Pay vs Performance Disclosure - USD ($)
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12 Months Ended |
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2023 |
| Pay vs Performance Disclosure |
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| Pay vs Performance Disclosure, Table |
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Pay Versus Performance Table
As required by Section 953(a)
of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(v) of Regulation S-K, we are providing the following information
about the relationship between executive compensation actually paid to our CEO and our CFO and certain financial performance of the Company
for each of the Fiscal Year 2025, Fiscal Year 2024 and the fiscal year ended June 30, 2023, or Fiscal Year 2023.
| Fiscal Year | | Summary
Compensation
Table Total for
CEO | | | Compensation
Actually
Paid to
CEO (1) | | | Summary
Compensation
Table Total
for CFO | | | Compensation
Actually Paid
to CFO (1) | | | Summary
Compensation
Table
Total for
Former CFO | | | Compensation
Actually
Paid to
Former
CFO (1) | | | Value of
Initial
Fixed $100
Investment
Based on
Total
Shareholder
Return | | | Net Loss | | | 2025 | | $ | 1,502,758 | | | $ | 577,087 | | | $ | 589,680 | | | $ | 228,616 | | | $ | 326,883 | | | $ | 188,185 | | | $ | (489 | ) | | $ | 23,250,000 | | | 2024 | | $ | 741,479 | | | $ | 306,677 | | | | - | | | | - | | | $ | 492,366 | | | $ | 337,490 | | | $ | (406 | ) | | $ | 21,344,000 | | | 2023 | | $ | 2,628,215 | | | $ | (237,997 | ) | | | - | | | | - | | | $ | 375,239 | | | $ | 353,926 | | | $ | (344 | ) | | $ | 28,887,000 | |
| (1) | The amounts represent compensation paid to the CEO, the CFO and Treasurer, and to the former CFO. See “Executive Compensation – Summary Compensation Table” for certain other compensation and awards granted to our CEO, our CFO, and our former CFO for each of the Fiscal Years 2025, 2024 and 2023. |
Compensation actually paid to our CEO represents
the total compensation reported in the Summary Compensation Table for the applicable fiscal year, adjusted as follows:
| Adjustments to Determine Compensation “Actually Paid” to our CEO | | 2025 | | | 2024 | | | 2023 | | | Total Compensation in the Summary Compensation Table | | $ | 1,502,758 | | | $ | 741,479 | | | $ | 2,628,215 | | | Deduction for Amounts Reported under the “Share-Based Awards” Column in the Summary Compensation Table | | | (944,341 | ) | | | (399,000 | ) | | | (2,169,642 | ) | | Increase for Fair Value of Awards Granted During Fiscal Year that Remain Unvested as of Year End, Determined as of Applicable Fiscal Year End | | | 75,602 | | | | 93,467 | | | | (209,050 | ) | | Increase for Fair Value of Awards Granted During Fiscal Year that Vested during Applicable Fiscal Year, Determined as of Vesting Date(1) | | | 591 | | | | 4,931 | | | | (165,957 | ) | | Increase/deduction for Awards Granted During Prior Fiscal Year, with market condition for vesting, that were Outstanding and Unvested as of Applicable Fiscal Year End | | | - | | | | - | | | | (215,000 | ) | | Increase/deduction for Awards Granted During Prior Fiscal Year that were Outstanding and Unvested as of Applicable Fiscal Year End | | | (31,772 | ) | | | (2,485 | ) | | | (67,188 | ) | | Increase/deduction for Awards Granted During Prior Fiscal Year that Vested During Applicable Fiscal Year | | | (25,751 | ) | | | (131,715 | ) | | | (39,375 | ) | | Total Adjustments | | | (925,671 | ) | | | (434,802 | ) | | | (2,866,212 | ) | | Compensation Actually Paid to the CEO | | $ | 577,087 | | | $ | 306,677 | | | $ | (237,997 | ) | Compensation
actually paid to our CFO represents the total compensation reported in the Summary Compensation Table for the applicable fiscal year,
as adjusted as follows:
| Adjustments to Determine Compensation “Actually Paid” to our CFO | | 2025 | | | 2024 | | | 2023 | | | Total Compensation in the Summary Compensation Table | | $ | 589,680 | | | | - | | | | - | | | Deduction for Amounts Reported under the “Share-based Awards” Column in the Summary Compensation Table | | | (381,321 | ) | | | - | | | | - | | | Increase for Fair Value of Awards Granted During Fiscal Year that Remain Unvested as of Year End, Determined as of Applicable Fiscal Year End | | | 25,902 | | | | - | | | | - | | | Increase for Fair Value of Awards Granted During Fiscal Year that Vested during Applicable Fiscal Year, Determined as of Vesting Date(2) | | | (567 | ) | | | - | | | | - | | | Increase/deduction for Awards Granted During Prior Fiscal Year that were Outstanding and Unvested as of Applicable Fiscal Year End | | | (2,267 | ) | | | - | | | | - | | | Increase/deduction for Awards Granted During Prior Fiscal Year that Vested During Applicable Fiscal Year | | | (2,811 | ) | | | - | | | | - | | | Total Adjustments | | | (361,064 | ) | | | - | | | | - | | | Compensation Actually Paid to our CFO | | $ | 228,616 | | | | - | | | | - | |
Compensation actually
paid to our former CFO represents the total compensation reported in the Summary Compensation Table for the applicable fiscal year, as
adjusted as follows:
| Adjustments to Determine Compensation “Actually Paid” to our Former CFO | | 2025 | | | 2024 | | | 2023 | | | Total Compensation in the Summary Compensation Table | | $ | 326,883 | | | $ | 492,366 | | | $ | 375,239 | | | Deduction for Amounts Reported under the “Share-based Awards” Column in the Summary Compensation Table | | | (43,748 | ) | | | (202,350 | ) | | | - | | | Increase for Fair Value of Awards Granted During Fiscal Year that Remain Unvested as of Year End, Determined as of Applicable Fiscal Year End | | | - | | | | 47,401 | | | | - | | | Increase for Fair Value of Awards Granted During Fiscal Year that Vested during Applicable Fiscal Year, Determined as of Vesting Date(2) | | | - | | | | 2,501 | | | | - | | | Increase/deduction for Awards Granted During Prior Fiscal Year that were Outstanding and Unvested as of Applicable Fiscal Year End | | | - | | | | (497 | ) | | | (13,438 | ) | | Increase/deduction for Awards Granted During Prior Fiscal Year that Vested During Applicable Fiscal Year | | | (30,832 | ) | | | (1,931 | ) | | | (7,875 | ) | | Deduction of Awards Granted During Prior Fiscal Year that were Forfeited During Applicable Fiscal Year | | | (64,118 | ) | | | - | | | | - | | | Total Adjustments | | | (138,698 | ) | | | (154,876 | ) | | | (21,313 | ) | | Compensation Actually Paid to our Former CFO | | $ | 188,185 | | | $ | 337,490 | | | $ | 353,926 | |
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| PEO Total Compensation Amount |
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$ 1,502,758
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$ 741,479
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$ 2,628,215
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| PEO Actually Paid Compensation Amount |
[1] |
$ 577,087
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306,677
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(237,997)
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| Adjustment To PEO Compensation, Footnote |
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Compensation actually paid to our CEO represents
the total compensation reported in the Summary Compensation Table for the applicable fiscal year, adjusted as follows: | Adjustments to Determine Compensation “Actually Paid” to our CEO | | 2025 | | | 2024 | | | 2023 | | | Total Compensation in the Summary Compensation Table | | $ | 1,502,758 | | | $ | 741,479 | | | $ | 2,628,215 | | | Deduction for Amounts Reported under the “Share-Based Awards” Column in the Summary Compensation Table | | | (944,341 | ) | | | (399,000 | ) | | | (2,169,642 | ) | | Increase for Fair Value of Awards Granted During Fiscal Year that Remain Unvested as of Year End, Determined as of Applicable Fiscal Year End | | | 75,602 | | | | 93,467 | | | | (209,050 | ) | | Increase for Fair Value of Awards Granted During Fiscal Year that Vested during Applicable Fiscal Year, Determined as of Vesting Date(1) | | | 591 | | | | 4,931 | | | | (165,957 | ) | | Increase/deduction for Awards Granted During Prior Fiscal Year, with market condition for vesting, that were Outstanding and Unvested as of Applicable Fiscal Year End | | | - | | | | - | | | | (215,000 | ) | | Increase/deduction for Awards Granted During Prior Fiscal Year that were Outstanding and Unvested as of Applicable Fiscal Year End | | | (31,772 | ) | | | (2,485 | ) | | | (67,188 | ) | | Increase/deduction for Awards Granted During Prior Fiscal Year that Vested During Applicable Fiscal Year | | | (25,751 | ) | | | (131,715 | ) | | | (39,375 | ) | | Total Adjustments | | | (925,671 | ) | | | (434,802 | ) | | | (2,866,212 | ) | | Compensation Actually Paid to the CEO | | $ | 577,087 | | | $ | 306,677 | | | $ | (237,997 | ) |
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| Non-PEO NEO Average Total Compensation Amount |
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$ 589,680
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| Non-PEO NEO Average Compensation Actually Paid Amount |
[1] |
$ 228,616
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| Adjustment to Non-PEO NEO Compensation Footnote |
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Compensation
actually paid to our CFO represents the total compensation reported in the Summary Compensation Table for the applicable fiscal year,
as adjusted as follows: | Adjustments to Determine Compensation “Actually Paid” to our CFO | | 2025 | | | 2024 | | | 2023 | | | Total Compensation in the Summary Compensation Table | | $ | 589,680 | | | | - | | | | - | | | Deduction for Amounts Reported under the “Share-based Awards” Column in the Summary Compensation Table | | | (381,321 | ) | | | - | | | | - | | | Increase for Fair Value of Awards Granted During Fiscal Year that Remain Unvested as of Year End, Determined as of Applicable Fiscal Year End | | | 25,902 | | | | - | | | | - | | | Increase for Fair Value of Awards Granted During Fiscal Year that Vested during Applicable Fiscal Year, Determined as of Vesting Date(2) | | | (567 | ) | | | - | | | | - | | | Increase/deduction for Awards Granted During Prior Fiscal Year that were Outstanding and Unvested as of Applicable Fiscal Year End | | | (2,267 | ) | | | - | | | | - | | | Increase/deduction for Awards Granted During Prior Fiscal Year that Vested During Applicable Fiscal Year | | | (2,811 | ) | | | - | | | | - | | | Total Adjustments | | | (361,064 | ) | | | - | | | | - | | | Compensation Actually Paid to our CFO | | $ | 228,616 | | | | - | | | | - | | Compensation actually
paid to our former CFO represents the total compensation reported in the Summary Compensation Table for the applicable fiscal year, as
adjusted as follows: | Adjustments to Determine Compensation “Actually Paid” to our Former CFO | | 2025 | | | 2024 | | | 2023 | | | Total Compensation in the Summary Compensation Table | | $ | 326,883 | | | $ | 492,366 | | | $ | 375,239 | | | Deduction for Amounts Reported under the “Share-based Awards” Column in the Summary Compensation Table | | | (43,748 | ) | | | (202,350 | ) | | | - | | | Increase for Fair Value of Awards Granted During Fiscal Year that Remain Unvested as of Year End, Determined as of Applicable Fiscal Year End | | | - | | | | 47,401 | | | | - | | | Increase for Fair Value of Awards Granted During Fiscal Year that Vested during Applicable Fiscal Year, Determined as of Vesting Date(2) | | | - | | | | 2,501 | | | | - | | | Increase/deduction for Awards Granted During Prior Fiscal Year that were Outstanding and Unvested as of Applicable Fiscal Year End | | | - | | | | (497 | ) | | | (13,438 | ) | | Increase/deduction for Awards Granted During Prior Fiscal Year that Vested During Applicable Fiscal Year | | | (30,832 | ) | | | (1,931 | ) | | | (7,875 | ) | | Deduction of Awards Granted During Prior Fiscal Year that were Forfeited During Applicable Fiscal Year | | | (64,118 | ) | | | - | | | | - | | | Total Adjustments | | | (138,698 | ) | | | (154,876 | ) | | | (21,313 | ) | | Compensation Actually Paid to our Former CFO | | $ | 188,185 | | | $ | 337,490 | | | $ | 353,926 | |
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| Total Shareholder Return Amount |
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$ (489)
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(406)
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(344)
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| Net Income (Loss) |
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23,250,000
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21,344,000
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28,887,000
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| Former CFO [Member] |
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| Pay vs Performance Disclosure |
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| Non-PEO NEO Average Total Compensation Amount |
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326,883
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492,366
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375,239
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| Non-PEO NEO Average Compensation Actually Paid Amount |
[1] |
188,185
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337,490
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353,926
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| Former CFO [Member] | Deduction for Amounts Reported under the “Share-based Awards” Column in the Summary Compensation Table [Member] |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
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(43,748)
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(202,350)
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| Former CFO [Member] | Increase for Fair Value of Awards Granted During Fiscal Year that Remain Unvested as of Year End, Determined as of Applicable Fiscal Year End [Member] |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
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47,401
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| Former CFO [Member] | Increase for Fair Value of Awards Granted During Fiscal Year that Vested during Applicable Fiscal Year, Determined as of Vesting Date [Member] |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
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2,501
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| Former CFO [Member] | Increase/deduction for Awards Granted During Prior Fiscal Year that were Outstanding and Unvested as of Applicable Fiscal Year End [Member] |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
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(497)
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(13,438)
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| Former CFO [Member] | Increase/deduction for Awards Granted During Prior Fiscal Year that Vested During Applicable Fiscal Year [Member] |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
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(30,832)
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(1,931)
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(7,875)
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| Former CFO [Member] | Total Adjustments [Member] |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
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(138,698)
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(154,876)
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(21,313)
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| Former CFO [Member] | Deduction of Awards Granted During Prior Fiscal Year that were Forfeited During Applicable Fiscal Year [Member] |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
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(64,118)
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| PEO [Member] | Deduction for Amounts Reported under the “Share-based Awards” Column in the Summary Compensation Table [Member] |
|
|
|
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
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(944,341)
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(399,000)
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(2,169,642)
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| PEO [Member] | Increase for Fair Value of Awards Granted During Fiscal Year that Remain Unvested as of Year End, Determined as of Applicable Fiscal Year End [Member] |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
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75,602
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93,467
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(209,050)
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| PEO [Member] | Increase for Fair Value of Awards Granted During Fiscal Year that Vested during Applicable Fiscal Year, Determined as of Vesting Date [Member] |
|
|
|
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| Pay vs Performance Disclosure |
|
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| Adjustment to Compensation, Amount |
|
591
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4,931
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(165,957)
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| PEO [Member] | Increase/deduction for Awards Granted During Prior Fiscal Year, with market condition for vesting, that were Outstanding and Unvested as of Applicable Fiscal Year End [Member] |
|
|
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
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(215,000)
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| PEO [Member] | Increase/deduction for Awards Granted During Prior Fiscal Year that were Outstanding and Unvested as of Applicable Fiscal Year End [Member] |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
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(31,772)
|
(2,485)
|
(67,188)
|
| PEO [Member] | Increase/deduction for Awards Granted During Prior Fiscal Year that Vested During Applicable Fiscal Year [Member] |
|
|
|
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| Pay vs Performance Disclosure |
|
|
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| Adjustment to Compensation, Amount |
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(25,751)
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(131,715)
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(39,375)
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| PEO [Member] | Total Adjustments [Member] |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
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(925,671)
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(434,802)
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(2,866,212)
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| Non-PEO NEO [Member] | Deduction for Amounts Reported under the “Share-based Awards” Column in the Summary Compensation Table [Member] |
|
|
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
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(381,321)
|
|
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| Non-PEO NEO [Member] | Increase for Fair Value of Awards Granted During Fiscal Year that Remain Unvested as of Year End, Determined as of Applicable Fiscal Year End [Member] |
|
|
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| Pay vs Performance Disclosure |
|
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| Adjustment to Compensation, Amount |
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25,902
|
|
|
| Non-PEO NEO [Member] | Increase for Fair Value of Awards Granted During Fiscal Year that Vested during Applicable Fiscal Year, Determined as of Vesting Date [Member] |
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
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| Adjustment to Compensation, Amount |
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(567)
|
|
|
| Non-PEO NEO [Member] | Increase/deduction for Awards Granted During Prior Fiscal Year that were Outstanding and Unvested as of Applicable Fiscal Year End [Member] |
|
|
|
|
| Pay vs Performance Disclosure |
|
|
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| Adjustment to Compensation, Amount |
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(2,267)
|
|
|
| Non-PEO NEO [Member] | Increase/deduction for Awards Granted During Prior Fiscal Year that Vested During Applicable Fiscal Year [Member] |
|
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
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(2,811)
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| Non-PEO NEO [Member] | Total Adjustments [Member] |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
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$ (361,064)
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