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Income Taxes (Tables) | 12 Months Ended
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Jun. 30, 2024
Income Taxes [Abstract] |
Components of Income Tax (Benefit) Provision |
Years Ended June 30, |  | 2024 |  | 2023
Current: |  |  |  |  |  |
Federal |  | $ | (81,278) |  | $ | 230,139
State |  |  | 7,674 |  |  | 87,238
Deferred |  |  | — |  |  | —
Total income tax (benefit) provision |  | $ | (73,604) |  | $ | 317,377
Effective Income Tax Rate Reconciliation |
Years Ended June 30, |  | 2024 |  | 2023
Federal income tax (benefit) liability at statutory rate |  | $ | (214,457) |  | $ | 1,803,000
State income tax liability, net of federal income tax effect |  |  | (41,386) |  |  | 323,565
Utilization of net operating loss carryforwards |  |  | — |  |  | (1,720,747)
Increase (decrease) in valuation allowance |  |  | 270,679 |  |  | (44,841)
Stock option (deduction) |  |  | (243) |  |  | (24,218)
All other permanent items |  |  | (45,299) |  |  | (41,701)
R&D credit |  |  | (25,459) |  |  | (19,340)
Return-to-provision |  |  | (81,738) |  |  | (54,414)
Deferred adjustment related to payroll tax withholding on disqualifying disposition of incentive stock options |  |  | 110,906 |  |  | —
State tax rate change |  |  | (55,248) |  |  | 83,094
Uncertain tax position |  |  | 2,593 |  |  | 25,269
Other |  |  | 6,048 |  |  | (12,290)
Total income tax (benefit) provision |  | $ | (73,604) |  | $ | 317,377
Schedule of Deferred Income Tax Assets and Liabilities |
|  | 2024 |  | 2023
Deferred income tax assets: |  |  |  |  |  |
Deferred compensation |  | $ | 523,785 |  | $ | 491,608
Stock-based compensation |  |  | 76,532 |  |  | 117,607
Accrued expenses and reserves |  |  | 501,736 |  |  | 571,719
Deferred revenue |  |  | 102,519 |  |  | 138,665
Federal and state net operating loss carryforwards |  |  | 8,508,548 |  |  | 8,216,671
IRC Section 174 research and development costs |  |  | 116,204 |  |  | 63,855
Credit carryforwards |  |  | 184,406 |  |  | 169,552
Equipment and leasehold improvements |  |  | 159,648 |  |  | 136,294
Operating lease liability |  |  | 696,026 |  |  | 744,431
Valuation allowance |  |  | (10,176,697) |  |  | (9,906,018)
Total deferred income tax assets |  |  | 692,707 |  |  | 744,384
Deferred income tax liabilities: |  |  |  |  |  |
Operating right-of-use asset |  |  | (692,028) |  |  | (742,386)
Other |  |  | (679) |  |  | (1,998)
Total deferred income tax liabilities |  |  | (692,707) |  |  | (744,384)
Net deferred income tax assets |  | $ | — |  | $ | —
Schedule of Change in Valuation Allowance |
The following are the changes in the valuation allowance: |  |  |  |  |  |  |  |  |
|  | Balance, |  | Decrease (Increase) |  |  |
|  | beginning |  | in valuation |  | Balance,
Years Ended June 30, |  | of year |  | allowance |  | end of year
2024 |  | $ | (9,906,018) |  | $ | (270,679) |  | $ | (10,176,697)
2023 |  | $ | (11,671,606) |  | $ | 1,765,588 |  | $ | (9,906,018)

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- 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://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 9 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-9 + Details
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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://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-2 + Details
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- 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://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 12 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-12 + Details
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