Stock Options (Tables)

12 Months Ended

Jun. 30, 2021

2012 Employee Stock Option Plan

Stock options

Schedule of fair value and valuation assumptions

	2021		2020		2019
Risk-free interest rates	n/a	%	.6% - 2.10	%	2.5% - 3.10	%
Expected lives	n/a		10 years		10 years
Expected volatility	n/a	%	44% - 46	%	48% - 52	%
Expected dividend yields	n/a	%	0	%	0	%

Schedule of plan activity

	2021				2020				2019
			Weighted average				Weighted average				Weighted average
	Options		exercise price		Options		exercise price		Options		exercise price
Outstanding, beginning of year		117,840	$	18.84		72,500	$	11.01		57,200	$	7.09
Granted		—		—		70,940		24.50		29,000		16.59
Forfeited		(6,500)		13.82		(10,000)		19.84		—		—
Exercised		(4,300)		18.08		(15,600)		7.55		(13,700)		6.42
Outstanding, end of period		107,040	$	19.18		117,840	$	18.84		72,500	$	11.01
Exercisable, end of period		49,088	$	16.14		35,000	$	13.13		33,800	$	8.05
Weighted average fair value at grant date of options granted		n/a			$	13.43			$	9.15
Total intrinsic value of options exercised	$	65,000				278,000				160,000
Total intrinsic value of options outstanding	$	1,840,000			$	696,000			$	1,353,000
Total intrinsic value of options exercisable	$	993,000			$	389,000			$	731,000

Schedule of options outstanding

	Options outstanding				Options exercisable
		Weighted average
	Number	remaining	Weighted average		Number	Weighted average
Range of exercise prices	outstanding	contractual life	exercise price		exercisable	exercise price
$4.37 ‑ $33.59	107,040	7.4	$	19.18	49,088	$	16.14
	107,040	7.4	$	19.18	49,088	$	16.14

2012 Non-Employee Stock Option Plan

Stock options

Schedule of fair value and valuation assumptions

	2021		2020		2019
Risk-free interest rates	n/a	%	1.6	%	n/a	%
Expected lives	n/a		10 years		n/a
Expected volatility	n/a	%	44	%	n/a	%
Expected dividend yields	n/a	%	0	%	n/a	%

Schedule of plan activity

	2021				2020				2019
			Weighted average				Weighted average				Weighted average
	Options		exercise price		Options		exercise price		Options		exercise price
Outstanding, beginning of year		12,000	$	10.29		10,200	$	7.99		27,800	$	6.85
Granted		—		—		1,800		23.35		—		—
Forfeited		(4,800)		7.18		—		—		(1,800)		8.70
Exercised		(1,200)		8.70		—		—		(15,800)		5.91
Outstanding, end of period		6,000	$	13.10		12,000	$	10.29		10,200	$	7.99
Exercisable, end of period		3,120	$	12.08		5,760	$	8.35		3,000	$	6.27
Weighted average fair value at grant date of options granted		n/a			$	12.94				n/a
Total intrinsic value of options exercised	$	31,000				n/a			$	192,000
Total intrinsic value of options outstanding	$	140,000			$	157,000			$	221,000
Total intrinsic value of options exercisable	$	76,000			$	87,000			$	70,000

Schedule of options outstanding

	Options outstanding				Options exercisable
		Weighted average	Weighted			Weighted
	Number	remaining	average exercise		Number	average exercise
Range of exercise prices	outstanding	contractual life	price		exercisable	price
$4.37 - $23.35	6,000	7.1	$	13.10	3,120	$	12.08
	6,000	7.1	$	13.10	3,120	$	12.08

2018 Non-Employee Stock Option Plan

Stock options

Schedule of fair value and valuation assumptions

	2021		2020		2019
Risk-free interest rates	n/a	%	1.60 - 1.80	%	2.90	%
Expected lives	n/a		10 years		10 years
Expected volatility	n/a	%	44 - 45	%	50	%
Expected dividend yields	n/a	%	—	%	—	%

Schedule of plan activity

	2021				2020				2019
			Weighted average				Weighted average				Weighted average
	Options		exercise price		Options		exercise price		Options		exercise price
Outstanding, beginning of year		48,400	$	23.48		15,200	$	16.20		—	$	—
Granted		—		—		33,200		26.82		20,000		16.20
Forfeited/Lapsed		(11,750)		23.36		—		---		(3,200)		16.20
Exercised		(1,600)		16.20		—		—		(1,600)		16.20
Outstanding, end of period		35,050	$	23.85		48,400	$	23.48		15,200	$	16.20
Exercisable, end of period		14,980	$	23.36		12,240	$	21.96		2,400	$	16.20
Weighted average fair value at grant date of options granted		n/a			$	15.09			$	10.24
Total intrinsic value of options exercised	$	29,000				n/a			$	24,000
Total intrinsic value of options outstanding	$	439,000			$	110,000			$	205,000
Total intrinsic value of options exercisable	$	195,000			$	40,000			$	32,000

Schedule of options outstanding

	Options outstanding				Options exercisable
		Weighted average	Weighted			Weighted
	Number	remaining	average exercise		Number	average exercise
Range of exercise prices	outstanding	contractual life	price		exercisable	price
$16.20 - $30.54	35,050	8.2	$	23.85	14,980	$	23.36
	35,050	8.2	$	23.85	14,980	$	23.36

2020 Non-Employee Plan

Stock options

Schedule of fair value and valuation assumptions

	2021
Risk-free interest rates	0.62	%
Expected lives	10
Expected volatility	45	%
Expected dividend yields	0	%

Schedule of plan activity

	2021
			Weighted average
	Options		exercise price
Outstanding, beginning of year		—		—
Granted		5,000	$	22.80
Exercised		—		—
Outstanding, end of period		5,000	$	22.80
Exercisable, end of period		1,000	$	22.80
Weighted average fair value at grant date of options granted	$	12.20
Total intrinsic value of options exercised		n/a
Total intrinsic value of options outstanding	$	68,000
Total intrinsic value of options exercisable	$	14,000

Schedule of options outstanding

	Options outstanding				Options exercisable
		Weighted average
	Number	remaining	Weighted average		Number	Weighted average
Range of exercise prices	outstanding	contractual life	exercise price		exercisable	exercise price
$22.80	5,000	9.2	$	22.80	1,000	$	22.80
	5,000	9.2	$	22.80	1,000	$	22.80