Insurance settlement

6 Months Ended

Dec. 31, 2014

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Insurance settlement

Note 9. – Insurance settlement

In January 2015, the Company received a $1,000 settlement on a claim made under its insurance policy covering, among other things, employee theft relating to misappropriation of funds by two now former employees over an eight year period beginning in 2006. Income of $1,000 was recognized in the three and six months ended December 31, 2014 for this settlement.