SUBSEQUENT EVENT

9 Months Ended

Mar. 31, 2022

SUBSEQUENT EVENT [Abstract]

SUBSEQUENT EVENT

14. SUBSEQUENT EVENT

Pursuant to authority granted by the Company’s Board of Directors on April 29, 2022, the Company can repurchase up to approximately $5.00 million in shares outstanding of the Company’s common stock over the three-year period ending April 29, 2025. Pursuant to the terms of the repurchase authorization, the common stock share repurchases are generally at the discretion of the Company’s management. At May 5, 2022, no shares of Company’s common stock had been purchased pursuant to the repurchase authorization.