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Note 12 - Commitments and Contingencies

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Note 12 - Commitments and Contingencies
9 Months Ended
Mar. 31, 2017
Notes to Financial Statements  
Commitments and Contingencies Disclosure [Text Block]
NOTE
12
- COMMITMENTS AND CONTINGENCIES
 
From time to time, we
may
be involved in litigation relating to claims arising out of our operations. Since
June
2015,
we have been a party to a legal proceeding arising from a work related injury that took place in
June
2013.
We deny and dispute all liability and damage allegations made by or on behalf of the plaintiff. However, having fully considered the risks, time and costs associated with continued litigation of this claim, as well as an appeal, we decided to fully and finally resolve and settle the dispute. Accordingly, on
August
26,
2016
we entered into a settlement agreement with the plaintiff whereby in exchange for the plaintiff releasing Flux Power from any and all claims of any nature that the plaintiff had or now has or might in the future have against us, we paid the plaintiff
$10,000
as settlement in
September
2016.