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SUBSEQUENT EVENT
12 Months Ended
Jun. 30, 2020
Subsequent Events [Abstract]  
SUBSEQUENT EVENT

13.        SUBSEQUENT EVENT


As reported in our Current Report filed with the SEC on September 8, 2020, we executed a Standard Offer, Agreement and Escrow Instructions For Purchase of Real Estate (the “Purchase Agreement”) for the purchase of an approximate 25,230 square foot industrial building located at 14401 Franklin Avenue, Tustin CA 92780 on September 2, 2020. The aggregate purchase price is $6,509,340.  The initial deposit in the amount of $75,000 was made on September 3, 2020.  Pursuant to the terms of the Purchase Agreement, we have 30 days to obtain financing of up to 90% of the purchase price.  The deposit is refundable to us during the up to 30-day due diligence period. We plan to use this facility to expand our operations to satisfy requirements of our expected future growth.