DEFERRED COMPENSATION	12 Months Ended
Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
DEFERRED COMPENSATION	4. DEFERRED COMPENSATION: The Company owes deferred compensation to various employees, former employees and consultants totaling $594,798 and $479,208 as of June 30, 2022 and 2021, respectively. Included in the deferred compensation balances as of June 30, 2022, are $437,508 and $10,000 owed Dominic Bassani (“Bassani”), the Company’s Chief Operating Officer (who was Chief Executive Officer until through April 30, 2022), 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 June 30, 2021 was $399,971 and 0 nil, respectively. The Company also owes various consultants and an employee, pursuant to various agreements, for deferred compensation of $74,790 and $6,738 as of June 30, 2022 and 2021, 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 (which date has subsequently been extended to June 30, 2024) 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. During the year ended June 30, 2022, Smith elected to convert $90,000 of deferred compensation into the 2020 Convertible Note. The Company recorded interest expense of $16,390 ($15,537 with related parties) and $25,838 ($12,249 with related parties) for the years ended June 30, 2022 and 2021, respectively, related to deferred compensation.

DEFERRED COMPENSATION

12 Months Ended

Jun. 30, 2022

Share-Based Payment Arrangement [Abstract]

4. DEFERRED COMPENSATION:

The Company owes deferred compensation to various employees, former employees and consultants totaling $594,798 and $479,208 as of June 30, 2022 and 2021, respectively. Included in the deferred compensation balances as of June 30, 2022, are $437,508 and $10,000 owed Dominic Bassani (“Bassani”), the Company’s Chief Operating Officer (who was Chief Executive Officer until through April 30, 2022), 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 June 30, 2021 was $399,971 and 0 nil, respectively. The Company also owes various consultants and an employee, pursuant to various agreements, for deferred compensation of $74,790 and $6,738 as of June 30, 2022 and 2021, 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 (which date has subsequently been extended to June 30, 2024) 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.

During the year ended June 30, 2022, Smith elected to convert $90,000 of deferred compensation into the 2020 Convertible Note.

The Company recorded interest expense of $16,390 ($15,537 with related parties) and $25,838 ($12,249 with related parties) for the years ended June 30, 2022 and 2021, respectively, related to deferred compensation.