Note 9 - Related Party Transactions

12 Months Ended

Jun. 30, 2019

Notes to Financial Statements

Related Party Transactions Disclosure [Text Block]

9.

     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 year ended

June 30, 2017

the Company recorded expenses of

$165,650

for consulting costs incurred on behalf of CABS (the Company contributed

$68,900

to CABS and issued

129,000

shares of its restricted common stock valued at

$96,750

to pay

third

party consultants for services to CABS) and during the year ended

June 30, 2018,

the Company received reimbursements from CABS for the prior year expenses of

$41,000

incurred by the Company in providing support for CABS.

During the year ended

June 30, 2019,

the Company received

$30,000

for expense reimbursements from CABS. 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 year ended

June 30, 2019

and paid CABS

$37,220

in consulting fees.

During the year ended

June 30, 2019,

the Company determined that it had made omissions in

not

disclosing certain related party transactions with CABS during the years ended

June 30, 2018

and

2017.

  The Company determined the omissions are immaterial and prior year financial statements and reports previously filed, would

not

have to be amended.