DEFERRED COMPENSATION	6 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement [Abstract]
DEFERRED COMPENSATION	4. DEFERRED COMPENSATION: The Company owes deferred compensation to various employees, former employees and consultants totaling $477,374 and $998,474 as of December 31, 2021 and 2020, respectively. Included in the deferred compensation balances as of December 31, 2021, are $374,015 and nil owed Dominic Bassani (“Bassani”), the Company’s Chief Executive Officer, and Mark A. Smith (“Smith”), the Company’s President, respectively, pursuant to extension agreements effective January 1, 2015, whereby unpaid compensation earned after January 1, 2015, accrues interest at 4% per annum and can be converted into shares of the Company’s common stock at the election of the employee during the first five calendar days of any month. The conversion price shall be the average closing price of the Company’s common stock for the last 10 trading days of the immediately preceding month. The deferred compensation owed Bassani and Smith as of December 31, 2020 was $307,260 and $71,699, respectively. The Company also owes various consultants and an employee, pursuant to various agreements, for deferred compensation of $30,859 and $512,432 as of December 31, 2021 and 2020, respectively, with similar conversion terms as those described above for Bassani and Smith, with the exception that the interest accrues at 3% per annum. The Company also owes a former employee $72,500, which is not convertible and is non-interest bearing. Bassani and Smith have each been granted the right to convert up to $300,000 of deferred compensation balances at a price of $0.75 per share until December 31, 2022 (to be issued pursuant to the 2006 Plan). Smith also has the right to convert all or part of his deferred compensation balance into the Company’s securities (to be issued pursuant to the 2006 Plan) “at market” and/or on the same terms as the Company is selling or has sold its securities in its then current (or most recent if there is no current) private placement. Smith also received the right to transfer future deferred compensation to his 2020 Convertible Obligation at his election. The Company recorded interest expense of $4,268 ($4,095 with related parties) and $6,693 ($2,950 with related parties) for the three months ended December 31, 2021 and 2020, respectively, and $8,300 ($8,044 with related parties) and $12,476 ($5,159 with related parties) for the six months ended December 31, 2021 and 2020, respectively.

DEFERRED COMPENSATION

6 Months Ended

Dec. 31, 2021

Share-based Payment Arrangement [Abstract]

4. DEFERRED COMPENSATION:

The Company owes deferred compensation to various employees, former employees and consultants totaling $477,374 and $998,474 as of December 31, 2021 and 2020, respectively. Included in the deferred compensation balances as of December 31, 2021, are $374,015 and nil owed Dominic Bassani (“Bassani”), the Company’s Chief Executive Officer, and Mark A. Smith (“Smith”), the Company’s President, respectively, pursuant to extension agreements effective January 1, 2015, whereby unpaid compensation earned after January 1, 2015, accrues interest at 4% per annum and can be converted into shares of the Company’s common stock at the election of the employee during the first five calendar days of any month. The conversion price shall be the average closing price of the Company’s common stock for the last 10 trading days of the immediately preceding month. The deferred compensation owed Bassani and Smith as of December 31, 2020 was $307,260 and $71,699, respectively. The Company also owes various consultants and an employee, pursuant to various agreements, for deferred compensation of $30,859 and $512,432 as of December 31, 2021 and 2020, respectively, with similar conversion terms as those described above for Bassani and Smith, with the exception that the interest accrues at 3% per annum. The Company also owes a former employee $72,500, which is not convertible and is non-interest bearing.

Bassani and Smith have each been granted the right to convert up to $300,000 of deferred compensation balances at a price of $0.75 per share until December 31, 2022 (to be issued pursuant to the 2006 Plan). Smith also has the right to convert all or part of his deferred compensation balance into the Company’s securities (to be issued pursuant to the 2006 Plan) “at market” and/or on the same terms as the Company is selling or has sold its securities in its then current (or most recent if there is no current) private placement. Smith also received the right to transfer future deferred compensation to his 2020 Convertible Obligation at his election.

The Company recorded interest expense of $4,268 ($4,095 with related parties) and $6,693 ($2,950 with related parties) for the three months ended December 31, 2021 and 2020, respectively, and $8,300 ($8,044 with related parties) and $12,476 ($5,159 with related parties) for the six months ended December 31, 2021 and 2020, respectively.