Stock Option (Tables)

9 Months Ended

Mar. 31, 2024

2012 Employee Stock Option Plan

Stock Option

Schedule of fair value and valuation assumptions

	2024	2023
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

	2024				2023
			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		(11,000)	$	3.15		—		—
Exercised		(147,544)	$	15.43		(38,000)	$	10.63
Outstanding, end of period		363,036	$	21.47		522,580	$	19.34
Exercisable, end of period		178,984	$	21.59		236,652	$	17.47
Weighted average fair value at grant date of options granted		n/a			$	13.36
Total intrinsic value of options exercised	$	3,972,000			$	787,000
Total intrinsic value of options outstanding	$	6,787,000			$	9,531,000
Total intrinsic value of options exercisable	$	3,323,000			$	4,760,000

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
$10.02 ‑ $26.94	363,036	7.41	$	21.47	178,984	$	21.59
	363,036	7.41	$	21.47	178,984	$	21.59

2012 Non-Employee Stock Option Plan

Stock Option

Schedule of fair value and valuation assumptions

	2024	2023
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

	2024				2023
			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		16,560	$	12.41		13,920	$	10.99
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	$	526,000			$	473,000
Total intrinsic value of options exercisable	$	460,000			$	370,000

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	5.90	$	14.39	16,560	$	12.41
	20,400	5.90	$	14.39	16,560	$	12.41

2018 Non-Employee Stock Option Plan

Stock Option

Schedule of fair value and valuation assumptions

	2024	2023
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

	2024				2023
			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		(3,100)	$	18.98		(11,500)	$	15.14
Outstanding, end of period		71,900	$	14.65		77,500	$	14.88
Exercisable, end of period		62,500	$	13.41		53,220	$	13.03
Weighted average fair value at grant date of options granted		n/a				n/a
Total intrinsic value of options exercised	$	59,000			$	164,000
Total intrinsic value of options outstanding	$	1,834,000			$	1,760,000
Total intrinsic value of options exercisable	$	1,672,000			$	1,307,000

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	71,900	5.99	$	14.65	62,500	$	13.41
	71,900	5.99	$	14.65	62,500	$	13.41

2020 Non-Employee Stock Option Plan

Stock Option

Schedule of fair value and valuation assumptions

	2024	2023
Risk-free interest rates	n/a	3.03 - 3.40	%
Expected lives	n/a	7.23 - 7.27 Years
Expected volatility	n/a	43	%
Expected dividend yields	n/a	0	%

Schedule of plan activity

	2024				2023
			Weighted average				Weighted average
	Options		exercise price		Options		exercise price
Outstanding, beginning of year		56,900	$	23.35		26,900	$	18.64
Granted		—		—		30,000	$	27.57
Forfeited/Lapsed		—		—		—		—
Exercised		—		—		—		—
Outstanding, end of period		56,900	$	23.35		56,900	$	23.35
Exercisable, end of period		30,140	$	21.72		18,760	$	20.73
Weighted average fair value at grant date of options granted		n/a			$	13.74
Total intrinsic value of options exercised		n/a				n/a
Total intrinsic value of options outstanding	$	957,000			$	810,000
Total intrinsic value of options exercisable	$	556,000			$	316,000

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	7.84	$	23.35	30,140	$	21.72
	56,900	7.84	$	23.35	30,140	$	21.72

2022 Employee Stock Option Plan

Stock Option

Schedule of fair value and valuation assumptions

	2024
Risk-free interest rates	4.66	%
Expected lives	5.76 Years
Expected volatility	48.71	%
Expected dividend yields	1.48	%

Schedule of plan activity

	2024
			Weighted average
	Options		exercise price
Outstanding, beginning of year		5,000	$	40.01
Granted		10,000	$	21.60
Forfeited/Lapsed		(5,000)	$	(40.01)
Exercised		—		—
Outstanding, end of period		10,000	$	21.60
Exercisable, end of period		2,000	$	21.60
Weighted average fair value at grant date of options granted	$	9.75
Total intrinsic value of options exercised		n/a
Total intrinsic value of options outstanding	$	186,000
Total intrinsic value of options exercisable	$	37,000

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
$21.60	10,000	9.52	$	21.60	2,000	$	21.60
	10,000	9.52	$	21.60	2,000	$	21.60