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Note 10 - Income Taxes (Tables)

12 Months Ended

Jun. 30, 2025

Notes Tables

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

		2025				2024
Current:
Federal		$	641,718			$	-
State			34,132				374,491
Total Current Provision			675,850				374,491
Total Provision		$	675,850			$	374,491

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

		2025				2024
Deferred tax assets:
NOL carryover		$	1,029,290			$	1,825,300
Accrued bonus			98,278				127,800
Allowance for bad debts			63,034				59,200
Accrued expense			45,180				39,500
Capital loss carryover			38,622				38,600
Operating lease ROU			-				2,900
Total deferred tax assets			1,274,404				2,093,300
Deferred tax liabilities:
Amortization			(1,249,542	)			(1,075,600	)
Depreciation			(156,837	)			(120,000	)
Total deferred tax liabilities			(1,406,379	)			(1,195,600	)
Valuation allowance			-				(897,700	)
Net deferred tax liability		$	(131,975	)		$	-

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

		2025				2024
Expected income tax expense (benefit)		$	1,465,405			$	1,549,156
State income tax expense (benefit)			348,906				374,491
Federal tax credits			(1,109,000	)			-
Officer life insurance			46,249				51,239
Unrealized gain/loss			(19,923	)			(17,432	)
Meals and entertainment			6,329				1,961
Stock expenses			18,933				71,490
Officer salary (162m limit)			160,688				-
NOL expiry			509,109				-
Other permanent differences			279,256				-
Change in deferred tax asset/liability			(1,030,102	)			(1,656,414	)
Total income tax expense/benefit		$	675,850			$	374,491

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

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-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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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

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-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.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
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-Name Accounting Standards Codification
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