XML 55 R34.htm IDEA: XBRL DOCUMENT v3.24.3
Note 10 - Common Stock Options (Tables)
12 Months Ended
Sep. 30, 2024
Notes Tables  
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
  

Years Ended September 30

 
  

2024

  

2023

 

Expected volatility

  32.07%  N/A 

Expected dividends

  2.84%  N/A 

Expected exercise term (years)

  7   N/A 

Risk-free interest rate

  4.95%  N/A 
Share-Based Payment Arrangement, Option, Activity [Table Text Block]
  

Number of Shares

  

Weighted- Average Exercise Price

  

Weighted- Average Remaining Contractual Terms (years)

  

Aggregate Intrinsic Value1

 

Options outstanding, September 30, 2022

  34,500  $18.69   5.7  $121,278 

Options exercised

  (12,500)  16.00         

Options outstanding, September 30, 2023

  22,000  $20.23   5.6  $18,388 

Options granted

  10,000   16.62         

Options forfeited

  (4,000)  19.90         

Options outstanding, September 30, 2024

  28,000  $18.98   5.8  $127,988 
                 

Vested and exercisable at September 30, 2024

  28,000  $18.98   5.8  $127,988 
  

Years Ended September 30

 
  

2024

  

2023

 

Weighted-average grant date option fair value

 $5.15  $ 

Stock-based compensation

  51,500   21,560 

Intrinsic value of options exercised

     46,921 

Proceeds from exercise of stock options

     200,000