DEFERRED COMPENSATION:	9 Months Ended
Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
DEFERRED COMPENSATION:	4. DEFERRED COMPENSATION: The Company owes deferred compensation to various employees, former employees and consultants totaling $1,432,678 and $784,255 as of March 31, 2024 and 2023, respectively. Included in the deferred compensation balances as of March 31, 2024, are $322,500, $658,169 and $101,350 owed William O’Neill (“O’Neill”), the Company’s CEO, the estate/heirs of Dominic Bassani (“Bassani”), the Company’s recently deceased former Chief Operating Officer (who was Chief Executive Officer until through April 30, 2022) (NOTE: Dominic Bassani passed away on November 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 March 31, 2023 was $410,585. O’Neill is owed a balance of $322,500 and $110,000 at March 31, 2024 and 2023, 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 $278,158 and $92,355 as of March 31, 2024 and 2023, 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 $8,201 ($6,817 with related parties) and $6,817 ($4,428 with related parties) for the three months ended March 31, 2024 and 2023, respectively and $21,830 ($19,328 with related parties) and $19,328 ($12,893 with related parties) for the nine months ended March 31, 2024 and 2023, respectively.

DEFERRED COMPENSATION:

9 Months Ended

Mar. 31, 2024

Share-Based Payment Arrangement [Abstract]

4. DEFERRED COMPENSATION:

The Company owes deferred compensation to various employees, former employees and consultants totaling $1,432,678 and $784,255 as of March 31, 2024 and 2023, respectively. Included in the deferred compensation balances as of March 31, 2024, are $322,500, $658,169 and $101,350 owed William O’Neill (“O’Neill”), the Company’s CEO, the estate/heirs of Dominic Bassani (“Bassani”), the Company’s recently deceased former Chief Operating Officer (who was Chief Executive Officer until through April 30, 2022) (NOTE: Dominic Bassani passed away on November 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 March 31, 2023 was $410,585.

O’Neill is owed a balance of $322,500 and $110,000 at March 31, 2024 and 2023, 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 $278,158 and $92,355 as of March 31, 2024 and 2023, 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 $8,201 ($6,817 with related parties) and $6,817 ($4,428 with related parties) for the three months ended March 31, 2024 and 2023, respectively and $21,830 ($19,328 with related parties) and $19,328 ($12,893 with related parties) for the nine months ended March 31, 2024 and 2023, respectively.