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SUBSEQUENT EVENTS (Tables)

3 Months Ended

Sep. 30, 2023

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

SCHEDULE OF DEFERRED COMPENSATION ARRANGEMENT WITH INDIVIDUAL

On October 6, 2023, the Compensation Committee of the Board (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 2023:

SCHEDULE OF DEFERRED COMPENSATION ARRANGEMENT WITH INDIVIDUAL 

Name		Position		Target Cash Bonus				Payout Percentage				Cash Bonus Payout
Ronald F. Dutt		Chief Executive Officer		$	225,000				64.7	%		$	145,565
Charles Scheiwe		Chief Financial Officer		$	71,820				64.7	%		$	46,464
Jeff Mason		VP of Operations		$	61,800				64.7	%		$	39,982

SCHEDULE OF DEFERRED COMPENSATION ARRANGEMENT WITH INDIVIDUAL, SHARE BASED COMPENSATION

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

SCHEDULE OF DEFERRED COMPENSATION ARRANGEMENT WITH INDIVIDUAL, SHARE BASED COMPENSATION 

Name		Position		Options(1)				Plan		Vesting Schedule
Ronald F. Dutt		Chief Executive Officer			223,216			2021 Plan		Annually over 3 years from Grant Date
Charles Scheiwe		Chief Financial Officer			42,750			2021 Plan		Annually over 3 years from Grant Date
Jeffrey Mason		Vice President of Operations			54,934			2021 Plan		Annually over 3 years from Grant Date

(1) Subject to $100,000 ISO limitation under the 2021 Plan

SCHEDULE OF DEFERRED COMPENSATION SALARY INCREASES

On October 20, 2023, pursuant to the recommendation of the Compensation Committee, the Board approved the following salary increases (the “FY2024 Annual Salary”) to the following executive officers, effective for the fiscal year 2024 (“FY2024”):

 SCHEDULE OF DEFERRED COMPENSATION SALARY INCREASES

Name		Position		Current Annual Salary				Salary for FY2024
Ronald F. Dutt		Chief Executive Officer		$	300,000			$	375,000
Charles Scheiwe*		Chief Financial Officer		$	205,200			$	205,200
Jeffrey Mason		Vice President of Operations		$	206,000			$	230,720

* Plus an additional supplemental payment of $4,000 per month

2024 Bonus Plan [Member]

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

SCHEDULE OF DEFERRED COMPENSATION ARRANGEMENT WITH INDIVIDUAL

The Board approved the following cash bonuses under the 2024 Bonus for the following executive officers:

SCHEDULE OF DEFERRED COMPENSATION ARRANGEMENT WITH INDIVIDUAL 

Name		Position		Maximum Payout(1)				Special Bonus Maximum Payout(2)
Ronald F. Dutt		Chief Executive Officer		$	256,281			$	400,000
Charles Scheiwe		Chief Financial Officer		$	91,571			$	-
Jeffrey Mason		Vice President of Operations		$	94,607			$	400,000

⁽¹⁾ Full maximum payout assuming targets reached as set forth in the 2024 Performance Matrix.

⁽²⁾ Full maximum payout for achieving certain additional gross margin targets.

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