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Income Taxes (Tables) | 12 Months Ended
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Jun. 30, 2025
Income Taxes [Abstract] |
Schedule of Components of Income Taxes | The following are the components of income taxes provision (benefit) (in thousands):
Fiscal years ended June 30, |  | 2025 |  |  | 2024 |
Current |  |  |  |  |  |
Federal |  | $ | 3,200 |  |  | $ | 2,195 |
State |  |  | 1,148 |  |  |  | 568 |
|  |  | 4,348 |  |  |  | 2,763 |
Deferred |  |  |  |  |  |  |  |
Federal |  |  | (638 | ) |  |  | 516 |
State |  |  | (183 | ) |  |  | (41 | )
|  |  | (821 | ) |  |  | 475 |
|  | $ | 3,527 |  |  | $ | 3,238 |
Schedule of Reconciliation Income Tax Expense Computed at the Federal Statutory Tax Rate | The reconciliation of income tax expense computed at the federal statutory tax rate of 21% for the fiscal years ended June 30, 2025 and 2024 to the provision for income taxes is as follows (in thousands):
Fiscal years ended June 30, |  | 2025 |  |  | 2024 |
Tax at the statutory rate |  | $ | 2,313 |  |  | $ | 1,866 |
State income taxes, net of federal benefit |  |  | 745 |  |  |  | 422 |
Nondeductible compensation |  |  | 518 |  |  |  | 885 |
Other |  |  | (49 | ) |  |  | 65 |
|  | $ | 3,527 |  |  | $ | 3,238 |
Effective tax rate |  |  | 32.0 | % |  |  | 36.4 | %
Schedule of Current and Noncurrent Deferred Tax Assets and Liabilities | Significant components of the Company’s current and noncurrent deferred tax assets and liabilities as of June 30, 2025 and 2024 were as follows (in thousands):
As of June 30, |  | 2025 |  |  | 2024 |
Deferred tax assets: |  |  |  |  |  |
Allowance for credit losses |  | $ | 472 |  |  | $ | 281 |
Other reserves |  |  | 1,048 |  |  |  | - |
Inventory capitalization |  |  | 1,303 |  |  |  | 966 |
Stock compensation |  |  | 1,325 |  |  |  | 1,039 |
Accrued liabilities |  |  | 1,958 |  |  |  | 1,581 |
Other |  |  | 443 |  |  |  | 163 |
|  |  | 6,549 |  |  |  | 4,030 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Goodwill |  |  | (6,984 | ) |  |  | (5,755 | )
Inventory method changes |  |  | (1,366 | ) |  |  | - |
Depreciation |  |  | (2,701 | ) |  |  | (2,228 | )
Intangible assets |  |  | (3,189 | ) |  |  | (1,348 | )
Other |  |  | - |  |  |  | (197 | )
|  |  | (14,240 | ) |  |  | (9,528 | )
Net deferred income tax (liabilities) assets |  | $ | (7,691 | ) |  | $ | (5,498 | )

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
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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://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-2 + Details
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