Stock Options (Tables)

12 Months Ended

Jun. 30, 2016

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 2016 and 2015 were estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions:

	2016			2015
Risk-free interest rates		1.8	%		2.3	%
Expected lives		10 years			10 years
Expected volatility		54	%		54	%
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,:

	2016				2015
	Options		Weighted average exercise price		Options		Weighted average exercise price
Outstanding, beginning of year		112,500	$	5.30		78,500	$	5.73
Granted		15,000		6.05		44,000		4.43
Terminated		(15,000)		4.29		(10,000)		4.88
Exercised		—		—		—		—
Outstanding, end of year		112,500	$	5.54		112,500	$	5.30
Exercisable, end of year		55,700	$	5.59		27,500	$	5.26
Weighted average fair value at grant date of options granted	$	3.86			$	2.82
Total intrinsic value of options exercised		n/a				n/a
Total intrinsic value of options outstanding	$	93,000			$	73,000
Total intrinsic value of options exercisable	$	43,000			$	18,000

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, 2016:

	Options outstanding						Options exercisable
Range of exercise prices	Number outstanding		Weighted average remaining contractual life		Weighted average exercise price		Number exercisable		Weighted average exercise price
$4.29-$6.31		112,500		7.9	$	5.54		55,700	$	5.59
		112,500		7.9	$	5.54		55,700	$	5.59

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 fiscal years ended June 30,:

	2016				2015
	Options		Weighted average exercise price		Options		Weighted average exercise price
Outstanding, beginning of year		35,000	$	4.73		25,000	$	4.88
Granted		—		—		10,000		4.37
Terminated		—		—		—		—
Exercised		—		—		—		—
Outstanding, end of year		35,000	$	4.73		35,000	$	4.73
Exercisable, end of year		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	$	57,000			$	35,000
Total intrinsic value of options exercisable	$	30,000			$	11,000

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, 2016:

	Options outstanding						Options exercisable
Range of exercise prices	Number outstanding		Weighted average remaining contractual life		Weighted average exercise price		Number exercisable		Weighted average exercise price
$4.37 - $4.88		35,000		7.5	$	4.73		19,000	$	4.77
		35,000		7.5	$	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 fiscal years ended June 30,:

	2016				2015
	Options		Weighted average exercise price		Options		Weighted average 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	$	42,000				n/a
Total intrinsic value of options outstanding	$	40,000			$	6,000
Total intrinsic value of options exercisable	$	40,000			$	6,000

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, 2016:

	Options outstanding and exercisable
Range of exercise prices	Number outstanding		Weighted average remaining contractual life		Weighted average exercise price
$5.35-$6.62		102,500		0.7	$	6.04
		102,500		0.7	$	6.04