Stock Option (Tables)

3 Months Ended

Sep. 30, 2023

2012 Employee Stock Option Plan

Stock Option

Schedule of fair value and valuation assumptions

	2023	2022
Risk-free interest rates	n/a	3.03	%
Expected lives	n/a	7.27 Years
Expected volatility	n/a	43	%
Expected dividend yields	n/a	0	%

Schedule of plan activity

	2023				2022
			Weighted average				Weighted average
	Options		exercise price		Options		exercise price
Outstanding, beginning of year		521,580	$	19.37		523,080	$	18.59
Granted		—		—		37,500	$	26.94
Forfeited/Lapsed		—		—		—		—
Exercised		—		—		(5,200)	$	8.64
Outstanding, end of period		521,580	$	19.37		555,380	$	19.25
Exercisable, end of period		258,328	$	17.40		183,852	$	15.26
Weighted average fair value at grant date of options granted		n/a			$	13.36
Total intrinsic value of options exercised		n/a			$	107,000
Total intrinsic value of options outstanding	$	1,763,000			$	5,684,000
Total intrinsic value of options exercisable	$	1,358,000			$	2,586,000

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
$3.15 ‑ $26.94	521,580	7.42	$	19.37	258,328	$	17.40
	521,580	7.42	$	19.37	258,328	$	17.40

2012 Non-Employee Stock Option Plan

Stock Option

Schedule of fair value and valuation assumptions

	2023	2022
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

	2023				2022
			Weighted average				Weighted average
	Options		exercise price		Options		exercise price
Outstanding, beginning of year		20,400	$	14.39		20,400	$	14.39
Granted		—		—		—		—
Forfeited/Lapsed		—		—		—		—
Exercised		—		—		—		—
Outstanding, end of period		20,400	$	14.39		20,400	$	14.39
Exercisable, end of period		13,920	$	10.99		11,280	$	8.92
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	$	167,000			$	300,000
Total intrinsic value of options exercisable	$	159,000			$	227,000

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	6.40	$	14.39	13,920	$	10.99
	20,400	6.40	$	14.39	13,920	$	10.99

2018 Non-Employee Stock Option Plan

Stock Option

Schedule of fair value and valuation assumptions

	2023	2022
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

	2023				2022
			Weighted average				Weighted average
	Options		exercise price		Options		exercise price
Outstanding, beginning of year		75,000	$	14.83		89,000	$	14.91
Granted		—		—		—		—
Forfeited/Lapsed		—		—		—		—
Exercised		—		—		(6,300)	$	14.41
Outstanding, end of period		75,000	$	14.83		82,700	$	14.95
Exercisable, end of period		50,720	$	12.87		38,740	$	12.75
Weighted average fair value at grant date of options granted		n/a				n/a
Total intrinsic value of options exercised		n/a			$	99,000
Total intrinsic value of options outstanding	$	570,000			$	1,169,000
Total intrinsic value of options exercisable	$	480,000			$	633,000

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	75,000	6.51	$	14.83	50,720	$	12.87
	75,000	6.51	$	14.83	50,720	$	12.87

2020 Non-Employee Stock Option Plan

Stock Option

Schedule of fair value and valuation assumptions

	2023	2022
Risk-free interest rates	n/a	3.03	%
Expected lives	n/a	7.27 Years
Expected volatility	n/a	43	%
Expected dividend yields	n/a	0	%

Schedule of plan activity

	2023				2022
			Weighted average				Weighted average
	Options		exercise price		Options		exercise price
Outstanding, beginning of year		56,900	$	23.35		26,900	$	18.64
Granted		—		—		25,000	$	26.94
Forfeited/Lapsed		—		—		—		—
Exercised		—		—		—		—
Outstanding, end of period		56,900	$	23.35		51,900	$	22.64
Exercisable, end of period		25,760	$	21.21		14,380	$	19.51
Weighted average fair value at grant date of options granted		n/a			$	13.36
Total intrinsic value of options exercised		n/a				n/a
Total intrinsic value of options outstanding	$	109,000			$	334,000
Total intrinsic value of options exercisable	$	87,000			$	138,000

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 - $30.71	56,900	8.34	$	23.35	25,760	$	21.21
	56,900	8.34	$	23.35	25,760	$	21.21

2022 Employee Stock Option Plan

Stock Option

Schedule of fair value and valuation assumptions

	2023
Risk-free interest rates	n/a
Expected lives	n/a
Expected volatility	n/a
Expected dividend yields	n/a

Schedule of plan activity

	2023
			Weighted average
	Options		exercise price
Outstanding, beginning of year		5,000	$	40.01
Granted		—		—
Forfeited/Lapsed		(5,000)	$	(40.01)
Exercised		—		—
Outstanding, end of period		—		—
Exercisable, end of period		—		—
Weighted average fair value at grant date of options granted		n/a
Total intrinsic value of options exercised		n/a
Total intrinsic value of options outstanding		n/a
Total intrinsic value of options exercisable		n/a

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
n/a	—	—	$	—	—	$	—
	—	—	$	—	—	$	—