Stock Options (Tables)

12 Months Ended

Jun. 30, 2017

2012 Employee Stock Option Plan [Member]

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

The fair value of each option granted during fiscal 2017, 2016 and 2015 were estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions:

	2017			2016			2015
Risk-free interest rates		2.4	%		1.8	%		2.3	%
Expected lives		10 years			10 years			10 years
Expected volatility		52	%		54	%		54	%
Expected dividend yields		0	%		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,:

	2017				2016
	Options		Weighted average exercise price		Options		Weighted average exercise price
Outstanding, beginning of year		112,500	$	5.54		112,500	$	5.30
Granted		5,000		8.15		15,000		6.05
Terminated		(11,400)		6.10		(15,000)		4.29
Exercised		(35,500)		5.13		—		—
Outstanding, end of year		70,600	$	5.84		112,500	$	5.54
Exercisable, end of year		38,700	$	5.98		55,700	$	5.59
Weighted average fair value at grant date of options granted	$	5.22			$	3.86
Total intrinsic value of options exercised	$	152,000				n/a
Total intrinsic value of options outstanding	$	252,000			$	93,000
Total intrinsic value of options exercisable	$	132,000			$	43,000

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, 2017:

	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-$8.15		70,600		7.0	$	5.84		38,700	$	5.58
		70,600		7.0	$	5.84		38,700	$	5.58

2012 Non-Employee 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,:

	2017				2016
	Options		Weighted average exercise price		Options		Weighted average exercise price
Outstanding, beginning of year		35,000	$	4.73		35,000	$	4.73
Granted		—		—		—		—
Terminated		—		—		—		—
Exercised		(20,800)		4.76		—		—
Outstanding, end of year		14,200	$	4.69		35,000	$	4.73
Exercisable, end of year		5,200	$	4.76		19,000	$	4.77
Weighted average fair value at grant date of options granted		n/a				n/a
Total intrinsic value of options exercised	$	96,000				n/a
Total intrinsic value of options outstanding	$	67,000			$	57,000
Total intrinsic value of options exercisable	$	24,000			$	30,000

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, 2017:

	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		14,200		6.6	$	4.69		5,200	$	4.76
		14,200		6.6	$	4.69		5,200	$	4.76

2002 Employee Stock Option Plan [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,:

	2017				2016
	Options		Weighted average exercise price		Options		Weighted average exercise price
Outstanding, beginning of year		102,500	$	6.04		208,500	$	6.86
Granted		—		—		—		—
Terminated/Lapsed		(10,500)		6.02		(38,500)		11.03
Exercised		(87,000)		6.08		(67,500)		5.73
Outstanding, end of period		5,000	$	5.35		102,500	$	6.04
Exercisable, end of period		5,000	$	5.35		102,500	$	6.04
Weighted average fair value at grant date of options granted		n/a				n/a
Total intrinsic value of options exercised	$	289,000			$	42,000
Total intrinsic value of options outstanding	$	20,000			$	40,000
Total intrinsic value of options exercisable	$	20,000			$	40,000

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, 2017:

	Options outstanding and exercisable
Range of exercise prices	Number outstanding		Weighted average remaining contractual life		Weighted average exercise price
$5.35		5,000		0.3	$	5.35
		5,000		0.3	$	5.35