Note 14 - Subsequent Events

9 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Subsequent Events [Text Block]

Note

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4

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Subsequent Events

To the extent that pandemic-related events do

not

provide evidence about conditions that existed at the balance-sheet date, the Company considers it necessary to disclose it cannot estimate all aspects of the on-going impact on the financial statements as a result of COVID-

19.

There are many uncertainties regarding the COVID-

19

pandemic, and the Company is closely monitoring the impact on its business, including the impact on its customers, employees, suppliers, vendors, business partners and distribution channels. The Company is unable to predict the impact that COVID-

19

will have on its financial position and operating results due to numerous uncertainties. The Company expects to continue to assess the evolving impact and intends to make adjustments to its responses accordingly.

As a result of the COVID-

19

pandemic and in response to government mandates or recommendations, the Company has initiated several measures to protect the health and safety of our employees, consumers and communities that have negatively impacted its business, including following state guidelines for social distancing such as, but

not

limited to, modifying shift schedules, supporting office-base employees working remotely, educating employees and making accommodations related to personal and workplace hygiene, mandating the wearing of masks, daily monitoring of employee’s temperature and regularly communicating accordingly.  To immediately address the immediate financial crisis management implemented plans globally in an effort to control variable cost and to preserve cash.   These actions included, but are

not

limited to, wage and salary reductions, furloughs, reduced work weeks and layoffs.