Note 11 - Related Party Transactions

9 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Related Party Transactions Disclosure [Text Block]

11.

     RELATED PARTY TRANSACTIONS:

The Coalition for Affordable Bay Solutions (“CABS”), a

not

-for-profit organization that engages in political and legislative lobbying and educational activities regarding the competitive bidding procurement and nutrient credit trading program in Pennsylvania (and elsewhere), shares certain key management members with the Company.

During the

three

months ended

March 31, 2020

and

2019,

the Company received

nil

for expense reimbursements from CABS, respectively, while the Company received

nil

and

$30,000

for expense reimbursements from CABS during the

nine

months ended

March 31, 2020

and

2019,

respectively. During the

three

and

nine

months ended

March 31, 2020,

the Company paid CABS

$12,720

and

$52,540,

respectively for consulting expenses. During the

three

and

nine

months ended

March 31, 2019,

the Company paid CABS

$12,500

for both periods. The Company also issued

16,000

shares of its restricted common stock valued at

$8,000

for

third

party consulting expenses on behalf of CABS during the

nine

months ended

March 31, 2019,

while there were

no

such expenses for the

nine

months ended

March 31, 2020.