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Note 10 - Income Taxes (Tables)

12 Months Ended

Jun. 30, 2024

Notes Tables

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

		2024				2023
Deferred tax assets:
NOL carryover		$	1,825,300			$	9,539,700
Capital loss carryover			38,600				38,600
Allowance for bad debts			59,200				44,200
Accrued expense			167,300				199,000
Operating lease ROU			2,900				1,000
Depreciation			(120,000	)			(247,500	)
Amortization			(1,075,600	)			(932,100	)
Valuation allowance			(897,700	)			(8,642,900	)
Net deferred tax asset		$	-			$	-

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

		2024				2023
Book income		$	1,549,156			$	1,453,475
Stock for services			71,490				15,824
Change in accrual			(31,672	)			16,586
Life insurance			51,239				14,933
Meals and entertainment			1,961				844
Change in allowance			14,942				(9,357	)
Change in depreciation			84,332				(181,879	)
Unrealized gain			(17,432	)			2,536
Operating lease ROU			447				1,002
Excess			-				-
Capital loss carryover			-				-
NOL utilization			(1,724,463	)			(1,313,964	)
Valuation allowance			-				-
		$	-			$	-

X

- 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

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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

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