Stock Options (Tables)

12 Months Ended

Jun. 30, 2024

2012 Employee Stock Option Plan

Stock Options

Schedule of fair value and valuation assumptions

	2024	2023		2022
Risk-free interest rates	n/a	3.03	%	1.64	%
Expected lives	n/a	7.27 Years		6.18 Years
Expected volatility	n/a	43	%	43	%
Expected dividend yields	n/a	0	%	0	%

Schedule of plan activity

	2024				2023				2022
			Weighted average				Weighted average				Weighted average
	Options		exercise price		Options		exercise price		Options		exercise price
Outstanding, beginning of year		521,580	$	19.37		523,080	$	18.59		214,080	$	9.59
Granted		—		—		37,500	$	26.94		338,000	$	23.17
Forfeited/Lapsed		(11,000)	$	3.16		—		—		—		-
Exercised		(147,544)	$	15.43		(39,000)	$	10.44		(29,000)	$	5.45
Outstanding, end of period		363,036	$	21.47		521,580	$	19.37		523,080	$	18.59
Exercisable, end of period		190,960	$	20.87		247,628	$	17.16		176,752	$	14.68
Weighted average fair value at grant date of options granted		n/a			$	13.36			$	12.16
Total intrinsic value of options exercised	$	3,972,000			$	822,000			$	502,000
Total intrinsic value of options outstanding	$	11,067,000			$	7,968,000			$	1,916,000
Total intrinsic value of options exercisable	$	5,936,000			$	4,330,000			$	1,218,000

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	7.16	$	21.47	190,960	$	20.87
	363,036	7.16	$	21.47	190,960	$	20.87

2012 Non-Employee Stock Option Plan

Stock Options

Schedule of fair value and valuation assumptions

	2024	2023	2022
Risk-free interest rates	n/a	n/a	1.68	%
Expected lives	n/a	n/a	6.18 Years
Expected volatility	n/a	n/a	43	%
Expected dividend yields	n/a	n/a	0	%

Schedule of plan activity

	2024				2023				2022
			Weighted average				Weighted average				Weighted average
	Options		exercise price		Options		exercise price		Options		exercise price
Outstanding, beginning of year		20,400	$	14.39		20,400	$	14.39		12,000	$	6.55
Granted		—		—		—		—		9,600	$	22.93
Forfeited/Lapsed		—		—		—		—		—		—
Exercised		—		—		—		—		(1,200)	$	4.35
Outstanding, end of period		20,400	$	14.39		20,400	$	14.39		20,400	$	14.39
Exercisable, end of period		16,560	$	12.41		13,920	$	10.99		11,280	$	8.92
Weighted average fair value at grant date of options granted		n/a				n/a			$	12.58
Total intrinsic value of options exercised		n/a				n/a			$	19,000
Total intrinsic value of options outstanding	$	766,000			$	413,000			$	149,000
Total intrinsic value of options exercisable	$	655,000			$	329,000			$	136,000

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	5.65	$	14.39	16,560	$	12.41
	20,400	5.65	$	14.39	16,560	$	12.41

2018 Non-Employee Stock Option Plan

Stock Options

Schedule of fair value and valuation assumptions

	2024	2023	2022
Risk-free interest rates	n/a	n/a	1.68	%
Expected lives	n/a	n/a	6.18 Years
Expected volatility	n/a	n/a	43	%
Expected dividend yields	n/a	n/a	0	%

Schedule of plan activity

	2024				2023				2022
			Weighted average				Weighted average				Weighted average
	Options		exercise price		Options		exercise price		Options		exercise price
Outstanding, beginning of year		75,000	$	14.83		89,000	$	14.91		70,100	$	11.93
Granted		—		—		—		—		23,500	$	22.93
Forfeited/Lapsed		—		—		—		—		—		—
Exercised		(6,100)	$	18.15		(14,000)	$	15.32		(4,600)	$	10.43
Outstanding, end of period		68,900	$	14.54		75,000	$	14.83		89,000	$	14.91
Exercisable, end of period		59,500	$	13.21		50,720	$	12.87		45,040	$	12.98
Weighted average fair value at grant date of options granted		n/a				n/a			$	12.58
Total intrinsic value of options exercised	$	141,000			$	209,000			$	58,000
Total intrinsic value of options outstanding	$	2,578,000			$	1,486,000			$	561,000
Total intrinsic value of options exercisable	$	2,305,000			$	1,104,000			$	354,000

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	68,900	5.71	$	14.54	59,500	$	13.21
	68,900	5.71	$	14.54	59,500	$	13.21

2020 Non-Employee Stock Option Plan

Stock Options

Schedule of fair value and valuation assumptions

	2024	2023		2022
Risk-free interest rates	n/a	3.03 - 3.40	%	1.68	%
Expected lives	n/a	7.23 - 7.27 Years		6.18 Years
Expected volatility	n/a	43	%	43	%
Expected dividend yields	n/a	0	%	0	%

Schedule of plan activity

	2024				2023				2022
			Weighted average				Weighted average				Weighted average
	Options		exercise price		Options		exercise price		Options		exercise price
Outstanding, beginning of year		56,900	$	23.35		26,900	$	18.64		10,000	$	11.40
Granted		—		—		30,000	$	27.57		16,900	$	22.93
Forfeited/Lapsed		—		—		—		—		—		—
Exercised		—		—		—		—		—		—
Outstanding, end of period		56,900	$	23.35		56,900	$	23.35		26,900	$	18.64
Exercisable, end of period		30,140	$	21.72		18,760	$	20.73		7,380	$	16.68
Weighted average fair value at grant date of options granted		n/a			$	13.74			$	12.58
Total intrinsic value of options exercised		n/a				n/a				n/a
Total intrinsic value of options outstanding	$	1,627,000			$	643,000			$	92,000
Total intrinsic value of options exercisable	$	911,000			$	261,000			$	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
$11.40 - $30.71	56,900	7.59	$	23.35	30,140	$	21.72
	56,900	7.59	$	23.35	30,140	$	21.72

2022 Employee Stock Option Plan

Stock Options

Schedule of fair value and valuation assumptions

	2024		2023
Risk-free interest rates	4.42 - 4.62	%	3.84	%
Expected lives	5.63 - 5.87 Years		7.28 Years
Expected volatility	56	%	45	%
Expected dividend yields	.76 - 1.01	%	0.62	%

Schedule of plan activity

	2024				2023
			Weighted average				Weighted average
	Options		exercise price		Options		exercise price
Outstanding, beginning of year		5,000	$	40.01		—		—
Granted		130,000	$	41.38		5,000	$	40.01
Forfeited/Lapsed		(5,000)		(40.01)		—		—
Exercised		—		—		—		—
Outstanding, end of period		130,000	$	41.38		5,000	$	40.01
Exercisable, end of period		26,000	$	41.38		1,000	$	40.01
Weighted average fair value at grant date of options granted	$	21.29			$	19.77
Total intrinsic value of options exercised		n/a				n/a
Total intrinsic value of options outstanding	$	1,375,000			$	—
Total intrinsic value of options exercisable	$	275,000			$	—

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 - $49.39	130,000	9.81	$	41.38	26,000	$	41.38
	130,000	9.81	$	41.38	26,000	$	41.38