Stock Option (Tables)

6 Months Ended

Dec. 31, 2021

2012 Employee Stock Option Plan

Stock Option

Schedule of fair value and valuation assumptions

	2021		2020
Risk-free interest rates	1.64	%	n/a	%
Expected lives	10		n/a
Expected volatility	43	%	n/a	%
Expected dividend yields	0	%	n/a	%

Schedule of plan activity

	2021				2020
			Weighted average				Weighted average
	Options		exercise price		Options		exercise price
Outstanding, beginning of year		214,080	$	9.59		235,680	$	9.42
Granted		338,000	$	23.17		—		—
Forfeited/Lapsed		—		—		—		—
Exercised		(28,000)	$	5.54		—		—
Outstanding, end of period		524,080	$	18.56		235,680	$	9.42
Exercisable, end of period		160,576	$	15.06		95,600	$	7.33
Weighted average fair value at grant date of options granted	$	12.16				n/a
Total intrinsic value of options exercised	$	485,000				n/a
Total intrinsic value of options outstanding	$	3,367,000			$	963,000
Total intrinsic value of options exercisable	$	1,595,000			$	590,000

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
$2.19 ‑ $24.75	524,080	8.91	$	18.56	160,576	$	15.06
	524,080	8.91	$	18.56	160,576	$	15.06

2012 Non-Employee Stock Option Plan

Stock Option

Schedule of fair value and valuation assumptions

	2021		2020
Risk-free interest rates	1.68	%	n/a	%
Expected lives	10		n/a
Expected volatility	43	%	n/a	%
Expected dividend yields	0	%	n/a	%

Schedule of plan activity

	2021				2020
			Weighted average				Weighted average
	Options		exercise price		Options		exercise price
Outstanding, beginning of year		12,000	$	6.55		24,000	$	5.15
Granted		9,600	$	22.93		—		—
Forfeited/Lapsed		—		—		—		—
Exercised		—		—		—		—
Outstanding, end of period		21,600	$	13.83		24,000	$	5.15
Exercisable, end of period		11,760	$	8.28		17,040	$	4.54
Weighted average fair value at grant date of options granted	$	12.58				n/a
Total intrinsic value of options exercised		n/a				n/a
Total intrinsic value of options outstanding	$	241,000			$	191,000
Total intrinsic value of options exercisable	$	197,000			$	146,000

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
$4.35 - $22.93	21,600	8.02	$	13.83	11,760	$	8.28
	21,600	8.02	$	13.83	11,760	$	8.28

2018 Non-Employee Stock Option Plan

Stock Option

Schedule of fair value and valuation assumptions

	2021		2020
Risk-free interest rates	1.68	%	n/a	%
Expected lives	10		n/a
Expected volatility	43	%	n/a	%
Expected dividend yields	0	%	n/a	%

Schedule of plan activity

	2021				2020
			Weighted average				Weighted average
	Options		exercise price		Options		exercise price
Outstanding, beginning of year		70,100	$	11.93		96,800	$	11.74
Granted		23,500	$	22.93		—		—
Forfeited/Lapsed		—		—		—		—
Exercised		(3,000)	$	11.68		—		—
Outstanding, end of period		90,600	$	14.79		96,800	$	11.74
Exercisable, end of period		41,260	$	12.96		37,280	$	11.22
Weighted average fair value at grant date of options granted	$	12.58				n/a
Total intrinsic value of options exercised	$	39,000				n/a
Total intrinsic value of options outstanding	$	924,000			$	202,000
Total intrinsic value of options exercisable	$	496,000			$	98,000

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
$8.10 - $22.93	90,600	8.23	$	14.79	41,260	$	12.96
	90,600	8.23	$	14.79	41,260	$	12.96

2020 Non-Employee Stock Option Plan

Stock Option

Schedule of fair value and valuation assumptions

	2021		2020
Risk-free interest rates	1.68	%	0.62	%
Expected lives	10		10
Expected volatility	43	%	45	%
Expected dividend yields	0	%	0	%

Schedule of plan activity

	2021				2020
			Weighted average				Weighted average
	Options		exercise price		Options		exercise price
Outstanding, beginning of year		10,000	$	11.40		—		—
Granted		16,900	$	22.93		10,000	$	11.40
Forfeited/Lapsed		—		—		—		—
Exercised		—		—		—		—
Outstanding, end of period		26,900	$	18.64		10,000	$	11.40
Exercisable, end of period		7,380	$	16.68		2,000	$	11.40
Weighted average fair value at grant date of options granted	$	12.58			$	6.10
Total intrinsic value of options exercised		n/a				n/a
Total intrinsic value of options outstanding	$	171,000			$	17,000
Total intrinsic value of options exercisable	$	61,000			$	3,000

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
$11.40 - $22.93	26,900	9.38	$	18.64	7,380	$	16.68
	26,900	9.38	$	18.64	7,380	$	16.68