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v3.25.2

INCOME TAXES (Tables) | 12 Months Ended
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Jun. 30, 2025
Cash paid during the period for income taxes by jurisdiction: |
Schedule of provision for income taxes |
Schedule of provision for income taxes |  |  |  |  |  |
|  | Years Ended June 30, |
|  | 2025 |  |  | 2024 |
Current: |  |  |  |  |  |
Federal |  | $ | 2,114 |  |  | $ | 1,493 |
State |  |  | 826 |  |  |  | 577 |
Deferred: |  |  |  |  |  |  |  |
Federal |  |  | 76 |  |  |  | (1,210 | )
State |  |  | 64 |  |  |  | (353 | )
Income tax expense |  | $ | 3,080 |  |  | $ | 507 |
Schedule of reconciliation federal statutory income tax rates |
Schedule of reconciliation federal statutory income tax rates |  |  |  |  |  |  |  |  |  |  |  |
|  | Years Ended June 30, |
|  | 2025 |  |  | 2024 |
|  | Amount |  |  | Percent Pretax Income |  |  | Amount |  |  | Percent Pretax Income |
Income before income taxes |  | $ | 12,058 |  |  |  | 100 | % |  | $ | 2,634 |  |  |  | 100 | %
Computed “expected” income tax expense on income before income taxes |  | $ | 2,532 |  |  |  | 21 | % |  | $ | 553 |  |  |  | 21 | %
State tax, net of federal benefit |  |  | 964 |  |  |  | 8 | % |  |  | 212 |  |  |  | 8 | %
Tax incentives |  |  | (149 | ) |  |  | (1 | %) |  |  | (214 | ) |  |  | (8 | %)
Uncertain tax position |  |  | (116 | ) |  |  | (1 | %) |  |  | (88 | ) |  |  | (3 | %)
Stock based compensation |  |  | (164 | ) |  |  | (1 | %) |  |  | 2 |  |  |  | — |
Other |  |  | 13 |  |  |  | — |  |  |  | 42 |  |  |  | 1 | %
Income tax expense |  | $ | 3,080 |  |  |  | 26 | % |  | $ | 507 |  |  |  | 19 | %
Schedule of deferred income tax assets and liabilities |
Schedule of deferred income tax assets and liabilities |  |  |  |  |  |
|  | June 30, |
|  | 2025 |  |  | 2024 |
Deferred tax assets: |  |  |  |  |  |  |  |
Federal and state NOL carryforward |  | $ | 23 |  |  | $ | 23 |
Research and other credits |  |  | 65 |  |  |  | 65 |
Reserves |  |  | 170 |  |  |  | 146 |
Accruals |  |  | 436 |  |  |  | 309 |
Stock based compensation |  |  | 1,096 |  |  |  | 1,008 |
Section 174 capitalization |  |  | 756 |  |  |  | 738 |
Lease liability |  |  | 353 |  |  |  | 488 |
Inventory |  |  | 614 |  |  |  | 596 |
Other |  |  | 12 |  |  |  | 5 |
Total gross deferred tax assets |  | $ | 3,525 |  |  | $ | 3,378 |
Less: valuation allowance |  |  | (90 | ) |  |  | (90 | )
Total deferred tax assets |  |  | 3,435 |  |  |  | 3,288 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Property and equipment, principally due to differing depreciation methods |  | $ | (651 | ) |  | $ | (675 | )
Right of use asset |  |  | (313 | ) |  |  | (439 | )
Deferred state tax |  |  | (61 | ) |  |  | (78 | )
Unrealized gains |  |  | (995 | ) |  |  | (541 | )
Total gross deferred tax liabilities |  |  | (2,020 | ) |  |  | (1,733 | )
Net deferred tax assets |  | $ | 1,415 |  |  | $ | 1,555 |
Schedule of accrual unrecognized tax benefits |
Schedule of accrual unrecognized tax benefits |  |  |  |  |  |
|  | June 30, |
|  | 2025 |  |  | 2024 |
Unrecognized tax benefits: |  |  |  |  |  |  |  |
Beginning balance |  | $ | 262 |  |  | $ | 345 |
Additions based on federal tax positions related to the current year |  |  | 11 |  |  |  | 15 |
Additions based on state tax positions related to the current year |  |  | 11 |  |  |  | 17 |
Additions (reductions) for tax positions of prior years |  |  | (10 | ) |  |  | 3 |
Reductions due to lapses in statutes of limitation |  |  | (115 | ) |  |  | (118 | )
Ending balance |  | $ | 159 |  |  | $ | 262 |

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