STOCKHOLDERS' EQUITY (Tables)

12 Months Ended

Jun. 30, 2021

STOCKHOLDERS' EQUITY (Tables) [Line Items]

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The assumptions utilized to estimate the fair value of options granted under the 1989 Plan are presented in the following table:

Risk-free interest rate	0.9	%
Expected volatility	70.0	%
Expected life (in years)	5.25
Expected dividend yield	1.0	%

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding and Exercisable [Table Text Block]

Class A common stock options outstanding and exercisable under the employee stock option plans at June 30, 2021, were as follows:

	Options Outstanding							Options Exercisable
	Date of Option Grant	Number Outstanding		Remaining Life in Years		Weighted Average Exercise Price ($)		Number Exercisable		Weighted Average Option Price ($)
1989 Plan Class A	06/21/21		231,000		9.98	$	6.05		-	$	-
1997 Plan Class A	03/21/18		2,000		6.72	$	2.74		2,000	$	2.74
			233,000		9.95	$	6.02		2,000	$	2.74

1989 Plan [Member]

STOCKHOLDERS' EQUITY (Tables) [Line Items]

Share-based Payment Arrangement, Activity [Table Text Block]

Stock option transactions under the 1989 Plan for the past fiscal year are summarized below. There were no options forfeited, granted, or exercised during the fiscal year ended June 30, 2020, and no options outstanding as of June 30, 2020.

thousands, except price data)	Options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life in Years		Aggregate Intrinsic Value (net of tax)
Outstanding June 30, 2020		-		n/a
Granted		231,000	$	6.05
Exercised		-		n/a
Forfeited		-		n/a
Outstanding June 30, 2021		231,000	$	6.05		9.98	$	26

1997 Plan [Member]

STOCKHOLDERS' EQUITY (Tables) [Line Items]

Share-based Payment Arrangement, Activity [Table Text Block]

Stock option transactions under the 1997 Plan for the past two fiscal years are summarized below:

(dollars in thousands, except price data)	Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life in Years		Aggregate Intrinsic Value (net of tax)
Outstanding June 30, 2019		4,000		$	7.53
Granted		-			n/a
Exercised		-			n/a
Forfeited		(2,000	)	$	12.31
Outstanding June 30, 2020		2,000		$	2.74
Granted		-			n/a
Exercised		-			n/a
Forfeited		-			n/a
Outstanding June 30, 2021		2,000		$	2.74		6.72	$	5