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SUBSEQUENT EVENTS
3 Months Ended
Sep. 30, 2022
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 12 – SUBSEQUENT EVENTS

The Company has evaluated events that occurred subsequent to September 30, 2022 and through the date the condensed consolidated financial statements were issued.

 

During October 2022, the Company cancelled 16 shares of common stock which were held as treasury stock at September 30, 2022.

 

During October 2022, the Company amended the revolving credit agreement. The agreement was extended to January 6, 2023. The interest rate on borrowings is at the current prime rate of 6.25% along with certain financial covenants.