Stock Option (Tables)

3 Months Ended

Sep. 30, 2022

2012 Employee Stock Option Plan

Stock Option

Schedule of fair value and valuation assumptions

	2022		2021
Risk-free interest rates	3.03	%	n/a
Expected lives	7.27 Years		n/a
Expected volatility	43	%	n/a
Expected dividend yields	0	%	n/a

Schedule of plan activity

	2022				2021
			Weighted average				Weighted average
	Options		exercise price		Options		exercise price
Outstanding, beginning of year		523,080	$	18.59		214,080	$	9.59
Granted		37,500	$	26.94		—		—
Forfeited/Lapsed		—		—		—		—
Exercised		(5,200)	$	8.64		(5,000)	$	3.16
Outstanding, end of period		555,380	$	19.25		209,080	$	9.74
Exercisable, end of period		183,852	$	15.26		97,976	$	8.48
Weighted average fair value at grant date of options granted	$	13.36				n/a
Total intrinsic value of options exercised	$	107,000			$	94,000
Total intrinsic value of options outstanding	$	5,684,000			$	2,467,000
Total intrinsic value of options exercisable	$	2,586,000			$	1,280,000

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
$2.99 ‑ $26.94	555,380	8.30	$	19.25	183,852	$	15.26
	555,380	8.30	$	19.25	183,852	$	15.26

2012 Non-Employee Stock Option Plan

Stock Option

Schedule of fair value and valuation assumptions

	2022	2021
Risk-free interest rates	n/a	n/a
Expected lives	n/a	n/a
Expected volatility	n/a	n/a
Expected dividend yields	n/a	n/a

Schedule of plan activity

	2022				2021
			Weighted average				Weighted average
	Options		exercise price		Options		exercise price
Outstanding, beginning of year		20,400	$	14.39		12,000	$	6.55
Granted		—		—		—		—
Forfeited/Lapsed		—		—		—		—
Exercised		—		—		—		—
Outstanding, end of period		20,400	$	14.39		12,000	$	6.55
Exercisable, end of period		11,280	$	8.92		6,240	$	6.04
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	$	300,000			$	180,000
Total intrinsic value of options exercisable	$	227,000			$	97,000

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	7.40	$	14.39	11,280	$	8.92
	20,400	7.40	$	14.39	11,280	$	8.92

2018 Non-Employee Stock Option Plan

Stock Option

Schedule of fair value and valuation assumptions

	2022	2021
Risk-free interest rates	n/a	n/a
Expected lives	n/a	n/a
Expected volatility	n/a	n/a
Expected dividend yields	n/a	n/a

Schedule of plan activity

	2022				2021
			Weighted average				Weighted average
	Options		exercise price		Options		exercise price
Outstanding, beginning of year		89,000	$	14.91		70,100	$	11.93
Granted		—		—		—		—
Forfeited/Lapsed		—		—		—		—
Exercised		(6,300)	$	14.41		—		—
Outstanding, end of period		82,700	$	14.95		70,100	$	11.93
Exercisable, end of period		38,740	$	12.75		29,960	$	11.68
Weighted average fair value at grant date of options granted		n/a				n/a
Total intrinsic value of options exercised	$	99,000				n/a
Total intrinsic value of options outstanding	$	1,169,000			$	674,000
Total intrinsic value of options exercisable	$	633,000			$	295,000

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	82,700	7.53	$	14.95	38,740	$	12.75
	82,700	7.53	$	14.95	38,740	$	12.75

2020 Non-Employee Stock Option Plan

Stock Option

Schedule of fair value and valuation assumptions

	2022		2021
Risk-free interest rates	3.03	%	n/a
Expected lives	7.27 Years		n/a
Expected volatility	43	%	n/a
Expected dividend yields	0	%	n/a

Schedule of plan activity

	2022				2021
			Weighted average				Weighted average
	Options		exercise price		Options		exercise price
Outstanding, beginning of year		26,900	$	18.64		10,000	$	11.40
Granted		25,000	$	26.94		—		—
Forfeited/Lapsed		—		—		—		—
Exercised		—		—		—		—
Outstanding, end of period		51,900	$	22.64		10,000	$	11.40
Exercisable, end of period		14,380	$	19.51		4,000	$	11.40
Weighted average fair value at grant date of options granted	$	13.36			$	n/a
Total intrinsic value of options exercised		n/a				n/a
Total intrinsic value of options outstanding	$	334,000			$	101,000
Total intrinsic value of options exercisable	$	138,000			$	41,000

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 - $26.94	51,900	9.25	$	22.64	14,380	$	19.51
	51,900	9.25	$	22.64	14,380	$	19.51