Stock Option (Tables)

6 Months Ended

Dec. 31, 2022

2012 Employee Stock Option Plan

Stock Option

Schedule of fair value and valuation assumptions

	2022		2021
Risk-free interest rates	3.03	%	1.64	%
Expected lives	7.27 Years		10 Years
Expected volatility	43	%	43	%
Expected dividend yields	0	%	0	%

Schedule of plan activity

	2022				2021
			Weighted average				Weighted average
	Options		exercise price		Options		exercise price
Outstanding, beginning of year		523,080	$	18.59		214,080	$	9.59
Granted		37,500	$	26.94		338,000	$	23.17
Forfeited/Lapsed		—		—		—		—
Exercised		(7,200)	$	7.07		(28,000)	$	5.54
Outstanding, end of period		553,380	$	18.90		524,080	$	18.56
Exercisable, end of period		262,252	$	16.88		160,576	$	15.06
Weighted average fair value at grant date of options granted	$	13.36			$	12.16
Total intrinsic value of options exercised	$	159,000			$	485,000
Total intrinsic value of options outstanding	$	4,746,000			$	3,367,000
Total intrinsic value of options exercisable	$	2,779,000			$	1,595,000

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
$3.14 ‑ $26.94	553,380	8.07	$	18.90	262,252	$	16.88
	553,380	8.07	$	18.90	262,252	$	16.88

2012 Non-Employee Stock Option Plan

Stock Option

Schedule of fair value and valuation assumptions

	2022	2021
Risk-free interest rates	n/a	1.68	%
Expected lives	n/a	10 Years
Expected volatility	n/a	43	%
Expected dividend yields	n/a	0	%

Schedule of plan activity

	2022				2021
			Weighted average				Weighted average
	Options		exercise price		Options		exercise price
Outstanding, beginning of year		20,400	$	14.39		12,000	$	6.55
Granted		—		—		9,600	$	22.93
Forfeited/Lapsed		—		—		—		—
Exercised		—		—		—		—
Outstanding, end of period		20,400	$	14.39		21,600	$	13.83
Exercisable, end of period		13,200	$	10.95		11,760	$	8.28
Weighted average fair value at grant date of options granted		n/a			$	12.58
Total intrinsic value of options exercised		n/a			$	n/a
Total intrinsic value of options outstanding	$	267,000			$	241,000
Total intrinsic value of options exercisable	$	218,000			$	197,000

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	20,400	7.15	$	14.39	13,200	$	10.95
	20,400	7.15	$	14.39	13,200	$	10.95

2018 Non-Employee Stock Option Plan

Stock Option

Schedule of fair value and valuation assumptions

	2022	2021
Risk-free interest rates	n/a	1.68	%
Expected lives	n/a	10 Years
Expected volatility	n/a	43	%
Expected dividend yields	n/a	0	%

Schedule of plan activity

	2022				2021
			Weighted average				Weighted average
	Options		exercise price		Options		exercise price
Outstanding, beginning of year		89,000	$	14.91		70,100	$	11.93
Granted		—		—		23,500	$	22.93
Forfeited/Lapsed		—		—		—		—
Exercised		(9,900)	$	16.27		(3,000)	$	11.68
Outstanding, end of period		79,100	$	14.74		90,600	$	14.79
Exercisable, end of period		49,440	$	13.02		41,260	$	12.96
Weighted average fair value at grant date of options granted		n/a			$	12.58
Total intrinsic value of options exercised	$	124,000			$	39,000
Total intrinsic value of options outstanding	$	1,008,000			$	924,000
Total intrinsic value of options exercisable	$	715,000			$	496,000

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	79,100	7.25	$	14.74	49,440	$	13.02
	79,100	7.25	$	14.74	49,440	$	13.02

2020 Non-Employee Stock Option Plan

Stock Option

Schedule of fair value and valuation assumptions

	2022		2021
Risk-free interest rates	3.03	%	1.68	%
Expected lives	7.27 Years		10 Years
Expected volatility	43	%	43	%
Expected dividend yields	0	%	0	%

Schedule of plan activity

	2022				2021
			Weighted average				Weighted average
	Options		exercise price		Options		exercise price
Outstanding, beginning of year		26,900	$	18.64		10,000	$	11.40
Granted		25,000	$	26.94		16,900	$	22.93
Forfeited/Lapsed		—		—		—		—
Exercised		—		—		—		—
Outstanding, end of period		51,900	$	22.64		26,900	$	18.64
Exercisable, end of period		17,760	$	20.16		7,380	$	16.68
Weighted average fair value at grant date of options granted	$	13.36			$	12.58
Total intrinsic value of options exercised		n/a				n/a
Total intrinsic value of options outstanding	$	251,000			$	171,000
Total intrinsic value of options exercisable	$	130,000			$	61,000

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 - $26.94	51,900	8.99	$	22.64	17,760	$	20.16
	51,900	8.99	$	22.64	17,760	$	20.16