v3.23.1
Income Taxes (Tables)
9 Months Ended
Mar. 31, 2023
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%

Valuation allowance

 

26%

Effective tax rate

 

0%

 

Schedule of deferred tax assets and liabilities

 

 

March 31, 2023

 

June 30, 2022

Federal

 

 

 

 

Deferred tax assets

$8,802,100 

 

 $  7,781,500

 

Less valuation allowance

 (8,802,100)

 

 (7,781,500)

 

Deferred tax liabilities

 -

 

 -

 

 

 -

 

 -

State

 

  

 

 

Deferred tax assets

 $1,619,300

 

 1,966,600

 

Less valuation allowance

 (1,619,300)

 

 (1,966,600)

 

Deferred tax liabilities

 -

 

 -

 

 

 -

 

 -

 

 

  

 

 

Net Deferred Tax Assets

 $  -

 

 $  -

 

Schedule of significant components of deferred tax assets
    

 

March 31, 2023

 

June 30, 2022

Net operating loss carryforwards

 $  $10,161,400

 

$ 9,539,900

Valuation allowance

 (10,421,400)

 

(9,748,100)

Goodwill

(4,500)

 

11,000

Property and equipment

 (26,800)

 

(32,000)

Development costs

72,800

 

124,600

Intangible assets

160,100

 

46,100

Inventory allowance

 30,300

 

30,300

Warranty accrual and other

28,100

 

28,200

 

 

 

 

 Net Deferred Tax Assets

 $ -

 

$   -