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Income Taxes (Table) | 12 Months Ended
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Jun. 30, 2024
Income Taxes |
Schedule Of deferred income tax |
|  | 2024 |  |  | 2023 |
Net operating losses carry forward |  | $ | 4,405,547 |  |  | $ | 752,863 |
Right of use assets |  |  | 98,987 |  |  |  | - |
Inventory write off |  |  | 981,758 |  |  |  | - |
Impairment loss |  |  | 3,159,477 |  |  |  | 1,015,997 |
Intangible assets |  |  | 1,034,959 |  |  |  | 1,741,870 |
Stock Options |  |  | 2,323,784 |  |  |  | 1,999,688 |
Allowance for doubtful accounts |  |  | 16,797 |  |  |  | 56,112 |
Accrued compensation |  |  | 27,540 |  |  |  | 19,323 |
Deferred revenue |  |  | - |  |  |  | 18,196 |
Other, net |  |  | 7 |  |  |  | 7 |
Valuation allowances |  |  | (6,100,000 | ) |  |  | - |
Deferred tax asset |  | $ | 5,948,858 |  |  | $ | 5,604,056 |
Schedule Of Income Taxes |
|  | 2024 |  |  | 2023 |
Current tax provision |  | $ | 12,700 |  |  | $ | 349,260 |
Deferred tax provision |  |  | (344,801 | ) |  |  | (3,601,298 | )
Provision for income taxes (benefit) |  | $ | (332,101 | ) |  | $ | (3,049,293 | )
Schedule Of US federal income tax rate |
|  | 2024 |  |  | 2023 |
Income tax provision at statutory federal and state tax rate |  |  | 21 | % |  |  | 21.00 | %
State taxes, net of federal benefit |  |  | 0.27 | % |  |  | 5.04 | %
Nondeductible expense |  |  | (0.05 | )% |  |  | (0.24 | )%
Tax return to provision |  |  | 0.00 | % |  |  | (2.67 | )%
State tax rate change |  |  | .07 | % |  |  | 1.81 | %
Other, net |  |  | 5.53 | % |  |  | 0.90 | %
Valuation allowance |  |  | (25.43 | )% |  | - | %
Provision for income taxes |  |  | 1.38 | % |  |  | 25.83 | %

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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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- Definition 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://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 231 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-231 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12 + Details
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