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Note 13 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

		Fiscal Year Ended December 31,				Six Months Ended December 31,				Fiscal Year Ended June 30,
		2024				2023				2023
Income tax benefit at statutory tax rate		$	(8,016,170	)		$	(8,560,924	)		$	(8,345,673	)
State tax benefit			(20,943	)			1,159,273				(3,225,218	)
Return to provision			(1	)			(20,354	)			—
Effect of rates different than statutory			(74,936	)			(19,957	)			—
Permanent differences			347,651				(5,119	)			19,916
Stock based compensation			—				—				(527,765	)
Legal fees			—				—				24,167
Convertible debt interest			397,630				198,825				368,875
162(m) Limitation			—				—				373,763
Other valuation allowance			7,283,368				7,248,256				11,311,935
Income tax benefit		$	(83,401	)		$	—			$	—

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The provision for income taxes for the periods indicated below are comprised of the following:

		Fiscal Year Ended December 31,				Six Months Ended December 31,				Fiscal Year Ended  June 30,
		2024				2023				2023
Current:
Federal		$	3,690			$	—			$	—
State			3,420				—				—
Total current income tax (benefit) / expense		$	7,110			$	—			$	—
Deferred:
Federal		$	(66,866	)		$	—			$	—
State			(23,645	)			—				—
Total deferred income tax (benefit) / expense		$	(90,511	)		$	—			$	—
Total income tax (benefit) / expense		$	(83,401	)		$	—			$	—

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The net deferred tax asset is comprised of the following:

		Fiscal Year Ended December 31,				Six Months Ended December 31,				Fiscal Year Ended  June 30,
		2024				2023				2023
Deferred tax asset:
Investment in the Peak Gold JV		$	13,061,391			$	15,587,054			$	14,203,470
State deferred tax assets			10,483,657				5,569,010				6,728,285
Stock option expenses			1,209,422				1,374,914				1,106,783
Derivatives			12,169,077				4,917,734				—
Net operating losses			15,009,092				6,865,323				5,027,243
Valuation allowance			(52,239,634	)			(34,314,035	)			(27,065,781	)
Net deferred tax asset / (liability)		$	(306,995	)		$	—			$	—

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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

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-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
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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
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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.

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-Topic 740
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-Name Accounting Standards Codification
-Section 55
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