Stock Options (Tables)

3 Months Ended

Sep. 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 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 three months ended September 30,:

	2015				2014
			Weighted average				Weighted average
	Options		exercise price		Options		exercise price
Outstanding, beginning of year		112,500	$	5.30		78,500	$	5.73
Granted		—		—		—		—
Terminated/Lapsed		(15,000)		—		(10,000)		4.88
Exercised		—		—		—		—
Outstanding, end of period		97,500	$	5.46		68,500	$	5.86
Exercisable, end of period		29,500	$	5.33		18,700	$	5.65
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	$	69,000			$	—
Total intrinsic value of options exercisable	$	24,000			$	—

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, 2015:

		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
	$4.29-$6.31		97,500			8.4	$	5.46		29,500	$	5.33
			97,500			8.4	$	5.46		29,500	$	5.33

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:

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 three months ended September 30,:

	2015				2014
			Weighted average				Weighted average
	Options		exercise price		Options		exercise price
Outstanding, beginning of year		35,000	$	4.73		25,000	$	4.88
Granted		—		—		—		—
Terminated/Lapsed		—		—		—		—
Exercised		—		—		—		—
Outstanding, end of period		35,000	$	4.73		25,000	$	4.88
Exercisable, end of period		17,000	$	4.82		10,000	$	4.88
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	$	46,000			$	—
Total intrinsic value of options exercisable	$	21,000			$	—

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, 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			8.3	$	4.73		17,000	$	4.82
			35,000			8.3	$	4.73		17,000	$	4.82

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 three months ended September 30,:

	2015				2014
			Weighted average				Weighted average
	Options		exercise price		Options		exercise price
Outstanding, beginning of year		208,500	$	6.86		265,750	$	6.51
Granted		—		—		—		—
Terminated/Lapsed		—		—		(1,000)		6.02
Exercised		—		—		—		—
Outstanding, end of period		208,500	$	6.86		264,750	$	6.51
Exercisable, end of period		208,500	$	6.86		264,750	$	6.51
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	$	37,000			$	—
Total intrinsic value of options exercisable	$	37,000			$	—

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 September 30, 2015:

		Options outstanding and exercisable
Range of		Number		Weighted average		Weighted average
exercise prices		outstanding		remaining contractual life		exercise price
$	5.22-$6.62		171,000		0.9	$	5.92
$	11.16		37,500		0.5		11.16
			208,500		0.8	$	6.86