401(k) Plan

6 Months Ended

Dec. 31, 2023

401(k) Plan

401(k) Plan

NOTE 12 - 401(k) Plan

The Company maintains a 401(k) plan (“the Plan”) that covers all U.S. employees and is qualified under Sections 401(a) and 401(k) of the Internal Revenue Code. Company contributions to this plan are discretionary and totaled $58,000 and $61,000 for the three months ended December 31, 2023 and 2022, respectively. Company contributions to this plan totaled $119,000 and $123,000 for the six months ended December 31, 2023 and 2022, respectively.