v3.5.0.2
14. RETIREMENT PLAN
12 Months Ended
Jun. 30, 2016
Compensation and Retirement Disclosure [Abstract]  
RETIREMENT PLAN

The Company provides a 401(k) retirement plan for its employees. Employees are eligible to participate in the plan on the first of the month following 90 days of continuous employment. Employee salary deferral rates are not restricted by the Company, however, IRS limits and limitations imposed by discrimination tests may affect the allowed salary deferral rate. The Company’s 401(k) retirement plan has a Safe Harbor provision which requires all employees receive a 3% match based on gross wages. The Company’s matching contributions totaled $6,900 and $12,000 for the years ended June 30, 2016 and 2015, respectively.