v3.22.4

Income Taxes (Tables)

6 Months Ended

Dec. 31, 2022

Income Taxes [Abstract]

Schedule of effective tax rate differed from the federal statutory income tax rate

Federal statutory rate		21%
State tax, net of federal tax effect		5.04%
Valuation allowance		-26%
Effective tax rate		0%

Schedule of deferred tax assets and liabilities

		December 31, 2022		June 30, 2022
Federal
	Deferred tax assets	$8,538,100		$ 7,781,500
	Less valuation allowance	(8,538,100)		(7,781,500)
	Deferred tax liabilities	-		-
		-		-
State
	Deferred tax assets	$ 1,539,900		$ 1,966,600
	Less valuation allowance	(1,539,900)		(1,966,600)
	Deferred tax liabilities	-		-
		-		-
	Net Deferred Tax Assets	$  -		$  -

Schedule of significant components of deferred tax assets

	December 31, 2022		June 30, 2022
Net operating loss carryforwards	$  $9,836,100		$ 9,539,900
Valuation allowance	(10,078,000)		(9,748,100)
Goodwill	600		11,000
Property and equipment	(28,600)		(32,000)
Development costs	148,200		124,600
Intangible assets	63,200		46,100
Inventory allowance	30,300		30,300
Warranty accrual and other	28,200		28,200
Net Deferred Tax Assets	$ -		$   -

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- Definition

Schedule of Significant Components of Deferred Tax Assets.

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- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319

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