SUBSEQUENT EVENTS |
6 Months Ended |
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Dec. 31, 2019 | |
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| SUBSEQUENT EVENTS |
NOTE 13 — SUBSEQUENT EVENT In January 2020, the Company’s Board of Directors approved bonus payments to the Company’s executive officers and employees for a total of approximately $0.7 million. These bonuses related to services performed during 2019. Accordingly, the Company recognized this amount as compensation expense for the three and six months ended December 31, 2019. |
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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