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EMPLOYEE BENEFIT PLAN
9 Months Ended
Mar. 31, 2015
EMPLOYEE BENEFIT PLAN:  
EMPLOYEE BENEFIT PLAN

 

11. EMPLOYEE BENEFIT PLAN

 

The Company has a 401(k) plan for the benefit of certain employees. The Company had contributed to the plan under a safe harbor plan requiring a 3% contribution for all eligible participants. In addition, the Company may contribute a 3% elective match. Effective January 1, 2013, the Company amended the plan to remove the 3% safe harbor contribution. No contributions have been made in the current fiscal year. Contributions and other costs of the plan for the nine months ended March 31, 2015 were $-0-. Contributions and other costs of the plan for the nine months ended March 31, 2014 were $-0-.