XML 45 R31.htm IDEA: XBRL DOCUMENT v3.22.2.2
Stock Option (Tables)
12 Months Ended
Jun. 30, 2022
2012 Employee Stock Option Plan  
Stock Option  
Schedule of fair value and valuation assumptions

​

​

​

​

​

​

​

​

​

​

    

2022

    

2021

 

2020

 

Risk-free interest rates

​

1.64

%  

n/a

%

.6% - 2.10

%

Expected lives

​

6.18 Years

​

n/a

​

10 years

​

Expected volatility

​

43

%  

n/a

%

44% - 46

%

Expected dividend yields

​

0

%  

n/a

%

0

%

Schedule of plan activity

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

2022

​

2021

​

2020

​

​

​

​

​

Weighted average

​

​

​

​

Weighted average

​

​

​

​

Weighted average

​

    

Options

    

exercise price

    

Options

    

exercise price

    

Options

    

exercise price

Outstanding, beginning of year

​

​

214,080

​

$

9.59

​

​

235,680

​

$

9.42

​

​

145,000

​

$

5.51

Granted

​

​

338,000

​

$

23.17

​

​

—

​

​

—

​

​

141,880

​

​

12.25

Forfeited/Lapsed

​

​

—

​

​

—

​

​

(13,000)

​

$

6.91

​

​

(20,000)

​

​

9.92

Exercised

​

​

(29,000)

 

$

5.45

​

 

(8,600)

 

$

9.04

​

 

(31,200)

 

​

3.78

Outstanding, end of period

​

​

523,080

​

$

18.59

​

 

214,080

​

$

9.59

​

 

235,680

​

$

9.42

Exercisable, end of period

​

​

176,752

​

$

14.68

​

 

98,176

​

$

8.07

​

 

70,000

​

$

6.57

Weighted average fair value at grant date of options granted

​

$

12.16

​

 

​

​

​

n/a

​

 

​

​

$

6.72

​

 

​

Total intrinsic value of options exercised

​

$

502,000

​

​

​

​

$

65,000

​

 

​

​

$

278,000

​

 

​

Total intrinsic value of options outstanding

​

$

1,916,000

​

​

​

​

$

1,840,000

​

 

​

​

$

696,000

​

 

​

Total intrinsic value of options exercisable

​

$

1,218,000

​

​

​

​

$

993,000

​

 

​

​

$

389,000

​

 

​

Schedule of options outstanding

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

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

$2.19 ‑ $24.75

​

523,080

​

8.42

​

$

18.59

​

176,752

​

$

14.68

​

​

523,080

​

8.42

​

$

18.59

​

176,752

​

$

14.68

2012 Non-Employee Stock Option Plan  
Stock Option  
Schedule of fair value and valuation assumptions

​

​

​

​

​

​

​

​

​

2022

    

2021

 

2020

 

Risk-free interest rates

1.68

%  

n/a

%

1.6

%

Expected lives

6.18 Years

​

n/a

​

10 years

​

Expected volatility

43

%  

n/a

%

44

%

Expected dividend yields

0

%  

n/a

%

0

%

Schedule of plan activity

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

2022

​

2021

​

2020

​

    

​

​

    

Weighted average

    

​

​

    

Weighted average

    

​

​

    

Weighted average

​

​

Options

​

exercise price

​

Options

​

exercise price

​

Options

​

exercise price

Outstanding, beginning of year

​

​

12,000

​

$

6.55

​

​

24,000

​

$

5.15

​

​

20,400

​

$

4.00

Granted

​

​

9,600

​

$

22.93

​

​

—

​

​

—

​

​

3,600

​

​

11.68

Forfeited/Lapsed

​

​

—

​

​

—

​

​

(9,600)

​

$

3.59

​

​

—

​

​

—

Exercised

​

​

(1,200)

​

$

4.35

​

 

(2,400)

 

$

4.35

​

 

—

 

​

—

Outstanding, end of period

​

​

20,400

​

$

14.39

​

 

12,000

​

$

6.55

​

 

24,000

​

$

5.15

Exercisable, end of period

​

​

11,280

​

$

8.92

​

 

6,240

​

$

6.04

​

 

11,520

​

$

4.18

Weighted average fair value at grant date of options granted

​

$

12.58

​

​

​

​

​

n/a

​

 

  

​

$

6.47

​

 

  

Total intrinsic value of options exercised

​

$

19,000

​

​

​

​

$

31,000

​

 

  

​

​

n/a

​

 

  

Total intrinsic value of options outstanding

​

$

149,000

​

​

​

​

$

140,000

​

 

  

​

$

157,000

​

 

  

Total intrinsic value of options exercisable

​

$

136,000

​

​

​

​

$

76,000

​

 

  

​

$

87,000

​

 

  

Schedule of options outstanding

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

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

$4.35 - $22.93

​

20,400

​

7.65

​

$

14.39

​

11,280

​

$

8.92

​

​

20,400

​

7.65

​

$

14.39

​

11,280

​

$

8.92

2018 Non-Employee Stock Option Plan  
Stock Option  
Schedule of fair value and valuation assumptions

​

​

​

​

​

​

​

​

​

​

​

2022

    

2021

 

2020

 

Risk-free interest rates

​

1.68

%

n/a

%

1.60 - 1.80

%

Expected lives

​

6.18 Years

​

n/a

​

10 years

​

Expected volatility

​

43

%

n/a

%

44 - 45

%

Expected dividend yields

​

0

%

n/a

%

—

%

Schedule of plan activity

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

2022

​

2021

​

2020

​

    

​

​

    

Weighted average

    

​

​

    

Weighted average

    

​

​

    

Weighted average

​

​

Options

 

exercise price

​

Options

 

exercise price

​

Options

 

exercise price

Outstanding, beginning of year

​

​

70,100

​

$

11.93

​

​

96,800

​

$

11.74

​

​

30,400

​

$

8.10

Granted

​

​

23,500

 

$

22.93

​

 

—

 

​

—

​

 

66,400

 

​

13.41

Forfeited/Lapsed

​

​

—

 

​

—

​

 

(23,500)

 

$

11.68

​

 

—

 

​

—

Exercised

​

​

(4,600)

 

$

10.43

​

 

(3,200)

 

$

8.10

​

 

—

 

​

—

Outstanding, end of period

​

​

89,000

​

$

14.91

​

 

70,100

​

$

11.93

​

 

96,800

​

$

11.74

Exercisable, end of period

​

​

45,040

​

$

12.98

​

 

29,960

​

$

11.68

​

 

24,480

​

$

10.98

Weighted average fair value at grant date of options granted

​

$

12.58

​

​

​

​

​

n/a

​

​

​

​

$

7.55

​

​

​

Total intrinsic value of options exercised

​

$

58,000

​

​

​

​

$

29,000

​

​

​

​

​

n/a

​

​

​

Total intrinsic value of options outstanding

​

$

561,000

​

​

​

​

$

439,000

​

​

​

​

$

110,000

​

​

​

Total intrinsic value of options exercisable

​

$

354,000

​

​

​

​

$

195,000

​

​

​

​

$

40,000

​

​

​

Schedule of options outstanding

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

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

$8.10 - $22.93

​

89,000

 

7.75

​

$

14.91

 

45,040

​

$

12.98

​

​

89,000

 

7.75

​

$

14.91

 

45,040

​

$

12.98

2020 Non-Employee Stock Option Plan  
Stock Option  
Schedule of fair value and valuation assumptions

​

​

​

​

​

​

​

​

    

2022

 

2021

 

Risk-free interest rates

 

1.68

%

0.62

%

Expected lives

 

6.18 Years

​

10

​

Expected volatility

 

43

%

45

%

Expected dividend yields

 

0

%

0

%

Schedule of plan activity

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

2022

​

2021

​

​

​

​

​

​

Weighted average

​

​

​

​

Weighted average

​

​

    

Options

    

exercise price

​

Options

    

exercise price

​

Outstanding, beginning of year

 

​

10,000

 

$

11.40

​

​

—

 

​

—

​

Granted

 

​

16,900

​

$

22.93

​

​

10,000

​

$

11.40

​

Forfeited/Lapsed

​

​

—

​

​

—

​

​

—

​

​

—

​

Exercised

 

​

—

​

 

—

​

​

—

​

 

—

​

Outstanding, end of period

 

​

26,900

​

$

18.64

​

​

10,000

​

$

11.40

​

Exercisable, end of period

 

​

7,380

​

$

16.68

​

​

2,000

​

$

11.40

​

Weighted average fair value at grant date of options granted

​

$

12.58

​

 

  

​

$

6.10

​

 

​

​

Total intrinsic value of options exercised

​

 

n/a

​

 

  

​

 

n/a

​

 

​

​

Total intrinsic value of options outstanding

​

$

92,000

​

 

  

​

$

68,000

​

 

​

​

Total intrinsic value of options exercisable

​

$

37,000

​

 

  

​

$

14,000

​

 

​

​

Schedule of options outstanding

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

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

$11.40 - $22.93

 

26,900

 

8.89

​

$

18.64

 

7,380

​

$

16.68

​

 

26,900

 

8.89

​

$

18.64

 

7,380

​

$

16.68