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Income Taxes (Tables) | 12 Months Ended
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Jun. 30, 2023
Income Taxes [Abstract] |
Components of Income Tax (Benefit) Provision |
Year Ended June 30, |  | 2023 |  | 2022
Current: |  |  |  |  |  |
Federal |  | $ | 230,139 |  | $ | —
State |  |  | 87,238 |  |  | 7,517
Deferred |  |  | — |  |  | —
Total income tax provision |  | $ | 317,377 |  | $ | 7,517
Effective Income Tax Rate Reconciliation |
Year Ended June 30, |  | 2023 |  | 2022
Federal income tax liability at statutory rate |  | $ | 1,803,000 |  | $ | 267,945
State income tax liability, net of federal income tax effect |  |  | 323,565 |  |  | 47,765
Utilization of net operating loss carryforwards |  |  | (1,720,747) |  |  | —
(Decrease) increase in valuation allowance |  |  | (44,841) |  |  | 1,486,001
Stock option (deduction) |  |  | (24,218) |  |  | (1,966,822)
Non-deductible officers' compensation |  |  | — |  |  | 127,612
All other permanent items |  |  | (41,701) |  |  | (50,573)
R&D credit |  |  | (19,340) |  |  | (34,936)
Return-to-provision |  |  | (54,414) |  |  | (38,863)
Expiration of stock options and tax credits |  |  | — |  |  | 7,573
State tax rate change |  |  | 83,094 |  |  | 157,716
Uncertain tax position |  |  | 25,269 |  |  | —
Other |  |  | (12,290) |  |  | 4,099
Total income tax provision |  | $ | 317,377 |  | $ | 7,517
Schedule of Deferred Income Tax Assets and Liabilities |
|  | 2023 |  | 2022
Deferred income tax assets: |  |  |  |  |  |
Deferred compensation |  | $ | 491,608 |  | $ | 479,340
Stock-based compensation |  |  | 117,607 |  |  | 107,499
Accrued expenses and reserves |  |  | 571,719 |  |  | 551,562
Deferred revenue |  |  | 138,665 |  |  | 176,447
Federal and state net operating loss carryforwards |  |  | 8,216,671 |  |  | 9,942,511
IRC Section 174 research and development costs |  |  | 63,855 |  |  | —
Credit carryforwards |  |  | 169,552 |  |  | 292,155
Equipment and leasehold improvements |  |  | 136,294 |  |  | 122,764
Lease liability |  |  | 744,431 |  |  | 803,603
Valuation allowance |  |  | (9,906,018) |  |  | (11,671,606)
Total deferred income tax assets |  |  | 744,384 |  |  | 804,275
Equipment and leasehold improvements |  |  | — |  |  | —
ROU asset |  |  | (742,386) |  |  | (803,603)
Other |  |  | (1,998) |  |  | (672)
Net deferred income tax assets |  | $ | - |  | $ | -
Schedule of Change in Valuation Allowance |
|  | Balance, |  | Decrease (Increase) |  |  |
|  | beginning |  | in valuation |  | Balance,
Year Ended June 30, |  | of year |  | allowance |  | end of year
2023 |  | $ | (11,671,606) |  | $ | 1,765,588 |  | $ | (9,906,018)
2022 |  | $ | (10,185,605) |  | $ | (1,486,001) |  | $ | (11,671,606)

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