Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

Subsequent Events
6 Months Ended
Dec. 31, 2019
Subsequent Events [Abstract]  
Subsequent Events



On January 1, 2020, the Company granted its outside directors options to purchase, on an aggregate basis, 15,792 shares of its common stock at an exercise price of $8.87 per share. The stock options vests quarterly over a two-year period, starting on January 1, 2020 and expire on January 1, 2030. The exercise price is the fair market value of the Company’s common stock, based on the Company’s 30 day volume-weighted average price on January 1, 2020.


Since January 1, 2020, the Company has borrowed an additional $700,000 under the Company’s Credit Facility. Remaining available balance under the Credit Facility is $609,000.