Shareholders' Equity

12 Months Ended

Jun. 30, 2022

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, 2022 and 2021, respectively. Options for 30,000 shares and 70,000 shares were exercised during the fiscal year ended June 30, 2022 and 2021, respectively. Options outstanding under the plan were 200,000 shares at June 30, 2022. 

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. As of June 30, 2022, no options have been exercised under this

Plan. No option shares were granted during the fiscal years ended June 30, 2022 and 2021, respectively. Options outstanding under this Plan were 180,000 at June 30, 2022 and 2021, respectively. 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, 2020		480,000		$	1.35	$1.79 - $2.09
Granted		0		NA		NA
Exercised		(70,000	)		1.39	$0.71-$1.79
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
Options exercisable June 30, 2021		410,000		$	1.34	$0.71 - $1.79
Options exercisable June 30, 2022		380,000		$	1.31	$0.71 - $1.79

For the fiscal years ended June 30, 2022 and 2021 , the Company recognized no compensation expense for share options issued. As of June 30, 2022 and 2021, 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, 2022 is as follows:

Exercise Prices		Number Outstanding		Weighted-Average Remaining Contractual Life (in years)		Number Exercisable
$	0.71		12,000		1.21		12,000
$	1.21		48,000		4.21		48,000
$	1.22		170,000		0.18		170,000
$	1.38		40,000		7.20		40,000
$	1.49		90,000		2.18		90,000
$	1.79		20,000		3.20		20,000
			380,000		2.09		380,000

  Options for 30,000 shares were exercised during the year ended June 30, 2022. Options for 70,000 shares were exercised during the year ended June 30, 2021. As of June 30, 2022 and 2021, the aggregate intrinsic value of options outstanding and options exercisable were $3 and $$594, respectively.

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

	Minimum Pension Liability Adjustment			Accumulated Other Comprehensive Loss
June 30, 2020	$	(339	)	$	(339	)
Current period change		177			177
June 30, 2021	$	(162	)	$	(162	)
Current period change		268			268
June 30, 2022	$	106		$	106