Quarterly report pursuant to Section 13 or 15(d)

Note 9 - Share-Based Compensation

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Note 9 - Share-Based Compensation
 3 Months Ended
Sep. 30, 2015
Notes to Financial Statements  
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]
(9)
Share-Based Compensation
 
All options are issued at the closing stock price on each grant date, and have a contractual term of 10 years. A summary of stock option activity occurring during the three months ended September 30, 2015 is presented below:
 
 
Options
  
Shares
  
Outstanding - June 30, 2015
     994,888  
Granted
     24,367  
Exercised
     (7,328 )
Canceled (forfeited/expired)
     (10,800 )
Outstanding - September 30, 2015
     1,001,127  
Exercisable - September 30, 2015
     555,252  
 
At September 30, 2015, there were 1,368,833 shares of common stock available for future issuance pursuant to the 1992 Stock Option Plan.