Note M - Contingencies

12 Months Ended

Jun. 30, 2021

Notes to Financial Statements

Legal Matters and Contingencies [Text Block]

M. Contingencies

From time to time, we become involved in various investigations, claims and legal proceedings that arise in the ordinary course of our business. These matters

may

relate to product liability, employment, intellectual property, tax, regulation, contract or other matters. The resolution of these matters as they arise will be subject to various uncertainties and, even if such claims are without merit, could result in the expenditure of significant financial and managerial resources. While unfavorable outcomes are possible, based on available information, we generally do

not

believe the resolution of these matters will result in a material adverse effect on our business, consolidated financial condition, or results of operations and the price of our common stock. However, a settlement payment or unfavorable outcome could adversely impact our results of operations. Our evaluation of the likely impact of these actions could change in the future and we could have unfavorable outcomes we do

not

expect.

COVID-

19

Pandemic

The Company continues to monitor and evaluate the risks to public health and the impact on overall global business activity related to the COVID-

19

pandemic, including potential impacts on our employees, customers, suppliers and financial results. As the situation remains fluid, it is difficult to predict the duration and scope of the pandemic and its impact on the Company's business. However, it

may

result in a material adverse impact to the Company's financial position, operations and cash flows if conditions persist or worsen.