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13. Stock Options
12 Months Ended
Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
13. Stock Options

 

Option activity is summarized as follows:

 

  Fiscal 2015 Fiscal 2014
         
    Weighted-   Weighted-
    Average   Average
    Exercise   Exercise
     Shares      Price        Shares      Price    
Shares under option:        
Outstanding, beginning of year 61,000 $ 3.11 55,000 $ 2.86
Granted 4,000 2.80 11,000 3.53
Exercised (20,000) 2.56 (5,000) 1.35
Forfeited (6,500) 3.07          -         -
         
Outstanding, end of year 38,500 3.37 61,000 3.11
         
Options exercisable at year-end 27,200 $ 3.10 48,300 $ 2.82
         
Weighted average fair value per share of options granted during the fiscal year   $ 2.80 $   3.53

 

     

As of June 30, 2015

Options Outstanding

 

As of June 30, 2015

Exercisable

               
      Weighted-        
      Average Weighted-     Weighted-
Range     Remaining Average     Average
Exercise   Number Contractual Exercise   Number Exercise
Prices   Outstanding Life (Years)    Price      Outstanding    Price  
               
$2.80 – 3.10   11,000 5.08 $ 2.99   7,000 $ 3.09
               
$3.27 – 3.71   27,500 5.21 $ 3.52   20,200 $ 3.52
               
    38,500       27,200  
                   

 

     

As of June 30, 2014

Options Outstanding

 

As of June 30, 2014

Exercisable

               
      Weighted-        
      Average Weighted-     Weighted-
Range     Remaining Average     Average
Exercise   Number Contractual Exercise   Number Exercise
Prices   Outstanding Life (Years)    Price      Outstanding    Price  
               
$1.88   10,000 .2 $ 1.88   10,000 $ 1.88
               
$3.07-$3.71   51,000 4.17 $ 3.35   38,300 $ 3.28
               
    61,000       48,300