0000867840 2025-07-01 2026-06-30 0000867840 2024-07-01 2025-06-30 0000867840 2023-07-01 2024-06-30 0000867840 POCI:DeductionForAmountsReportableUnderTheOptionAwardsColumnsInTheSCTMember ecd:PeoMember 2025-07-01 2026-06-30 0000867840 POCI:DeductionForAmountsReportableUnderTheOptionAwardsColumnsInTheSCTMember ecd:PeoMember 2024-07-01 2025-06-30 0000867840 POCI:DeductionForAmountsReportableUnderTheOptionAwardsColumnsInTheSCTMember ecd:PeoMember 2023-07-01 2024-06-30 0000867840 POCI:IncreaseForFairValueOfAwardsGrantedDuringTheYearThatRemainUnvestedAsOfYearEndMember ecd:PeoMember 2025-07-01 2026-06-30 0000867840 POCI:IncreaseForFairValueOfAwardsGrantedDuringTheYearThatRemainUnvestedAsOfYearEndMember ecd:PeoMember 2024-07-01 2025-06-30 0000867840 POCI:IncreaseForFairValueOfAwardsGrantedDuringTheYearThatRemainUnvestedAsOfYearEndMember ecd:PeoMember 2023-07-01 2024-06-30 0000867840 POCI:IncreaseDeductionForChangeInFairValueFromPriorYearEndToVestingOfAwardsGrantedPriorToYearThatVestedDuringYearMember ecd:PeoMember 2025-07-01 2026-06-30 0000867840 POCI:IncreaseDeductionForChangeInFairValueFromPriorYearEndToVestingOfAwardsGrantedPriorToYearThatVestedDuringYearMember ecd:PeoMember 2024-07-01 2025-06-30 0000867840 POCI:IncreaseDeductionForChangeInFairValueFromPriorYearEndToVestingOfAwardsGrantedPriorToYearThatVestedDuringYearMember ecd:PeoMember 2023-07-01 2024-06-30 0000867840 ecd:PeoMember 2025-07-01 2026-06-30 0000867840 ecd:PeoMember 2024-07-01 2025-06-30 0000867840 ecd:PeoMember 2023-07-01 2024-06-30 0000867840 POCI:DeductionForAmountsReportableUnderTheOptionAwardsColumnsInTheSCTMember ecd:NonPeoNeoMember 2025-07-01 2026-06-30 0000867840 POCI:DeductionForAmountsReportableUnderTheOptionAwardsColumnsInTheSCTMember ecd:NonPeoNeoMember 2024-07-01 2025-06-30 0000867840 POCI:DeductionForAmountsReportableUnderTheOptionAwardsColumnsInTheSCTMember ecd:NonPeoNeoMember 2023-07-01 2024-06-30 0000867840 POCI:IncreaseForFairValueOfAwardsGrantedDuringTheYearThatRemainUnvestedAsOfYearEndMember ecd:NonPeoNeoMember 2025-07-01 2026-06-30 0000867840 POCI:IncreaseForFairValueOfAwardsGrantedDuringTheYearThatRemainUnvestedAsOfYearEndMember ecd:NonPeoNeoMember 2024-07-01 2025-06-30 0000867840 POCI:IncreaseForFairValueOfAwardsGrantedDuringTheYearThatRemainUnvestedAsOfYearEndMember ecd:NonPeoNeoMember 2023-07-01 2024-06-30 0000867840 POCI:IncreaseDeductionForChangeInFairValueFromPriorYearEndToCurrentYearEndOfAwardsGrantedPriorToYearThatWereOutstandingAndUnvestedAsOfYearEndMember ecd:NonPeoNeoMember 2025-07-01 2026-06-30 0000867840 POCI:IncreaseDeductionForChangeInFairValueFromPriorYearEndToCurrentYearEndOfAwardsGrantedPriorToYearThatWereOutstandingAndUnvestedAsOfYearEndMember ecd:NonPeoNeoMember 2024-07-01 2025-06-30 0000867840 POCI:IncreaseDeductionForChangeInFairValueFromPriorYearEndToCurrentYearEndOfAwardsGrantedPriorToYearThatWereOutstandingAndUnvestedAsOfYearEndMember ecd:NonPeoNeoMember 2023-07-01 2024-06-30 0000867840 POCI:IncreaseDeductionForChangeInFairValueFromPriorYearEndToVestingOfAwardsGrantedPriorToYearThatVestedDuringYearMember ecd:NonPeoNeoMember 2025-07-01 2026-06-30 0000867840 POCI:IncreaseDeductionForChangeInFairValueFromPriorYearEndToVestingOfAwardsGrantedPriorToYearThatVestedDuringYearMember ecd:NonPeoNeoMember 2024-07-01 2025-06-30 0000867840 POCI:IncreaseDeductionForChangeInFairValueFromPriorYearEndToVestingOfAwardsGrantedPriorToYearThatVestedDuringYearMember ecd:NonPeoNeoMember 2023-07-01 2024-06-30 0000867840 POCI:ChangeInFairValueOfAwardsGrantedPriorToYearThatWereModifiedDuringYearMember ecd:NonPeoNeoMember 2025-07-01 2026-06-30 0000867840 POCI:ChangeInFairValueOfAwardsGrantedPriorToYearThatWereModifiedDuringYearMember ecd:NonPeoNeoMember 2024-07-01 2025-06-30 0000867840 POCI:ChangeInFairValueOfAwardsGrantedPriorToYearThatWereModifiedDuringYearMember ecd:NonPeoNeoMember 2023-07-01 2024-06-30 0000867840 ecd:NonPeoNeoMember 2025-07-01 2026-06-30 0000867840 ecd:NonPeoNeoMember 2024-07-01 2025-06-30 0000867840 ecd:NonPeoNeoMember 2023-07-01 2024-06-30 iso4217:USD false 0000867840 DEF 14A Precision Optics Corporation, Inc. Granting of Certain Equity Awards Close in Time to the Release of Material Nonpublic Information We do not grant equity awards in anticipation of the release of material nonpublic information that is likely to result in changes to the price of our common stock, and do not time the public release of such information based on award grant dates. During the fiscal year 2026, we have not made awards to any named executive officer during the period beginning four business days before and ending one business day after the filing of a periodic report on Form 10-Q or Form 10-K or the filing or furnishing of a current report on Form 8-K that discloses material nonpublic information, and we have not timed the disclosure of material nonpublic information for the purpose of affecting the value of executive compensation. We do not grant equity awards in anticipation of the release of material nonpublic information that is likely to result in changes to the price of our common stock, and do not time the public release of such information based on award grant dates. true we have not made awards to any named executive officer during the period beginning four business days before and ending one business day after the filing of a periodic report on Form 10-Q or Form 10-K or the filing or furnishing of a current report on Form 8-K that discloses material nonpublic information, and we have not timed the disclosure of material nonpublic information for the purpose of affecting the value of executive compensation. false true <table cellpadding="0" cellspacing="0" id="xdx_88A_eecd--PvpTableTextBlock_zdcy8AjpS2n1" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Pay vs Performance Disclosure"> <tr style="vertical-align: top"> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: top; background-color: rgb(0,176,240)"> <td style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; width: 7%; text-align: center"> </td> <td style="border-top: Black 1pt solid; border-right: Black 1pt solid; width: 15%; text-align: center">SCT Total for PEO</td> <td style="border-top: Black 1pt solid; border-right: Black 1pt solid; width: 15%; text-align: center">CAP to PEO</td> <td style="border-top: Black 1pt solid; border-right: Black 1pt solid; width: 16%; text-align: center">Average SCT Total for Non-PEO Named Executive Officers </td> <td style="border-top: Black 1pt solid; border-right: Black 1pt solid; width: 19%; text-align: center">Average CAP to Non-PEO Named Executive Officers</td> <td style="border-top: Black 1pt solid; border-right: Black 1pt solid; width: 14%; text-align: center">Value of Initial Fixed $100 Investment Based on Total Shareholder Return </td> <td style="border-top: Black 1pt solid; border-right: Black 1pt solid; width: 14%; text-align: center">Net Loss</td></tr> <tr style="vertical-align: top; background-color: #00B0F0"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center">Year </td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center">($) (1)</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center">($) (2)</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center">($) (1)</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center">($) (3)</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center">($) (4)</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center">($) </td></tr> <tr style="vertical-align: top; background-color: #E7E6E6"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center">2026</td> <td id="xdx_98D_eecd--PeoTotalCompAmt_c20250701__20260630_zdodFhuNUs26" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center" title="SCT Total for PEO">381,034</td> <td id="xdx_98B_eecd--PeoActuallyPaidCompAmt_c20250701__20260630_zYd9t68fYyvk" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center" title="CAP to PEO">388,942</td> <td id="xdx_989_eecd--NonPeoNeoAvgTotalCompAmt_c20250701__20260630_zJd5qPaIkQx1" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center" title="Average SCT Total for Non-PEO Named Executive Officers">428,150</td> <td id="xdx_984_eecd--NonPeoNeoAvgCompActuallyPaidAmt_c20250701__20260630_zjq6IT7W69gj" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center" title="Average CAP to Non-PEO Named Executive Officers">412,300</td> <td id="xdx_98B_eecd--TotalShareholderRtnAmt_pp2p0_c20250701__20260630_zrPCtX3PD8s6" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center" title="Value of Initial Fixed $100 Investment Based On Total Shareholder Return">81.73</td> <td id="xdx_989_eus-gaap--NetIncomeLoss_pp0p0_c20250701__20260630_zGIeqbuODex6" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center" title="Net Loss">(3,629,891) </td></tr> <tr style="vertical-align: top"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center">2025</td> <td id="xdx_98A_eecd--PeoTotalCompAmt_c20240701__20250630_zBo9eienBNuk" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center" title="SCT Total for PEO">1,106,559</td> <td id="xdx_985_eecd--PeoActuallyPaidCompAmt_c20240701__20250630_zYc4xFMptrbj" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center" title="CAP to PEO">1,034,559</td> <td id="xdx_982_eecd--NonPeoNeoAvgTotalCompAmt_c20240701__20250630_zCLbhGoOUAVa" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center" title="Average SCT Total for Non-PEO Named Executive Officers">288,568</td> <td id="xdx_986_eecd--NonPeoNeoAvgCompActuallyPaidAmt_c20240701__20250630_zqYyw7UTnSF7" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center" title="Average CAP to Non-PEO Named Executive Officers">197,834</td> <td id="xdx_980_eecd--TotalShareholderRtnAmt_pp2p0_c20240701__20250630_zdfm5pNat5Ci" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center" title="Value of Initial Fixed $100 Investment Based On Total Shareholder Return">78.53</td> <td id="xdx_986_eus-gaap--NetIncomeLoss_pp0p0_c20240701__20250630_zScl6wDHUOcd" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center" title="Net Loss">(5,780,246)</td></tr> <tr style="vertical-align: top; background-color: #E7E6E6"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center">2024</td> <td id="xdx_98E_eecd--PeoTotalCompAmt_c20230701__20240630_zRyKBw1WSgrb" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center" title="SCT Total for PEO">251,032</td> <td id="xdx_981_eecd--PeoActuallyPaidCompAmt_c20230701__20240630_z47rJ3fpKBgh" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center" title="CAP to PEO">251,032</td> <td id="xdx_98F_eecd--NonPeoNeoAvgTotalCompAmt_c20230701__20240630_zXzQZQphMURi" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center" title="Average SCT Total for Non-PEO Named Executive Officers">284,615</td> <td id="xdx_985_eecd--NonPeoNeoAvgCompActuallyPaidAmt_c20230701__20240630_zVsRqu73CGpf" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center" title="Average CAP to Non-PEO Named Executive Officers">260,322</td> <td id="xdx_989_eecd--TotalShareholderRtnAmt_pp2p0_c20230701__20240630_ziLh4SDS1Bvj" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center" title="Value of Initial Fixed $100 Investment Based On Total Shareholder Return">92.79</td> <td id="xdx_985_eus-gaap--NetIncomeLoss_pp0p0_c20230701__20240630_z0OSgqVb58ed" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center" title="Net Loss">(2,951,377)</td></tr> </table> 381034 388942 428150 412300 81.73

-3629891

1106559 1034559 288568 197834 78.53

-5780246

251032 251032 284615 260322 92.79

-2951377

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.5in"></td><td style="width: 0.25in">(1)</td><td style="text-align: justify">Amounts reported in these columns represent total compensation as reported in the Summary Compensation Table for Dr. Forkey, our PEO, and the average of the total compensation as reported in the Summary Compensation Table for our remaining NEOs for the relevant fiscal year, which captures the individuals indicated in the table below for each fiscal year:</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border: Black 1pt solid; white-space: nowrap; width: 18%">Year</td> <td style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; width: 22%">PEO</td> <td style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; width: 60%">Non-PEO NEOs</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid">2026</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap">Dr. Joseph Forkey</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap">Wayne Coll, Joseph Traut</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid">2025</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap">Dr. Joseph Forkey</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap">Wayne Coll, Mahesh Lawande</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid">2024</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap">Dr. Joseph Forkey</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap">Wayne Coll, Mahesh Lawande</td></tr> </table> Dr. Joseph Forkey Dr. Joseph Forkey Dr. Joseph Forkey <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.5in"></td><td style="width: 0.25in">(2)</td><td>Amounts reported in these columns represent compensation actually paid (calculated in accordance with SEC rules) to Dr. Forkey for each year.</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="width: 54%"> </td> <td style="white-space: nowrap; width: 15%"> </td> <td style="white-space: nowrap; width: 15%"> </td> <td style="white-space: nowrap; width: 16%"> </td></tr> <tr style="vertical-align: bottom; background-color: #00B0F0"> <td style="border: Black 1pt solid; white-space: nowrap">Adjustments to Determine CAP for PEO </td> <td style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: right">2026</td> <td style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: right">2025</td> <td style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: right">2024</td></tr> <tr style="vertical-align: bottom"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid">Total SCT for PEO </td> <td id="xdx_984_eecd--PeoTotalCompAmt_c20250701__20260630_zFFpBvVTPvf6" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: right" title="SCT Total for PEO">381,034</td> <td id="xdx_987_eecd--PeoTotalCompAmt_c20240701__20250630_z6VQfqcfydj4" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: right" title="SCT Total for PEO">1,106,559</td> <td id="xdx_98B_eecd--PeoTotalCompAmt_c20230701__20240630_z67s45etstc8" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: right" title="SCT Total for PEO">251,032</td></tr> <tr style="vertical-align: bottom"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid">Deduction for Amounts Reportable under the "Option Awards" Columns in the SCT</td> <td id="xdx_98A_eecd--AdjToCompAmt_d0_c20250701__20260630__ecd--ExecutiveCategoryAxis__ecd--PeoMember__ecd--AdjToCompAxis__custom--DeductionForAmountsReportableUnderTheOptionAwardsColumnsInTheSCTMember_zE7rfgmyY1Cd" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: right">–</td> <td id="xdx_982_eecd--AdjToCompAmt_c20240701__20250630__ecd--ExecutiveCategoryAxis__ecd--PeoMember__ecd--AdjToCompAxis__custom--DeductionForAmountsReportableUnderTheOptionAwardsColumnsInTheSCTMember_zTqrhGxzm5Cj" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: right">(742,000)</td> <td id="xdx_984_eecd--AdjToCompAmt_d0_c20230701__20240630__ecd--ExecutiveCategoryAxis__ecd--PeoMember__ecd--AdjToCompAxis__custom--DeductionForAmountsReportableUnderTheOptionAwardsColumnsInTheSCTMember_zRk2YASLBTx3" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: right">–</td></tr> <tr style="vertical-align: bottom"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid">Increase for Fair Value of Awards Granted during the year that Remain Unvested as of Year end</td> <td id="xdx_98A_eecd--AdjToCompAmt_c20250701__20260630__ecd--ExecutiveCategoryAxis__ecd--PeoMember__ecd--AdjToCompAxis__custom--IncreaseForFairValueOfAwardsGrantedDuringTheYearThatRemainUnvestedAsOfYearEndMember_zislUorkhVbl" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: right">5,272</td> <td id="xdx_981_eecd--AdjToCompAmt_c20240701__20250630__ecd--ExecutiveCategoryAxis__ecd--PeoMember__ecd--AdjToCompAxis__custom--IncreaseForFairValueOfAwardsGrantedDuringTheYearThatRemainUnvestedAsOfYearEndMember_zKuXZQC0Gi35" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: right">670,000</td> <td id="xdx_989_eecd--AdjToCompAmt_d0_c20230701__20240630__ecd--ExecutiveCategoryAxis__ecd--PeoMember__ecd--AdjToCompAxis__custom--IncreaseForFairValueOfAwardsGrantedDuringTheYearThatRemainUnvestedAsOfYearEndMember_zwzWDoWt6ACl" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: right">–</td></tr> <tr style="vertical-align: bottom"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid">Increase/deduction for Change in Fair Value from Prior Year-end to Vesting of Awards Granted Prior to year that Vested During year</td> <td id="xdx_983_eecd--AdjToCompAmt_c20250701__20260630__ecd--ExecutiveCategoryAxis__ecd--PeoMember__ecd--AdjToCompAxis__custom--IncreaseDeductionForChangeInFairValueFromPriorYearEndToVestingOfAwardsGrantedPriorToYearThatVestedDuringYearMember_zGLlJDM7S5Vc" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: right">2,636</td> <td id="xdx_989_eecd--AdjToCompAmt_d0_c20240701__20250630__ecd--ExecutiveCategoryAxis__ecd--PeoMember__ecd--AdjToCompAxis__custom--IncreaseDeductionForChangeInFairValueFromPriorYearEndToVestingOfAwardsGrantedPriorToYearThatVestedDuringYearMember_zDR6jwcJHlW2" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: right">–</td> <td id="xdx_985_eecd--AdjToCompAmt_d0_c20230701__20240630__ecd--ExecutiveCategoryAxis__ecd--PeoMember__ecd--AdjToCompAxis__custom--IncreaseDeductionForChangeInFairValueFromPriorYearEndToVestingOfAwardsGrantedPriorToYearThatVestedDuringYearMember_zAb60sGsygX6" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: right">–</td></tr> <tr style="vertical-align: bottom"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid">Total Adjustments</td> <td id="xdx_98E_eecd--AdjToCompAmt_c20250701__20260630__ecd--ExecutiveCategoryAxis__ecd--PeoMember_zdErRVZx16U5" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: right">7,908</td> <td id="xdx_981_eecd--AdjToCompAmt_c20240701__20250630__ecd--ExecutiveCategoryAxis__ecd--PeoMember_zdFZWlZzzZfa" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: right">(72,000)</td> <td id="xdx_988_eecd--AdjToCompAmt_d0_c20230701__20240630__ecd--ExecutiveCategoryAxis__ecd--PeoMember_zaEobFrmSRNh" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: right">–</td></tr> <tr style="vertical-align: bottom"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid">CAP for PEO </td> <td id="xdx_987_eecd--PeoActuallyPaidCompAmt_c20250701__20260630_z4ttDjIHmeq6" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: right" title="CAP to PEO">388,942</td> <td id="xdx_985_eecd--PeoActuallyPaidCompAmt_c20240701__20250630_zCNeV7pLetk7" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: right" title="CAP to PEO">1,034,559</td> <td id="xdx_987_eecd--PeoActuallyPaidCompAmt_c20230701__20240630_zoqv0XoTD946" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: right" title="CAP to PEO">251,032</td></tr> </table> 381034 1106559 251032 0 -742000 0 5272 670000 0 2636 0 0 7908 -72000 0 388942 1034559 251032 <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.5in"></td><td style="width: 0.25in">(3)</td><td style="text-align: justify">Amounts reported in these columns represent compensation actually paid (calculated in accordance with SEC rules) and the average of the compensation actually paid to Non-PEO NEOs and reflects the following adjustments from total compensation reported in the Summary Compensation Table:</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: #00B0F0"> <td style="border: Black 1pt solid; white-space: nowrap; width: 56%">Adjustments to Determine CAP for Non-PEO NEOs</td> <td style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: right; width: 14%">2026</td> <td style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: right; width: 14%">2025</td> <td style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: right; width: 16%">2024</td></tr> <tr style="vertical-align: bottom"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid">Average total SCT for non-PEO NEOs</td> <td id="xdx_980_eecd--NonPeoNeoAvgTotalCompAmt_c20250701__20260630_zMuePxtYKPJk" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: right" title="Average Summary Compensation Table Total for non-PEO Named Executive Officers">428,150</td> <td id="xdx_98A_eecd--NonPeoNeoAvgTotalCompAmt_c20240701__20250630_zs3IIwuMa8ib" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: right" title="Average Summary Compensation Table Total for non-PEO Named Executive Officers">288,568</td> <td id="xdx_98F_eecd--NonPeoNeoAvgTotalCompAmt_c20230701__20240630_zFM2URpHRwsk" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: right" title="Average Summary Compensation Table Total for non-PEO Named Executive Officers">284,615</td></tr> <tr style="vertical-align: bottom"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid">Deduction for Amounts Reportable under the "Option Awards" Columns in the SCT</td> <td id="xdx_98F_eecd--AdjToCompAmt_c20250701__20260630__ecd--ExecutiveCategoryAxis__ecd--NonPeoNeoMember__ecd--AdjToCompAxis__custom--DeductionForAmountsReportableUnderTheOptionAwardsColumnsInTheSCTMember_z9SQWkvo6PZ3" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: right">(122,664)</td> <td id="xdx_98C_eecd--AdjToCompAmt_c20240701__20250630__ecd--ExecutiveCategoryAxis__ecd--NonPeoNeoMember__ecd--AdjToCompAxis__custom--DeductionForAmountsReportableUnderTheOptionAwardsColumnsInTheSCTMember_z6tbt7N0UEO4" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: right">(166,950)</td> <td id="xdx_98C_eecd--AdjToCompAmt_d0_c20230701__20240630__ecd--ExecutiveCategoryAxis__ecd--NonPeoNeoMember__ecd--AdjToCompAxis__custom--DeductionForAmountsReportableUnderTheOptionAwardsColumnsInTheSCTMember_z37qd2dow1ah" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: right">–</td></tr> <tr style="vertical-align: bottom"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid">Increase for Fair Value of Awards Granted during the year that Remain Unvested as of Year end</td> <td id="xdx_981_eecd--AdjToCompAmt_c20250701__20260630__ecd--ExecutiveCategoryAxis__ecd--NonPeoNeoMember__ecd--AdjToCompAxis__custom--IncreaseForFairValueOfAwardsGrantedDuringTheYearThatRemainUnvestedAsOfYearEndMember_zjWeGGThUtCf" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: right">108,900</td> <td id="xdx_98B_eecd--AdjToCompAmt_c20240701__20250630__ecd--ExecutiveCategoryAxis__ecd--NonPeoNeoMember__ecd--AdjToCompAxis__custom--IncreaseForFairValueOfAwardsGrantedDuringTheYearThatRemainUnvestedAsOfYearEndMember_zs5xYHFvZOca" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: right">150,750</td> <td id="xdx_985_eecd--AdjToCompAmt_d0_c20230701__20240630__ecd--ExecutiveCategoryAxis__ecd--NonPeoNeoMember__ecd--AdjToCompAxis__custom--IncreaseForFairValueOfAwardsGrantedDuringTheYearThatRemainUnvestedAsOfYearEndMember_z0PjHNpZb9y1" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: right">–</td></tr> <tr style="vertical-align: bottom"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid">Increase/deduction for Change in Fair Value from Prior Year-end to current Year-end of Awards Granted Prior to year that were Outstanding and Unvested as of Year-end</td> <td id="xdx_98F_eecd--AdjToCompAmt_c20250701__20260630__ecd--ExecutiveCategoryAxis__ecd--NonPeoNeoMember__ecd--AdjToCompAxis__custom--IncreaseDeductionForChangeInFairValueFromPriorYearEndToCurrentYearEndOfAwardsGrantedPriorToYearThatWereOutstandingAndUnvestedAsOfYearEndMember_zsEqzU43A0kk" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: right">824</td> <td id="xdx_980_eecd--AdjToCompAmt_c20240701__20250630__ecd--ExecutiveCategoryAxis__ecd--NonPeoNeoMember__ecd--AdjToCompAxis__custom--IncreaseDeductionForChangeInFairValueFromPriorYearEndToCurrentYearEndOfAwardsGrantedPriorToYearThatWereOutstandingAndUnvestedAsOfYearEndMember_zVjVZZtOtSI2" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: right">(45,217)</td> <td id="xdx_98C_eecd--AdjToCompAmt_c20230701__20240630__ecd--ExecutiveCategoryAxis__ecd--NonPeoNeoMember__ecd--AdjToCompAxis__custom--IncreaseDeductionForChangeInFairValueFromPriorYearEndToCurrentYearEndOfAwardsGrantedPriorToYearThatWereOutstandingAndUnvestedAsOfYearEndMember_zVwi7KL9eB72" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: right">(17,489)</td></tr> <tr style="vertical-align: bottom"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid">Increase/deduction for Change in Fair Value from Prior Year-end to Vesting of Awards Granted Prior to year that Vested During year</td> <td id="xdx_98C_eecd--AdjToCompAmt_c20250701__20260630__ecd--ExecutiveCategoryAxis__ecd--NonPeoNeoMember__ecd--AdjToCompAxis__custom--IncreaseDeductionForChangeInFairValueFromPriorYearEndToVestingOfAwardsGrantedPriorToYearThatVestedDuringYearMember_zcQmSuSHL2da" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: right">(2,910)</td> <td id="xdx_98E_eecd--AdjToCompAmt_c20240701__20250630__ecd--ExecutiveCategoryAxis__ecd--NonPeoNeoMember__ecd--AdjToCompAxis__custom--IncreaseDeductionForChangeInFairValueFromPriorYearEndToVestingOfAwardsGrantedPriorToYearThatVestedDuringYearMember_zAQmH2QRqV65" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: right">(29,317)</td> <td id="xdx_987_eecd--AdjToCompAmt_c20230701__20240630__ecd--ExecutiveCategoryAxis__ecd--NonPeoNeoMember__ecd--AdjToCompAxis__custom--IncreaseDeductionForChangeInFairValueFromPriorYearEndToVestingOfAwardsGrantedPriorToYearThatVestedDuringYearMember_zSZj2PJpki37" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: right">(4,211)</td></tr> <tr style="vertical-align: bottom"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid">Change in Fair Value of Awards Granted Prior to year that were modified during year</td> <td id="xdx_986_eecd--AdjToCompAmt_d0_c20250701__20260630__ecd--ExecutiveCategoryAxis__ecd--NonPeoNeoMember__ecd--AdjToCompAxis__custom--ChangeInFairValueOfAwardsGrantedPriorToYearThatWereModifiedDuringYearMember_zUL42XePU28j" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: right">–</td> <td id="xdx_98C_eecd--AdjToCompAmt_d0_c20240701__20250630__ecd--ExecutiveCategoryAxis__ecd--NonPeoNeoMember__ecd--AdjToCompAxis__custom--ChangeInFairValueOfAwardsGrantedPriorToYearThatWereModifiedDuringYearMember_zIkxz4SO6EGa" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: right">–</td> <td id="xdx_98E_eecd--AdjToCompAmt_c20230701__20240630__ecd--ExecutiveCategoryAxis__ecd--NonPeoNeoMember__ecd--AdjToCompAxis__custom--ChangeInFairValueOfAwardsGrantedPriorToYearThatWereModifiedDuringYearMember_zmMK05BfyfSh" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: right">(2,593)</td></tr> <tr style="vertical-align: bottom"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right">Total Adjustments</td> <td id="xdx_98E_eecd--AdjToCompAmt_c20250701__20260630__ecd--ExecutiveCategoryAxis__ecd--NonPeoNeoMember_zrQCYjOgzn0d" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: right">(15,850)</td> <td id="xdx_98E_eecd--AdjToCompAmt_c20240701__20250630__ecd--ExecutiveCategoryAxis__ecd--NonPeoNeoMember_zyQ70NE686lk" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: right">(90,734)</td> <td id="xdx_989_eecd--AdjToCompAmt_c20230701__20240630__ecd--ExecutiveCategoryAxis__ecd--NonPeoNeoMember_zqUV9dSmi3Sh" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: right">(24,293)</td></tr> <tr style="vertical-align: bottom"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: right">Average CAP for non-PEO NEOs</td> <td id="xdx_98E_eecd--NonPeoNeoAvgCompActuallyPaidAmt_c20250701__20260630_zbs0n9t8CaJ4" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: right" title="Average Compensation Actually Paid to non-PEO Named Executive Officers">412,300</td> <td id="xdx_985_eecd--NonPeoNeoAvgCompActuallyPaidAmt_c20240701__20250630_zwAdt6xJ71Jl" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: right" title="Average Compensation Actually Paid to non-PEO Named Executive Officers">197,834</td> <td id="xdx_980_eecd--NonPeoNeoAvgCompActuallyPaidAmt_c20230701__20240630_za0aOqzTltV4" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: right" title="Average Compensation Actually Paid to non-PEO Named Executive Officers">260,322</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.5in"></td><td style="width: 0.25in">(4)</td><td style="text-align: justify">Assumes $100 invested on June 30, 2023, at the closing price on the last day of trading of our common stock and immediately prior to commencement of fiscal 2024.</td></tr></table> 428150 288568 284615 -122664 -166950 0 108900 150750 0 824 -45217 -17489 -2910 -29317 -4211 0 0 -2593 -15850 -90734 -24293 412300 197834 260322 CAP and Cumulative TSR The following chart sets forth the relationship between CAP to our CEO, the average CAP to our Non-CEO NEOs, and the Company’s cumulative TSR over the three most recently completed fiscal years. <img alt="" src="image_008.jpg" style="height: 333px; width: 587px"/> CAP and Company Net Income The following chart sets forth the relationship between CAP to our CEO, the average CAP to our Non-CEO NEOs, and our net income during the three most recently completed fiscal years. <img alt="" src="image_009.jpg" style="height: 330px; width: 629px"/>