Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions


	2019
Risk-free interest rates	2.10	%
Expected lives	10 years
Expected volatility	46	%
Expected dividend yields	0	%

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range

The following table summarizes information about stock options outstanding under the 2012 Employee Plan at September 30, 2020:


	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
$4.37‑$33.59	117,840	8.1	$	18.84	37,400	$	13.73
	117,840	8.1	$	18.84	37,400	$	13.73

Schedule of Share-based Compensation, Stock Options, Activity

The following table reflects activity under the 2012 Non-Employee Plan for the three months ended September 30,:


	2020					2019
			Weighted average				Weighted average
	Options		exercise price		Options		exercise price
Outstanding, beginning of year		12,000	$	10.29		10,200	$	7.99
Granted		—		—		—		—
Exercised		—		—		—		—
Outstanding, end of period		12,000	$	10.29		—		—
Exercisable, end of period		5,760	$	8.35		10,200	$	7.99
Weighted average fair value at grant date of options granted		n/a				n/a
Total intrinsic value of options exercised		n/a				n/a
Total intrinsic value of options outstanding	$	159,000			$	179,000
Total intrinsic value of options exercisable	$	87,000			$	58,000

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range

The following table summarizes information about stock options outstanding under the 2018 Non-Employee Plan at September 30, 2020:


	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
$16.20-$30.54	48,400	8.9	$	23.48	12,240	$	21.96
	48,400	8.9	$	23.48	12,240	$	21.96

Schedule of Share-based Compensation, Stock Options, Activity

The following table reflects activity under the 2020 Employee Plan for the three months ended September 30,:


	2020
			Weighted average
	Options		exercise price
Outstanding, beginning of year		—		—
Granted		5,000	$	22.80
Exercised		—		—
Outstanding, end of period		5,000	$	22.80
Exercisable, end of period		1,000	$	22.80
Weighted average fair value at grant date of options granted	$	12.20
Total intrinsic value of options exercised		n/a
Total intrinsic value of options outstanding	$	4,000
Total intrinsic value of options exercisable	$	1,000

Fair Value Measurement Inputs and Valuation Techniques

The fair value of each option granted during the three months ended September 30 was estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions:


	2020
Risk-free interest rates	0.62	%
Expected lives	10 years

Expected volatility		45	%
Expected dividend yields		0	%