Stock Based Compensation (Tables)

12 Months Ended

Jun. 30, 2020

Stock Based Compensation

Schedule of stock option plan activity under employee plans and the directors plans

A summary of stock option transactions in fiscal 2018, 2019 and 2020, respectively, pursuant to the Employee Plans and the Directors Plans is as follows:

				Weighted
				Average
		Weighted		Remaining	Aggregate
		Average		Contractual	Intrinsic
	Shares	Exercise Price		Term (years)	Value
June 30, 2017	45,000	$	6.67
Options Granted	3,000	$	2.22
Options Exercised	0	$	0.00
Options Forfeited or Expired	(3,000)	$	13.46
June 30, 2018	45,000	$	5.92	4.3	$	—
Options Granted	3,000	$	2.13
Options Exercised	0	$	0.00
Options Forfeited or Expired	(3,000)	$	8.10
June 30, 2019	45,000	$	5.52	4.0	$	—
Options Granted	7,500	$	1.20
Options Exercised	0	$	0.00
Options Forfeited or Expired	(9,750)	$	6.00
June 30, 2020	42,750	$	4.65	4.1	$	304,768
Exercisable at June 30, 2020	35,250	$	5.38	3.0	$	225,443

Schedule of additional information for options outstanding and exercisable

The following table provides additional information for options outstanding and exercisable at June 30, 2020:

Options Outstanding

		Weighted Average	Weighted Average
Range of Exercise Prices	Number	Remaining Life	Exercise Price
$1.17 - 6.99	23,250	6.7 years	$	2.51
$7.00	15,000	1.2 years	$	7.00
$7.01 - 10.08	4,500	0.9 years	$	7.89
$1.17 - 10.08	42,750	4.1 years	$	4.65

Options Exercisable

		Weighted Average
Range of Exercise Prices	Number	Exercise Price
$1.17 - 6.99	15,750	$	3.13
$7.00	15,000	$	7.00
$7.01 -10.08	4,500	$	7.89
$1.17 - 10.08	35,250	$	5.38