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Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2023
Pay vs Performance Disclosure      
Pay vs Performance Disclosure, Table

PAY VERSUS PERFORMANCE

 

The following table presents certain information regarding compensation paid to the Company’s Principal Executive Officer (“PEO”) and other Named Executive Officers (“Other NEOs” or “Non-PEOs”), and certain measures of financial performance, for the years ended June 30, 2025, 2024 and 2023. The amounts shown below are calculated in accordance with Item 402(v) of Regulation S-K. The Compensation Committee believes that the 2024 compensation decisions for the PEO and Non-PEOs are reflective of the Company’s overall operating, strategic, financial and stock price performance and thus are aligned with shareholders.

 

Pay Versus Performance Table

 

Year

  

Summary

Compensation

Table Total

for PEO (1)

    

Compensation

Actually Paid

to PEO (1)

    

Average

Summary

Compensation

Total for

Non-PEO

Named

Executive

Officers (2)

    

Value of

Initial

$100

Investment

based on

Total

Shareholder

Return (3)

    

Net

Income

($)

  
                                         

2025

   $ 1,853,310     $ 2,272,752     $ 460,700     $ 280     $ 6,617,821  

2024

   $ 1,759,811     $ 5,798,880     $ 448,750     $ 277     $ 5,408,645  

2023

   $ 1,665,685     $ 6,085,358     $ 471,185     $ 183     $ 5,003,845  

 

    
PEO Total Compensation Amount $ 1,853,310 $ 1,759,811 $ 1,665,685
PEO Actually Paid Compensation Amount $ 2,272,752 5,798,880 6,085,358
Adjustment To PEO Compensation, Footnote

(1)

Randall K. Fields served as the Company’s PEO during the fiscal years presented. The following amounts were added and deducted from the Summary Compensation Table (“SCT”) amount to determine the compensation actually paid to the PEO in accordance with SEC regulations:

 

Adjustments to Determine Compensation “Actually Paid”

  

Year Ended

June 30,

2025

    

Year Ended

June 30,

2024

    

Year Ended
June 30,

2023

  

Deduction for Amount Reported under the “Stock Awards” column in the SCT

   $ -     $ -     $ -  

Deduction for Amount Reported under the “Option Awards” column in the SCT

     -       -       -  

Increase for the Fair Value of Awards Granted during year that remain unvested as of year-end

     -       -       -  

Decrease for the Fair Value of Awards Granted during year that remain vested as of year-end

     -       -       -  

Increase/deduction for Change in Fair Value from prior year-end to current year-end of Awards Granted prior to year-end that were outstanding and unvested as of year-end

     419,442       4,039,069       4,419,673  

Increase/deduction for Change in Fair Value from prior year-end to Vesting Date of Awards Granted prior to year-end that vested during year

     -       -       -  

Total Adjustments

   $ 419,442     $ 4,039,069     $ 4,419,673  

 

 

    
Non-PEO NEO Average Total Compensation Amount $ 460,700 448,750 471,185
Adjustment to Non-PEO NEO Compensation Footnote

(2)

John R. Merrill and Edward L. Clissold were our Other NEOs during the fiscal years presented. The following amounts were added and deducted from the SCT amount to determine the compensation actually paid to the Other NEOs in accordance with SEC regulations.

 

Adjustments to Determine Compensation “Actually Paid”

  

Year Ended

June 30,

2025

    

Year Ended

June 30,

2024

    

Year Ended
June 30,

2023

  

Deduction for Amount Reported under the “Stock Awards” column in the SCT

   $ (48,200 )   $ (48,200 )   $ (48,200 )

Deduction for Amount Reported under the “Option Awards” column in the SCT

     -       -       -  

Decrease for the Fair Value of Awards Granted during year that remain unvested as of year-end

     -       -       -  

Increase for the Fair Value of Awards Granted during year that remain vested as of year-end

     -       -       -  

Increase/deduction for Change in Fair Value from prior year-end to current year-end of Awards Granted prior to year-end that were outstanding and unvested as of year-end

     72,000       156,000       227,600  

Increase/deduction for Change in Fair Value from prior year-end to Vesting Date of Awards Granted prior to year-end that vested during year

     (11,850 )     104,000       56,900  

Total Adjustments

   $ 11,950     $ 211,800     $ 236,300  

 

    
Total Shareholder Return Amount $ 280 277 183
Net Income (Loss) 6,617,821 5,408,645 5,003,845
PEO      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 419,442 4,039,069 4,419,673
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0 0
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 419,442 4,039,069 4,419,673
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0 0
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0 0
PEO | Deduction For Amount Reported Under The "Stock Awards" Column In The SCT [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0 0
PEO | Deduction For Amount Reported Under The "Option Awards" Column In The SCT [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0 0
Non-PEO NEO      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 11,950 211,800 236,300
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0 0
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 72,000 156,000 227,600
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0 0
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (11,850) 104,000 56,900
Non-PEO NEO | Deduction For Amount Reported Under The "Stock Awards" Column In The SCT [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (48,200) (48,200) (48,200)
Non-PEO NEO | Deduction For Amount Reported Under The "Option Awards" Column In The SCT [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ 0 $ 0 $ 0