Note 14 - Capital Structure and Stock-based Compensation:

12 Months Ended

Jun. 30, 2013

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

Note 14 – Capital Structure and Stock-based Compensation:

At June 30, 2013, the Company has 20,000,000 authorized shares of common stock and is authorized to issue 2,500,000 shares of preferred stock, from time to time, in one or more series and to fix the voting powers, designations, preferences and the relative participating, optional or other rights, if any, of any wholly unissued series of preferred stock.

In November 1995, the Company’s stockholders approved the 1995 Equity Participation Plan (the “1995 Plan”).  The 1995 Plan provides for the granting of options, restricted stock and stock appreciation rights (“SARs”) to key employees, directors and consultants of the Company.  Under the 1995 Plan, the maximum number of shares of common stock that can be issued upon the exercise of options or SARs, or upon the vesting of restricted stock awards, was initially 1,000,000, but the maximum number of available shares of common stock could increase by an amount equal to 1% of the total number of issued and outstanding shares of common stock as of June 30 of the fiscal year immediately preceding such fiscal year.  Each grant or issuance under the 1995 Plan is set forth in a separate agreement and indicates, as determined by the stock option committee, the type, terms, vesting period and conditions of the award.

In fiscal 2013, the Company issued a grant for 10,000 shares.  Pursuant to ASC Topic 718, “Compensation – Stock Compensation” (“ASC 718”) compensation expense is recognized over the requisite service period using the fair-value based method for all new awards calculated at the grant date.  As allowed per ASC 718, the fair value of this grant is estimated on the grant date using the Black-Scholes option pricing model with these assumptions:

Risk free interest rate		1.60	%
Option life (in years)		10
Dividend yield		7.04	%
Volatility		32.68	%
Fair value	$	2.21

The Company had stock-based compensation expense for the years ended June 30, 2013 of $5,000 and none recognized in fiscal year 2012 and 2011.  As of June 30, 2013, the Company had $18,000 of unrecognized stock-based compensation expense.

The following table summarizes activity related to stock options for the periods indicated:

	June 30,
	2013					2012					2011
	Shares			Weighted  Average  Exercise Price		Shares			Weighted Average Exercise Price		Shares			Weighted Average Exercise Price
Options outstanding at beginning of year		26,240		$	12.19		42,327		$	12.17		219,722		$	7.90
Exercised		(13,543	)		12.13		(16,087	)		12.13		(177,395	)		6.88
Granted		10,000			16.00		-			-		-			-
Options outstanding at end of year		22,697		$	13.91		26,240		$	12.19		42,327		$	12.17
Options exercisable at end of year		12,697					26,240					42,327
Shares available for issuance		1,906,175					1,811,838					1,707,622

As of June 30, 2013
Options Outstanding								Options Exercisable
Range of Exercise prices			Number Outstanding		Weighted Average Remaining Contractual Life (in years)	Weighted Average Exercise Price		Number Exercisable		Weighted Average Exercise Price
$  9.96	-	12.49		12,697	0.54	$	12.26		12,697	$	12.26
16.00	-	16.00		10,000	9.08		16.00		-		-
$  9.96	-	16.00		22,697	4.30	$	13.91		12,697	$	12.26

At June 30, 2013, the aggregate intrinsic value of options outstanding and options exercisable were $53,835.  The total intrinsic value of options exercised during the year ended June 30, 2013, 2012 and 2011 was $50,809, $44,249 and $1,302,678, respectively.