Risk-free interest rates	2.3	%
Expected lives	10 years
Expected volatility	54	%
Expected dividend yields	0	%

Schedule of Share-based Compensation, Stock Options, Activity

The following table reflects activity under the 2012 Plan for the six months ended December 31,:

	2014				2013
			Weighted average				Weighted average
	Options		exercise price		Options		exercise price
Outstanding, beginning of year		78,500	$	5.73		—	$	—
Granted		44,000		4.43		78,500		5.73
Terminated/Lapsed		(10,000)		4.88		—		—
Exercised		—		—		—		—
Outstanding, end of period		112,500	$	5.30		78,500	$	5.73
Exercisable, end of period		27,500	$	5.26		15,700	$	5.73
Weighted average fair value at grant date of options granted	$	2.82			$	3.84
Total intrinsic value of options exercised		n/a				n/a
Total intrinsic value of options outstanding	$	13,000			$	44,000
Total intrinsic value of options exercisable	$	3,000			$	9,000

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 December 31, 2014:

	Options outstanding						Options exercisable
			Weighted average
Range of	Number		remaining		Weighted average		Number		Weighted average
exercise prices	outstanding		contractual life		exercise price		exercisable		exercise price
$ 4.88 - $ 6.31		112,500		9.2	$	5.30		27,500	$	5.26
		112,500		9.2	$	5.30		27,500	$	5.26

Non Employee 2012 Stock Option Plan [Member]

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

The fair value of each option granted during fiscal 2014 was estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions:

Risk-free interest rates	2.3	%
Expected lives	10 years
Expected volatility	54	%
Expected dividend yields	0	%

Schedule of Share-based Compensation, Stock Options, Activity

The following table reflects activity under the 2012 Non-Employee Plan for the six months ended December 31,:

	2014				2013
			Weighted average				Weighted average
	Options		exercise price		Options		exercise price
Outstanding, beginning of year		25,000	$	4.88		—	$	—
Granted		10,000		4.37		25,000		4.88
Terminated/Lapsed		—		—		—		—
Exercised		—		—		—		—
Outstanding, end of period		35,000	$	4.73		25,000	$	4.88
Exercisable, end of period		12,000	$	4.80		5,000	$	4.88
Weighted average fair value at grant date of options granted	$	2.86			$	3.30
Total intrinsic value of options exercised		n/a				n/a
Total intrinsic value of options outstanding	$	3,000			$	35,000
Total intrinsic value of options exercisable	$	1,000			$	7,000

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 December 31, 2014:

	Options outstanding						Options exercisable
			Weighted average		Weighted				Weighted
Range of	Number		remaining		average exercise		Number		average exercise
exercise prices	outstanding		contractual life		price		exercisable		price
$4.37 - $ 4.88		35,000		9.0	$	4.73		12,000	$	4.80
		35,000		9.0	$	4.73		12,000	$	4.80