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SUBSEQUENT EVENTS (Tables)

3 Months Ended

Sep. 30, 2022

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

SCHEDULE OF DEFERRED COMPENSATION ARRANGEMENT WITH INDIVIDUAL

On October 31, 2022, the Compensation Committee and the Board approved the following cash bonuses to the following executive officers, whereby the final cash bonus payout was determined based on a payout percentage of the executive’s previous target cash bonus for fiscal year 2022:

 SCHEDULE OF DEFERRED COMPENSATION ARRANGEMENT WITH INDIVIDUAL

Name		Position		Target Cash Bonus				Payout Percentage				Cash Bonus Payout
Ronald F. Dutt		Chief Executive Officer		$	137,500				40	%		$	55,055.00
Charles Scheiwe		Chief Financial Officer		$	71,820				40	%		$	28,756.73

SCHEDULE OF DEFERRED COMPENSATION ARRANGEMENT WITH INDIVIDUAL, SHARE BASED COMPENSATION

The following executive officers of the Company were granted Options under the 2021 Plan in such number and vesting schedule set forth as follows:

 SCHEDULE OF DEFERRED COMPENSATION ARRANGEMENT WITH INDIVIDUAL, SHARE BASED COMPENSATION

Name		Position		Options*		Vesting Schedule
Ronald F. Dutt		Chief Executive Officer		80,175		Four (4) equal annual installments commencing one year after the Grant Date
Charles Scheiwe		Chief Financial Officer		41,878		Four (4) equal annual installments commencing one year after the Grant Date

* Subject to $100,000 ISO limitation under the 2021 Plan

2023 Bonus Plan [Member]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

SCHEDULE OF DEFERRED COMPENSATION ARRANGEMENT WITH INDIVIDUAL

The Compensation Committee approved the target cash bonuses under the 2023 Bonus based on the base salary for fiscal year 2023 for the following executive officers:

 SCHEDULE OF DEFERRED COMPENSATION ARRANGEMENT WITH INDIVIDUAL

Name		Position		Base Salary				Bonus Percentage of Base Salary				Total Target Payout				Maximum Payout(1)
Ronald F. Dutt		Chief Executive Officer		$	300,000	(2)			75	%		$	225,000			$	270,000
Charles Scheiwe		Chief Financial Officer		$	205,200				35	%		$	71,820			$	86,184

⁽¹⁾ Subject to a bonus cap for achieving above set revenue target and a payout cap for achieving 10% positive Adjusted EBITDA.

⁽²⁾ To be effective during the second fiscal quarter of 2023.

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Tabular disclosure of arrangements with individual employees that are not equity-based payments or pensions and other postretirement benefits, which are generally employment contracts between the entity and selected officers or key employees containing a promise by the employer to pay certain amounts at designated future dates, usually including a period after retirement, upon compliance with stipulated requirements. This type of arrangement is distinguished from broader based employee benefit plans as it is usually tailored to the employee. Examples may include profit sharing, deferred bonuses or certain split-dollar life insurance arrangements. Disclosure also typically includes the amount of related compensation expense recognized during the reporting period and the carrying amount as of the balance sheet date of the related liability.

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Tabular disclosure of an equity-based arrangement (such as stock or unit options and stock or unit awards) with an individual employee, which is generally an employment contract between the entity and a selected officer or key employee containing a promise by the employer to pay certain equity-based awards at future dates, sometimes including a period after retirement, upon compliance with stipulated requirements. This type of arrangement is distinguished from broader based employee benefit plans as it is usually tailored to the employee. Disclosure also typically includes the amount of related compensation expense recognized during the reporting period, the number of shares or units issued during the period under such arrangements, and the carrying amount as of the balance sheet date of the related liability.

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