XML 44 R28.htm IDEA: XBRL DOCUMENT
v3.25.3

INCOME TAXES (Tables) | 12 Months Ended
--- | ---
Jun. 30, 2025
Income Tax Disclosure [Abstract] |
SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES | The Company has primarily incurred losses since inception. A current state income tax provision of $4,000 has been recorded for state minimum and net worth taxes. Significant components of the Company’s net deferred tax assets and liabilities are shown in the table below. SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES
|  | 2025 |  |  | 2024 |
|  | Year ended June 30,
|  | 2025 |  |  | 2024 |
Deferred tax assets: |  |  |  |  |  |  |  |
Net operating loss carryforwards |  | $ | 22,222,000 |  |  | $ | 21,553,000 |
Research and development credit carryforward |  |  | 27,000 |  |  |  | 27,000 |
Capitalized research and development expenses |  |  | 2,323,000 |  |  |  | 1,987,000 |
Stock compensation |  |  | 20,000 |  |  |  | 638,000 |
Disallowed interest expense |  |  | 740,000 |  |  |  | 431,000 |
Lease liability |  |  | 322,000 |  |  |  | 567,000 |
Other, net |  |  | 2,138,000 |  |  |  | 1,785,000 |
Gross deferred tax assets |  |  | 27,792,000 |  |  |  | 26,988,000 |
Less valuation allowance |  |  | (27,508,000 | ) |  |  | (26,483,000 | )
Total deferred tax assets |  |  | 284,000 |  |  |  | 505,000 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Right of use asset |  |  | (284,000 | ) |  |  | (505,000 | )
Total deferred tax liabilities |  |  | (284,000 | ) |  |  | (505,000 | )
Total net deferred tax liabilities |  | $ | – |  |  | $ | – |
SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION | The provision for income taxes on earnings subject to income taxes differs from the statutory federal rate at June 30, 2025 and 2024, due to the following: SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION
|  | 2025 |  |  | 2024 |
|  | Year ended June 30,
|  | 2025 |  |  | 2024 |
Federal income taxes at 21% |  | $ | (1,401,000 | ) |  | $ | (1,749,000 | )
State income taxes, net |  |  | (223,000 | ) |  |  | (546,000 | )
Permanent differences and other |  |  | 178,000 |  |  |  | 241,000 |
Other true ups |  |  | 425,000 |  |  |  | 270,000 |
Change in valuation allowance |  |  | 1,025,000 |  |  |  | 1,787,000 |
Provision for income taxes |  | $ | 4,000 |  |  | $ | 3,000 |

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration