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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Pay vs Performance Disclosure      
Pay vs Performance Disclosure, Table

Pay Versus Performance

 

As required by Item 402(v) of Regulation S-K, we are providing the following information regarding the relationship between executive compensation and our financial performance for each of the last two completed calendar years. In determining the “compensation actually paid” to our named executive officers, we are required to make various adjustments to amounts that are reported in the Summary Compensation Table, as the SEC’s valuation methods for this section differ from those required in the Summary Compensation Table. The table below summarizes compensation values both reported in our Summary Compensation Table, as well as the adjusted values required in this section for the 2023 and 2024 fiscal years.

 

Year

 

Summary

Compensation

Table Total for

PEO (1)

   

Compensation

Actually Paid to

PEO (2)

   

Average Summary

Compensation

Table Total for

Non-PEO NEOs (3)

   

Average

Compensation

Actually Paid to

Non-PEO NEOs (4)

   

Value of Initial

Fixed $100

Investment

based on TSR (5)

   

Net (Loss)

Income (6)

 

2024

  $ 1,327,105     $ 969,728     $ 640,002     $ 614,052     $ 22.31     $ (11,666,000 )

2023

    482,958       517,759       328,345       329,503       35.49       (9,642,000 )

2022

    1,956,575       492,084       337,907       199,916       32.33       (8,330,000 )

 

(1)

The dollar amounts reported in this column are the amounts of total compensation reported for Mr. Pickens, our Chief Executive Officer (the “PEO”), for each corresponding year in the “Total” column of the Summary Compensation Table. For additional information, see “Executive CompensationSummary Compensation Table.”

(2)

The dollar amounts reported in this column represent the amount of “compensation actually paid” to Mr. Pickens, as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual amount of compensation earned by or paid to, Mr. Pickens during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to Mr. Pickens’s total compensation as reported in the Summary Compensation Table for each year to determine compensation actually paid:

 

 

   
PEO Total Compensation Amount $ 1,327,105 $ 482,958 $ 1,956,575
PEO Actually Paid Compensation Amount $ 969,728 517,759 492,084
Adjustment To PEO Compensation, Footnote

Year

 

Reported

Summary Compensation Table

Total for PEO

   

Exclusion of Reported

Value of Equity

Awards

   

Equity

Award Adjustments (2b)

   

Compensation Actually Paid to

PEO

 

2024

  $ 1,327,105     $ (463,158 )   $ 105,782     $ 969,728  

2023

    482,958             34,801       517,759  

2022

    1,956,575       (1,096,114 )     (368,377 )     492,084  

 

 

(2a)

Represents the total of the amounts reported in the “Stock Awards” and "Options" columns in the Summary Compensation Table for the applicable year.

 

 

(2b)

The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following: (i) the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year; (iii) for awards that are granted and vest in same year, the fair value as of the vesting date; (iv) for awards granted in prior years that vested in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value; (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on stock or option awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The amounts deducted or added in calculating the equity award adjustments are as follows:

 

Year

 

Year End Fair

Value of

Outstanding and Unvested Equity Awards Granted

in the Year

   

Year over Year

Change in Fair

Value of

Outstanding and

Unvested Equity

Awards Granted in

Prior Years

   

Fair Value as

of Vesting

Date of

Equity

Awards

Granted and

Vested in the

Year

   

Year over Year

Change in Fair

Value of Equity

Awards

Granted in

Prior Years

that Vested in

the Year

   

Fair Value at the

End of the Prior

Year of Equity

Awards that

Failed to Meet

Vesting

Conditions in the

Year

   

Value of Dividends or

other Earnings Paid

on Stock or Option

Awards not Otherwise

Reflected in Fair

Value or Total

Compensation

   

Total

Equity

Award

Adjustments

 

2024

  $ 463,158     $ (248,384 )   $     $ (108,992 )   $     $     $ 105,782  

2023

          75,721             (40,919 )                 34,801  

2022

    728,247       (826,919 )           (269,705 )                 (368,377 )

 

(3)

The dollar amounts reported in this column represent the average of the amounts reported for the Company’s NEOs as a group (excluding Mr. Pickens) in the “Total” column of the Summary Compensation Table in each applicable year. The names of each of the NEOs (excluding Mr. Pickens) included for purposes of calculating the average amounts in each applicable year are as follows: for 2024 and for 2023, Mr. Hinojosa our Chief Financial Officer and for 2022 Mr. Hinojosa and Eric Stober who preceded Mr. Hinojosa as Chief Financial Officer until April 2022.

 

(4)

The dollar amounts reported in this column represent the average amount of “compensation actually paid” to the NEOs as a group (excluding Mr. Pickens), as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the named executive officers as a group (excluding Mr. Pickens) during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to average total compensation for the named executive officers as a group (excluding Mr. Pickens) as reported in the Summary Compensation Table for each year to determine the compensation actually paid, using the same methodology described above in Note (2):

 

 

   
Non-PEO NEO Average Total Compensation Amount $ 640,002 328,345 337,907
Non-PEO NEO Average Compensation Actually Paid Amount $ 614,052 329,503 199,916
Adjustment to Non-PEO NEO Compensation Footnote

Year

 

Average

Reported Summary Compensation Table

Total for Non-PEO NEOs

   

Exclusion of

Average

Reported

Value of Equity

Awards (4a)

   

Average Equity

Award

Adjustment (4b)

   

Average Compensation Actually Paid

to Non-PEO NEOs

 

2024

  $ 640,002     $ (162,049 )   $ 136,099     $ 614,052  

2023

    328,345             1,158       329,503  

2022

    337,907       (58,774 )     (79,217 )     199,916  

 

(4a)

Represents the total of the amounts reported in the “Stock Awards” and "Options" columns in the Summary Compensation Table for the applicable year.

 

(4b)

The amounts deducted or added in calculating the total average equity award adjustments are as follows:

 

Year

 

Year End Fair

Value of

Outstanding and

Unvested Equity

Awards Granted

in the Year

   

Year over Year

Change in Fair

Value of

Outstanding and

Unvested Equity

Awards Granted in

Prior Years

   

Fair Value as

of Vesting

Date of

Equity

Awards

Granted and

Vested in the

Year

   

Year over Year

Change in Fair

Value of

Equity Awards

Granted in

Prior Years

that Vested in

the Year

   

Fair Value at the

End of the Prior

Year of Equity

Awards that

Failed to Meet

Vesting

Conditions in the

Year

   

Value of Dividends or

other Earnings Paid on

Stock or Option

Awards not Otherwise

Reflected in Fair Value

or Total Compensation

   

Total

Equity

Award

Adjustments

 

2024

  $ 162,049     $ (19,995 )   $     $ (5,955 )   $     $     $ 136,099  

2023

          3,169             (2,011 )                 1,158  

2022

    19,216       (35,452 )           (62,981 )                 (79,217 )

 

(5)

The Total Stockholder Return (“TSR”) reported represent the measurement period value of an investment of $100 in our stock on June 30, 2021 (the last trading day before the 2022 fiscal year), and then valued again on each of June 30, 2022 (the last trading day of the 2022 fiscal year), June 30, 2023 (the last trading day of the 2023 fiscal year), and June 28, 2024 (the last trading day of the 2024 fiscal year), based on the closing price per share of the Company’s common stock as of such dates. No dividends were paid by the Company in fiscal years 2022, 2023, or 2024.

 

(6)

The dollar amounts reported represent the amount of net (loss) income reflected in our consolidated audited financial statements for the applicable year.

   
Compensation Actually Paid vs. Total Shareholder Return

Compensation Actually Paid and Cumulative TSR

 

astc20241017_def14aimg013.jpg

 

 

All information provided above under the Pay Versus Performance heading will not be deemed to be incorporated by reference in any filing of the Company under the Securities Act or the Exchange Act whether made before or after the date hereof and irrespective of any general incorporation language in any such filing.

 

 

   
Compensation Actually Paid vs. Net Income

Analysis of the Information Presented in the Pay Versus Performance Table

 

We generally seek to incentivize long-term performance, and therefore do not specifically align our performance measures with “compensation actually paid” (as computed in accordance with Item 402(v) of Regulation S-K) for a particular year. In accordance with Item 402(v) of Regulation S-K, we are providing the following graphical descriptions of the relationships between compensation actually paid and net income and the total stockholder return information presented in the Pay Versus Performance table.

 

 

Compensation Actually Paid and Net (Loss) Income

 

astc20241017_def14aimg012.jpg

   
Total Shareholder Return Amount $ 22.31 35.49 32.33
Net Income (Loss) (11,666,000) (9,642,000) (8,330,000)
PEO | Equity Awards Adjustments      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 105,782 34,801 (368,377)
PEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (463,158) 0 (1,096,114)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 463,158 0 728,247
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (248,384) 75,721 (826,919)
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0 0
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (108,992) (40,919) (269,705)
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0 0
PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0 0
Non-PEO NEO | Equity Awards Adjustments      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 136,099 1,158 (79,217)
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (162,049) 0 (58,774)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 162,049 0 19,216
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (19,995) 3,169 (35,452)
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0 0
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (5,955) (2,011) (62,981)
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0 0
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ 0 $ 0 $ 0