Stock Options (Tables)

3 Months Ended

Sep. 30, 2018

2012 Employee Stock Option Plan [Member]

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

The fair value of each option granted during the three months ended September 30, 2018 was estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions:

	2018
Risk-free interest rates		3.0	%
Expected lives		10 years
Expected volatility		52	%
Expected dividend yields		0	%

Schedule of Share-based Compensation, Stock Options, Activity

The following table reflects activity under the 2012 Employee Plan for the three months ended September 30,:

	2018					2017
	Options			Weighted average exercise price		Options			Weighted average exercise price
Outstanding, beginning of year		57,200		$	7.09		70,600		$	5.84
Granted		4,000			15.30		--			--
Terminated/Lapsed		--			--		--			--
Exercised		(2,500	)		6.31		(2,000	)		6.31
Outstanding, end of period		58,700		$	7.68		68,600		$	5.82
Exercisable, end of period		27,900		$	6.57		41,700		$	5.86
Weighted average fair value at grant date of options granted	$	5.67					n/a
Total intrinsic value of options exercised	$	25,000				$	6,000
Total intrinsic value of options outstanding	$	313,000				$	245,000
Total intrinsic value of options exercisable	$	210,000				$	148,000

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, 2018:

	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-$15.30		58,700		7.4	$	7.68		27,900	$	6.57
		58,700		7.4	$	7.68		27,900	$	6.57

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 three months ended September 30,:

	2018				2017
	Options		Weighted average  exercise price		Options		Weighted average exercise price
Outstanding, beginning of year		27,800	$	6.85		14,200	$	4.69
Granted		--		--		--		--
Terminated/Lapsed		--		--		--		--
Exercised		--		--		--		--
Outstanding, end of period		27,800	$	6.85		14,200	$	4.69
Exercisable, end of period		13,800	$	5.61		10,200	$	4.82
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	$	225,000			$	67,000
Total intrinsic value of options exercisable	$	129,000			$	47,000

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, 2018:

	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 - $8.70	27,800	7.4	$	6.85	13,800	$	5.61
	27,800	7.4	$	6.85	13,800	$	5.61

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 three months ended September 30,:

	2018				2017
	Options		Weighted average exercise price		Options			Weighted average exercise price
Outstanding, beginning of year		—	$	—		5,000		$	5.35
Granted		—		—		—			—
Terminated/Lapsed		—		—		—			—
Exercised		—		—		(5,000	)		5.35
Outstanding, end of period		—	$	—		—		$	—
Exercisable, end of period		—	$	—		—		$	—
Weighted average fair value at grant date of options granted		n/a				n/a
Total intrinsic value of options exercised		n/a			$	20,000
Total intrinsic value of options outstanding		n/a				n/a
Total intrinsic value of options exercisable		n/a				n/a