401(k) Plan

9 Months Ended

Mar. 31, 2020

401(k) Plan

401(k) Plan

NOTE 10 - 401(k) Plan

The Company maintains a 401(k) plan (“the Plan”) that covers all U.S. non-union employees with one or more years of service and is qualified under Sections 401(a) and 401(k) of the Internal Revenue Code. Company contributions to this plan are discretionary and totaled $33,000 and $34,000 for the three months ended March 31, 2020 and 2019, respectively, and $98,000 and $99,000 for the nine months ended March 31, 2020 and 2019, respectively.