RETIREMENT PLANS

9 Months Ended

Mar. 31, 2018

Compensation and Retirement Disclosure [Abstract]

NOTE 15 - 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 IRS 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 $50,518 and $151,431 for the three and nine months ended March 31, 2018, respectively. Total employer contributions recognized in the condensed consolidated statements of operations under this plan were $61,448 and $146,005 for the three and nine months ended March 31, 2017, respectively.