Stock Options (Tables)

9 Months Ended

Mar. 31, 2016

Schedule of Share-based Compensation, Stock Options, Activity

The following table reflects activity under the 2012 Plan for the nine months ended March 31,:

	2016				2015
			Weighted average				Weighted average
	Options		exercise price		Options		exercise price
Outstanding, beginning of year		112,500	$	5.30		78,500	$	5.73
Granted		—		—		44,000		4.43
Terminated/Lapsed		(15,000)		4.29		(10,000)		4.88
Exercised		—		—		—		—
Outstanding, end of period		97,500	$	5.46		112,500	$	5.30
Exercisable, end of period		52,700	$	5.56		27,500	$	5.26
Weighted average fair value at grant date of options granted		n/a			$	2.82
Total intrinsic value of options exercised		n/a				n/a
Total intrinsic value of options outstanding	$	80,000			$	78,000
Total intrinsic value of options exercisable	$	38,000			$	19,000

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 March 31, 2016:

	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		7.9	$	5.46		52,700	$	5.56
		97,500		7.9	$	5.46		52,700	$	5.56

Non Employee 2012 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 nine months ended March 31,:

	2016				2015
			Weighted average				Weighted average
	Options		exercise price		Options		exercise price
Outstanding, beginning of year		35,000	$	4.73		25,000	$	4.88
Granted		—		—		10,000		4.37
Terminated/Lapsed		—		—		—		—
Exercised		—		—		—		—
Outstanding, end of period		35,000	$	4.73		35,000	$	4.73
Exercisable, end of period		19,000	$	4.77		12,000	$	4.80
Weighted average fair value at grant date of options granted		n/a			$	2.86
Total intrinsic value of options exercised		n/a				n/a
Total intrinsic value of options outstanding	$	53,000			$	37,000
Total intrinsic value of options exercisable	$	28,000			$	12,000

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 March 31, 2016:

	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		7.8	$	4.73		19,000	$	4.77
		35,000		7.8	$	4.73		19,000	$	4.77

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 nine months ended March 31,:

	2016				2015
			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		(38,500)		11.03		(57,250)		5.24
Exercised		(67,500)		5.73		—		—
Outstanding, end of period		102,500	$	6.04		208,500	$	6.86
Exercisable, end of period		102,500	$	6.04		208,500	$	6.86
Weighted average fair value at grant date of options granted		n/a				n/a
Total intrinsic value of options exercised	$	98,000				n/a
Total intrinsic value of options outstanding	$	31,000			$	10,000
Total intrinsic value of options exercisable	$	31,000			$	10,000

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 March 31, 2016:

	Options outstanding and exercisable
Range of	Number		Weighted average		Weighted average
exercise prices	outstanding		remaining contractual life		exercise price
$5.35 - $6.62		102,500		0.9		6.04
		102,500		0.9	$	6.04