Stock Options (Tables)

12 Months Ended

Jun. 30, 2021

2012 Employee Stock Option Plan

Stock Option

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		235,680	$	9.42		145,000	$	5.51		114,400	$	3.55
Granted		—		—		141,880		12.25		58,000		8.30
Forfeited		(13,000)		6.91		(20,000)		9.92		—		—
Exercised		(8,600)		9.04		(31,200)		3.78		(27,400)		3.21
Outstanding, end of period		214,080	$	9.59		235,680	$	9.42		145,000	$	5.51
Exercisable, end of period		98,176	$	8.07		70,000	$	6.57		67,600	$	4.03
Weighted average fair value at grant date of options granted		n/a			$	6.72			$	4.58
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
$2.19 ‑ $16.80	214,080	7.4	$	9.59	98,176	$	8.07
	214,080	7.4	$	9.59	98,176	$	8.07

2012 Non-Employee Stock Option Plan

Stock Option

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		24,000	$	5.15		20,400	$	4.00		55,600	$	3.43
Granted		—		—		3,600		11.68		—		—
Forfeited		(9,600)		3.59		—		—		(3,600)		4.35
Exercised		(2,400)		4.35		—		—		(31,600)		2.96
Outstanding, end of period		12,000	$	6.55		24,000	$	5.15		20,400	$	4.00
Exercisable, end of period		6,240	$	6.04		11,520	$	4.18		6,000	$	3.14
Weighted average fair value at grant date of options granted		n/a			$	6.47				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
	Number	remaining	Weighted average		Number	Weighted average
Range of exercise prices	outstanding	contractual life	exercise price		exercisable	exercise price
$2.19 - $11.68	12,000	7.1	$	6.55	6,240	$	6.04
	12,000	7.1	$	6.55	6,240	$	6.04

2018 Non-Employee Stock Option Plan

Stock Option

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		96,800	$	11.74		30,400	$	8.10		—	$	—
Granted		—		—		66,400		13.41		40,000		8.10
Forfeited/Lapsed		(23,500)		11.68		—		—		(6,400)		8.10
Exercised		(3,200)		8.10		—		—		(3,200)		8.10
Outstanding, end of period		70,100	$	11.93		96,800	$	11.74		30,400	$	8.10
Exercisable, end of period		29,960	$	11.68		24,480	$	10.98		4,800	$	8.10
Weighted average fair value at grant date of options granted		n/a			$	7.55			$	5.12
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
	Number	remaining	Weighted average		Number	Weighted average
Range of exercise prices	outstanding	contractual life	exercise price		exercisable	exercise price
$8.10 - $15.27	70,100	8.2	$	11.93	29,960	$	11.68
	70,100	8.2	$	11.93	29,960	$	11.68

2020 Non-Employee Stock Option Plan

Stock Option

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		10,000	$	11.40
Exercised		—		—
Outstanding, end of period		10,000	$	11.40
Exercisable, end of period		2,000	$	11.40
Weighted average fair value at grant date of options granted	$	6.10
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
$11.40	10,000	9.2	$	11.40	2,000	$	11.40
	10,000	9.2	$	11.40	2,000	$	11.40