DEFERRED COMPENSATION:	6 Months Ended
Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]
DEFERRED COMPENSATION:	4. DEFERRED COMPENSATION: The Company owes deferred compensation to various employees, former employees and consultants totaling $1,225,226 and $714,222 as of December 31, 2023 and 2022, respectively. Included in the deferred compensation balances as of December 31, 2023, are $255,000, $652,252 and $70,450 owed William O’Neill (“O’Neill”), the Company’s CEO, Dominic Bassani (“Bassani”), the Company’s recently deceased Chief Operating Officer (who was Chief Executive Officer for a decade through April 30, 2022) (NOTE: Dominic Bassani passed away on October 11, 2023.), and Mark A. Smith (“Smith”), the Company’s President, respectively. The sums owed to Bassani and Smith are owed 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, 2022 was $481,972. O’Neill is owed balance of $255,000 and $80,000 at December 31, 2023 and 2022, respectively, pursuant to his 2021 employment agreement There is no interest accrual or conversion rights related to the deferred balance. The Company also owes various consultants and an employee, pursuant to various agreements, for deferred compensation of $175,024 and $79,750 as of December 31, 2023 and 2022, respectively, with similar conversion terms as those described above for Bassani and Smith, with the exception that the interest accrues at 0% to 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 June 30, 2024 into common shares (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 but such right is no longer in force. The Company recorded interest expense of $7,201 ($6,875 with related parties) and $4,873 ($4,345 with related parties) for the three months ended December 31, 2023 and 2022, respectively and $13,629 ($12,511 with related parties) and $9,424 ($8,464 with related parties) for the six months ended December 31, 2023 and 2022, respectively.

DEFERRED COMPENSATION:

6 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangement [Abstract]

4. DEFERRED COMPENSATION:

The Company owes deferred compensation to various employees, former employees and consultants totaling $1,225,226 and $714,222 as of December 31, 2023 and 2022, respectively. Included in the deferred compensation balances as of December 31, 2023, are $255,000, $652,252 and $70,450 owed William O’Neill (“O’Neill”), the Company’s CEO, Dominic Bassani (“Bassani”), the Company’s recently deceased Chief Operating Officer (who was Chief Executive Officer for a decade through April 30, 2022) (NOTE: Dominic Bassani passed away on October 11, 2023.), and Mark A. Smith (“Smith”), the Company’s President, respectively.

The sums owed to Bassani and Smith are owed 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, 2022 was $481,972.

O’Neill is owed balance of $255,000 and $80,000 at December 31, 2023 and 2022, respectively, pursuant to his 2021 employment agreement There is no interest accrual or conversion rights related to the deferred balance.

The Company also owes various consultants and an employee, pursuant to various agreements, for deferred compensation of $175,024 and $79,750 as of December 31, 2023 and 2022, respectively, with similar conversion terms as those described above for Bassani and Smith, with the exception that the interest accrues at 0% to 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 June 30, 2024 into common shares (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 but such right is no longer in force.

The Company recorded interest expense of $7,201 ($6,875 with related parties) and $4,873 ($4,345 with related parties) for the three months ended December 31, 2023 and 2022, respectively and $13,629 ($12,511 with related parties) and $9,424 ($8,464 with related parties) for the six months ended December 31, 2023 and 2022, respectively.