XML 59 R43.htm IDEA: XBRL DOCUMENT v3.25.2
Stock-Based Compensation (Tables)
 12 Months Ended
Jun. 30, 2025
Stock-Based Compensation [Abstract]  
Summary of Status of Share Awards Outstanding

Following is a summary of the status of the stock awards outstanding under the Stock Incentive Plans during the fiscal years ended June 30, 2025 and 2024 (split adjusted):

   
Awarded Shares
  
   
2025
    
2024
  
             
Balance - Beginning of Year
    
25,000
      
37,900
  
Granted
    
1,600
      
-
  
Forfeited
    
-
      
-
  
Earned and Issued
    
(13,300
)
    
(12,900
)
                 
      Balance - End of Year
    
13,300
      
25,000
  
Summary of Status of Option Plan
Following is a summary of the status of the options outstanding during the fiscal years ended June 30, 2025 and 2024 (split adjusted):

 
              
Weighted
        
 
        
Weighted
    
Average
        
 
        
Average
    
Remaining
    
Aggregate
  
 
  
Number of
    
Exercise
    
Contract
    
Intrinsic
  
 
  
Shares
    
Price
    
Term
    
Value
  
Outstanding at June 30, 2024
    
319,700
    
$
11.83
       4.30     $ 115,197  
Granted
    
24,600
      
11.79
                  
Exercised
    
(10,000
)
    
11.09
                  
Forfeited
    
(800
)
    
11.86
                  
                                 
Outstanding at June 30, 2025
    
333,500
    
$
11.85
       3.82    
$
583,818
  
 
                                
      Options Exercisable at June 30, 2025
    
274,467
    
$
11.84
       3.14    
$
481,818
  
                                 
                                 
Outstanding at June 30, 2023
    
364,916
    
$
11.64
       4.81     $ 874,321  
Granted
    
4,000
      
13.69
                  
Exercised
    
(39,616
)
    
9.46
                  
Forfeited
    
(9,600
)
    
15.31
                  
                                 
Outstanding at June 30, 2024
     319,700    
$
11.83
      
4.30
    
$
115,197
  
 
                                
      Options Exercisable at June 30, 2024
    
242,834
    
$
11.80
      
3.62
    
$
(80,340
)
Assumptions Used in Estimating Fair Value of Each Option Granted
The fair value of each option granted is estimated on the grant date using the Black-Scholes model.  The following assumptions were made in estimating fair value.

   
2014/2019 Stock
    
2014 Stock
    
2019 Stock
  
   
Incentive Plan
    
Incentive Plan
    
Incentive Plan
  
   
July 24, 2024
    
January 31, 2024
    
November 11, 2020
  
Dividend Yield
     4.41
 %
     3.65
 %
     2.78
 %
Expected Term
  
10 years
    
10 years
    
10 years
  
Risk-Free Interest Rate
     4.28
 %
     3.99
 %
     0.98
 %
Expected Life
  
10 years
    
10 years
    
10 years
  
Expected Volatility (1)
     35.51
 %
     36.58
 %
     25.56
 %
(1) Weekly volatility is annualized by multiplying by the square root of 52.
Summary of Status of Nonvested Options
A summary of the status of the Company’s nonvested options as of June 30, 2025 and changes during the year ended June 30, 2025 is as follows (split adjusted):

     
Weighted
  
 
Number of
  
Average
  
 
Shares
  
Exercise Price
  
Nonvested at June 30, 2024
    
76,066
    
$
11.92
  
Vested
    
(41,633
)
    
11.92
  
Granted
    
24,600
      
11.79
  
Forfeited
    
-
   
-
  
Nonvested at June 30, 2025
    
59,033
    
$
11.87