Stock Options (Tables)

3 Months Ended

Sep. 30, 2021

2012 Employee Stock Option Plan

Stock options

Schedule of fair value and valuation assumptions

	2021		2020
Risk-free interest rates	n/a	%	n/a	%
Expected lives	n/a		n/a
Expected volatility	n/a	%	n/a	%
Expected dividend yields	n/a	%	n/a	%

Schedule of plan activity

	2021				2020
			Weighted average				Weighted average
	Options		exercise price		Options		exercise price
Outstanding, beginning of year		107,040	$	19.18		117,840	$	18.84
Granted		—		—		—		—
Forfeited/Lapsed		—		—		—		—
Exercised		(2,500)	$	6.31		—		—
Outstanding, end of period		104,540	$	19.48		117,840	$	18.84
Exercisable, end of period		48,988	$	16.95		37,400	$	13.73
Weighted average fair value at grant date of options granted		n/a				n/a
Total intrinsic value of options exercised	$	94,000				n/a
Total intrinsic value of options outstanding	$	2,467,000			$	706,000
Total intrinsic value of options exercisable	$	1,280,000			$	399,000

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	104,540	7.31	$	19.48	48,988	$	16.95
	104,540	7.31	$	19.48	48,988	$	16.95

2012 Non-Employee Stock Option Plan

Stock options

Schedule of fair value and valuation assumptions

	2021		2020
Risk-free interest rates	n/a	%	n/a	%
Expected lives	n/a		n/a
Expected volatility	n/a	%	n/a	%
Expected dividend yields	n/a	%	n/a	%

Schedule of plan activity

	2021				2020
			Weighted average				Weighted average
	Options		exercise price		Options		exercise price
Outstanding, beginning of year		6,000	$	13.10		12,000	$	10.29
Granted		—		—		—		—
Forfeited/Lapsed		—		—		—		—
Exercised		—		—		—		—
Outstanding, end of period		6,000	$	13.10		12,000	$	10.29
Exercisable, end of period		3,120	$	12.08		5,760	$	8.35
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	$	180,000			$	159,000
Total intrinsic value of options exercisable	$	97,000			$	87,000

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
$8.70 - $23.35	6,000	6.85	$	13.10	3,120	$	12.08
	6,000	6.85	$	13.10	3,120	$	12.08

2018 Non-Employee Stock Option Plan

Stock options

Schedule of fair value and valuation assumptions

	2021		2020
Risk-free interest rates	n/a	%	n/a	%
Expected lives	n/a		n/a
Expected volatility	n/a	%	n/a	%
Expected dividend yields	n/a	%	n/a	%

Schedule of plan activity

	2021				2020
			Weighted average				Weighted average
	Options		exercise price		Options		exercise price
Outstanding, beginning of year		35,050	$	23.85		48,400	$	23.48
Granted		—		—		—		—
Forfeited/Lapsed		—		—		—		—
Exercised		—		—		—		—
Outstanding, end of period		35,050	$	23.85		48,400	$	23.48
Exercisable, end of period		14,980	$	23.36		12,240	$	21.96
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	$	674,000			$	114,000
Total intrinsic value of options exercisable	$	295,000			$	41,000

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	7.95	$	23.85	14,980	$	23.36
	35,050	7.95	$	23.85	14,980	$	23.36

2020 Non-Employee Stock Option Plan

Stock options

Schedule of fair value and valuation assumptions

	2021		2020
Risk-free interest rates	n/a	%	0.62	%
Expected lives	n/a		10
Expected volatility	n/a	%	45	%
Expected dividend yields	n/a	%	0	%

Schedule of plan activity

	2021				2020
			Weighted average				Weighted average
	Options		exercise price		Options		exercise price
Outstanding, beginning of year		5,000	$	22.80		—		—
Granted		—		—		5,000	$	22.80
Forfeited/Lapsed		—		—		—		—
Exercised		—		—		—		—
Outstanding, end of period		5,000	$	22.80		5,000	$	22.80
Exercisable, end of period		2,000	$	22.80		1,000	$	22.80
Weighted average fair value at grant date of options granted		n/a			$	12.20
Total intrinsic value of options exercised		n/a				n/a
Total intrinsic value of options outstanding	$	101,000			$	4,000
Total intrinsic value of options exercisable	$	41,000			$	1,000

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	8.93	$	22.80	2,000	$	22.80
	5,000	8.93	$	22.80	2,000	$	22.80