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SUBSEQUENT EVENTS
6 Months Ended
Dec. 31, 2022
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 12 – SUBSEQUENT EVENTS

The Company has evaluated events that occurred subsequent to December 31, 2022 and through the date the condensed consolidated financial statements were issued.

 

During January 2023 the Company repurchased 24 shares at a cost of $445 which was authorized under the stock repurchase plan adopted in September 2022.

 

During January 2023, the Company amended the revolving credit agreement. The agreement was extended to March 31, 2023. The interest rate on borrowings is at the current prime rate of 7.75% along with certain financial covenants.