In prior years, The Company implemented a stock-based incentive compensation plan for its employees. Participating employees have an after-tax deduction withheld by the Company throughout the calendar year. As of December 31 of each year, the employee is considered vested in the plan, and The Company will match the participating employees withheld amounts. The Company may also make a discretionary contributions based upon pay incentives or attendance. Periodically, The Company will purchase restricted stock on behalf of the employee in the amount of their withholding , our match, and any discretionary contributions. This plan was discontinued in fiscal year 2015 and there are no liabilities for past contributions either in cash or unissued common stock. During the year ended June 30, 2005, The Company into as sales and leaseback transaction with a related party. The Company sold various buildings at the corporate headquarters which house its manufacturing plants, executive offices and other buildings for $600,000 in cash. The Company simultaneously entered into a commercial lease agreement with the related party whereby the Company is committed to lease back these same properties for $6,800 per month over a ten-year term expiring December 31, 2014. On July 1, 2015 a new lease was entered into with the related party. This lease terms have a term of five years and the monthly rental is $5,500 in cash, in addition the company issued common stock as part of the transaction, this portion of the lease is covered in NOTE 9. Future annual commitments under the current operating lease are: Payments Amortization of Contra equity in cash account Fiscal year end June 30, 2017 $ 66,000 $ 312,000 Fiscal year end June 30, 2018 66,000 312,000 Fiscal year end June 30, 2019 66,000 312,000 Fiscal year end June 30, 2020 66,000 312,000 Total commitments $ 264,000 $ 1,248,000 At June 30, 2016 and 2015, the Company had the following customer concentrations: Sales Accounts Receivable 2016 2015 2016 2015 Customer A 13 % 12 % 15 % * Customer B 11 % * 23 % * Customer C * * * 13 % Customer D * * * 15 % Customer E * * 20 % * *Amounts to less than 10%