RETIREMENT PLANS

3 Months Ended

Sep. 30, 2016

Compensation and Retirement Disclosure [Abstract]

Compensation And Employee Benefit Plans Text Block

NOTE 16 – RETIREMENT PLANS

The Company sponsors a defined contribution retirement plan under Section 401(k) of the Internal Revenue Code, the EnSync, Inc. 401(k) Savings Plan. Employees may elect to contribute up to the Internal Revenue Service annual contribution limit. The Company matches employees’ contributions up to 4% of eligible compensation and Company contributions are limited in any year to the amount allowable by government tax authorities. Eligible employees are 100% immediately vested. Total employer contributions recognized in the condensed consolidated statements of operations under this plan were $48,818 and $28,236 for the three months ended September 30, 2016 and September 30, 2015, respectively.