Stock Options (Tables)

12 Months Ended

Jun. 30, 2015

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 2015 and 2014 were estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions:

	2015	2014
Risk-free interest rates	2.3%	2.7%
Expected lives	10 years	10 years
Expected volatility	54%	57%
Expected dividend yields	0%	0%

Schedule of Share-based Compensation, Stock Options, Activity

The following table reflects activity under the 2012 Plan for the fiscal years ended June 30,:

	2015				2014
			Weighted				Weighted
			average				average
			exercise				exercise
	Options		price		Options		price
Outstanding, beginning of year		78,500	$	5.73		—	$	—
Granted		44,000		4.43		78,500		5.73
Terminated		(10,000)		4.88		—		—
Exercised		—		—		—		—
Outstanding, end of year		112,500	$	5.30		78,500	$	5.73
Exercisable, end of year		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	$	73,360			$	14,000
Total intrinsic value of options exercisable	$	17,946			$	3,000

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 June 30, 2015:

	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
$4.29-$6.31		112,500		8.7	$	5.30		27,500	$	5.26
		112,500		8.7	$	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 2015 was estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions:

	2015	2014
Risk-free interest rates	2.3%	2.7%
Expected lives	10 years	10 years
Expected volatility	54%	57%
Expected dividend yields	0%	0%

Schedule of Share-based Compensation, Stock Options, Activity

The following table reflects activity under the 2012 Non-Employee Plan for the fiscal years ended June 30,:

	2015				2014
			Weighted				Weighted
			average				average
			exercise				exercise
	Options		price		Options		price
Outstanding, beginning of year		25,000	$	4.88		—	$	—
Granted		10,000		4.37		25,000		4.88
Terminated		—		—		—		—
Exercised		—		—		—		—
Outstanding, end of year		35,000	$	4.73		25,000	$	4.88
Exercisable, end of year		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	$	35,000			$	14,000
Total intrinsic value of options exercisable	$	11,000			$	3,000

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 June 30, 2015:

	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		8.5	$	4.73		12,000	$	4.80
		35,000		8.5	$	4.73		12,000	$	4.80

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 fiscal years ended June 30,:

	2015				2014
			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		(57,250)		5.24		(47,790)		1.74
Exercised		—		—		(337,600)		2.70
Outstanding, end of period		208,500	$	6.86		265,750	$	6.07
Exercisable, end of period		208,500	$	6.86		265,750	$	6.07
Weighted average fair value at grant date of options granted		n/a				n/a
Total intrinsic value of options exercised		n/a			$	1,399,000
Total intrinsic value of options outstanding	$	6,000			$	13,000
Total intrinsic value of options exercisable	$	6,000			$	13,000

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 June 30, 2015:

	Options outstanding and exercisable
Range of			Weighted average		Weighted
exercise	Number		remaining contractual		average
prices	outstanding		life		exercise price
$5.22-$6.62		171,000		1.2	$	5.92
$11.16		37,500		0.7		11.16
		208,500		1.1	$	6.86