Shareholders' Equity

12 Months Ended

Jun. 30, 2023

Federal Home Loan Banks [Abstract]

Shareholders' Equity

10. SHAREHOLDERS’ EQUITY

Employee and Directors Stock Option Plans —The 2011 Director Stock Option Plan was approved by SunLink’s shareholders at the Annual Meeting of Shareholders on November 7, 2011. This plan permits the grant of options to non-employee directors of SunLink for the purchase of up to 300,000 common shares through November 2021. No options were granted during the fiscal years ended June 30, 2023 and 2022, respectively. Options for 105,000 shares and 30,000 shares were exercised during the fiscal year ended June 30, 2023 and 2022, respectively. Options outstanding under the plan were 95,000 shares at June 30, 2023. No additional awards may be granted under this plan.

The 2005 Equity Incentive Plan approved by SunLink’s shareholders on November 7, 2005 permitted the grant of options to employees, non-employee directors and service providers of SunLink for the purchase of up to 800,000 common shares plus the number of unused shares under its 2001 Plans, which were 30,675. Options for 90,000 common shares were exercised during the fiscal year ended June 30, 2023. No options have been exercised under this Plan during the fiscal year ended June 30, 2022. No option shares were granted during the fiscal years ended June 30, 2023 and 2022, respectively. Options outstanding under this Plan were 90,000 at June 30, 2023. No additional awards may be granted under this plan.

The activity of Company’s share options is shown in the following table:

	Number of Shares			Weighted- Average Exercise Price		Range of Exercise Prices
Options outstanding June 30, 2021		410,000		$	1.34	$0.71-$1.79
Granted		0		NA		NA
Exercised		(30,000	)	$	1.67	$	1.67
Options outstanding June 30, 2022		380,000		$	1.31	$0.71-$1.79
Granted		0		NA		NA
Exercised		(195,000	)		1.22	$0.71-$1.38
Options outstanding June 30, 2023		185,000		$	1.41	$0.71 - $1.79
Options exercisable June 30, 2022		380,000		$	1.31	$0.71 - $1.79
Options exercisable June 30, 2023		185,000		$	1.41	$0.71 - $1.79

For the fiscal years ended June 30, 2023 and 2022 , the Company recognized no compensation expense for share options issued. As of June 30, 2023 and 2022, there was no unrecognized compensation cost related to nonvested share-based compensation arrangements granted under the Plans.

Information with respect to stock options outstanding and exercisable at June 30, 2023 is as follows:

Exercise Prices		Number Outstanding		Weighted-Average Remaining Contractual Life (in years)		Number Exercisable
$	0.71		9,000		0.21		9,000
$	1.21		36,000		3.21		36,000
$	1.38		30,000		6.20		30,000
$	1.49		90,000		1.21		90,000
$	1.79		20,000		2.20		20,000
			185,000		2.46		185,000

Options for 195,000 shares were exercised during the year ended June 30, 2023. Options for 30,000 shares were exercised during the year ended June 30, 2022. As of June 30, 2023 and 2022, the aggregate intrinsic value of options outstanding and options exercisable were $3 and $3, respectively.

Accumulated Other Comprehensive Income (Loss) —Information with respect to the balances of each classification within accumulated other comprehensive income is as follows:

	Minimum Pension Liability Adjustment			Accumulated Other Comprehensive Income (Loss)
June 30, 2021	$	(162	)	$	(162	)
Current period change		268			268
June 30, 2022	$	106		$	106
Current period change		44			44
June 30, 2023	$	150		$	150