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STOCK BASED COMPENSATION PLANS (Tables)

12 Months Ended

Jun. 25, 2023

STOCK BASED COMPENSATION PLANS [Abstract]

Summary of Stock Options

A summary of stock option transactions under all of the Company’s stock option plans and information about fixed-price stock options is as follows:

		Fiscal Year Ended								Fiscal Year Ended
		June 25, 2023				June 26, 2022				June 25, 2023				June 26, 2022
		Shares				Shares				Weighted- Average Exercise Price			Weighted- Average Exercise Price
Outstanding at beginning of year			111,750				166,750			$	6.67			$	5.49
Granted			40,000				—				1.06				—
Exercised			—				—				—				—
Forfeited/Canceled/Expired			—				(55,000	)			—				3.11
Outstanding at end of period			151,750				111,750			$	5.19			$	6.67
Exercisable at end of period			111,750				111,750			$	6.67			$	6.67

Information on Options Outstanding and Options Exercisable

The following table provides information on options outstanding and options exercisable as of June 25, 2023:

				Options Outstanding												Options Exercisable
Range of Exercise Prices				Options Outstanding at June 25, 2023				Weighted-Average Remaining Contractual Life (Years)				Weighted- Average Exercise Price				Shares Exercisable at June 25, 2023				Weighted- Average Exercise Price
$	1.00 - 1.90				40,000				9.01			$	1.06				—			$	—
$	3.31 - 3.95				50,000				3.01			$	3.95				50,000			$	3.95
$	5.51 - 5.74				8,664				0.02			$	5.74				8,664			$	5.74
$	5.95 - 6.25				28,800				1.01			$	6.23				28,800			$	6.23
$	6.26 - 13.11				24,286				2.02			$	13.11				24,286			$	13.11
					151,750				3.88			$	5.19				111,750			$	6.67

Weighted Average Assumptions

The following weighted average assumptions were used for options granted during fiscal 2023:

Fiscal Year Ended		June 25, 2023
Expected life (in years)			5.5
Expected volatility			79.6%
Risk-free interest rate			2.9%
Expected forfeiture rate			48.8%

Summary of Restricted Stock Units

A summary of the status of restricted stock units as of June 25, 2023 and June 26, 2022, and changes during the fiscal years then ended is presented below:

		June 25, 2023				June 26, 2022
Unvested at beginning of year			885,687				545,600
Granted during the year			—				362,500
Vested during the year			—				—
Forfeited during the year			—				(22,413	)
Unvested at end of year			885,687				885,687

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Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

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