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STOCK-BASED COMPENSATION PLANS (Tables) | 12 Months Ended
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Jun. 30, 2024
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 30, 2024 |  |  | June 25, 2023 |  |  | June 30, 2024 |  |  | June 25, 2023 |
|  | Shares |  |  | Shares |  |  | Weighted- Average Exercise Price |  |  | Weighted- Average Exercise Price |
Outstanding at beginning of year |  |  | 151,750 |  |  |  | 111,750 |  |  | $ | 5.19 |  |  | $ | 6.67 |
Granted |  |  | — |  |  |  | 40,000 |  |  |  | — |  |  |  | 1.06 |
Exercised |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Forfeited/Canceled/Expired |  |  | (37,464 | ) |  |  | — |  |  |  | (6.12 | ) |  |  | — |
Outstanding at end of year |  |  | 114,286 |  |  |  | 151,750 |  |  | $ | 4.89 |  |  | $ | 5.19 |
Exercisable at end of year |  |  | 114,286 |  |  |  | 111,750 |  |  | $ | 4.89 |  |  | $ | 6.67 |
Information on Options Outstanding and Options Exercisable | The following table provides information on options outstanding and options exercisable as of June 30, 2024:
|  |  | Options Outstanding |  |  | Options Exercisable |
Range of Exercise Prices |  |  | Options Outstanding at June 30, 2024 |  |  | Weighted-Average Remaining Contractual Life (Years) |  |  | Weighted- Average Exercise Price |  |  | Shares Exercisable at June 30, 2024 |  |  | Weighted- Average Exercise Price |
$ | 1.00 - 1.90 |  |  |  | 40,000 |  |  |  | 7.99 |  |  | $ | 1.06 |  |  |  | 40,000 |  |  | $ | 1.06 |
$ | 3.31 - 3.95 |  |  |  | 50,000 |  |  |  | 1.99 |  |  | $ | 3.95 |  |  |  | 50,000 |  |  | $ | 3.95 |
$ | 6.26 - 13.11 |  |  |  | 24,286 |  |  |  | 1.01 |  |  | $ | 13.11 |  |  |  | 24,286 |  |  | $ | 13.11 |
|  |  |  |  | 114,286 |  |  |  | 3.88 |  |  | $ | 4.89 |  |  |  | 114,286 |  |  | $ | 4.89 |
Fair Value of Stock Option Assumptions | The following assumptions were used to estimate the fair value of stock options for the years ended:
|  | June 30, 2024 |  |  | June 25, 2023 |
Fair value of awards |  | $ | — |  |  | $ | 1.06 |
Risk-free interest rate |  |  | 0.0 | % |  |  | 2.9 | %
Dividend yield |  | $ | — |  |  | $ | — |
Volatility factor |  |  | 0.0 | % |  |  | 79.6 | %
Expected life |  | 0.0 Years |  |  | 5.5 Years |
Summary of Restricted Stock Units | A summary of the status of restricted stock units as of June 30, 2024 and June 25, 2023, and changes during the fiscal years then ended is presented below:
|  | June 30, 2024 |  |  | June 25, 2023 |
Unvested at beginning of year |  |  | 885,687 |  |  |  | 885,687 |
Performance adjustment |  |  | (58,035 | ) |  |  | — |
Granted during the year |  |  | 131,460 |  |  |  | — |
Vested during the year |  |  | (588,589 | ) |  |  | — |
Forfeited during the year |  |  | (101,460 | ) |  |  | — |
Unvested at end of year |  |  | 269,063 |  |  |  | 885,687 |

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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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