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INCOME TAXES (Tables) | 12 Months Ended
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Jun. 30, 2023
Income Tax Disclosure [Abstract] |
Schedule of income tax benefit |
Schedule of income tax benefit |  |  |  |  |  |
|  | Year Ended June 30, |
|  | 2023 |  |  | 2022 |
Current income tax (benefit) expense: |  |  |  |  |  |  |  |
Federal |  | $ | 5,211 |  |  | $ | (127,998 | )
State |  |  | 975 |  |  |  | 975 |
Foreign |  |  | (4,766 | ) |  |  | 49,843 |
Total Current income tax expense (benefit) |  |  | 1,420 |  |  |  | (77,180 | )
Deferred income tax benefit: |  |  |  |  |  |  |  |
Federal |  |  | (752,843 | ) |  |  | (876,513 | )
State |  |  | (6,155 | ) |  |  | (83,375 | )
Foreign |  |  | (129,081 | ) |  |  | – |
Total deferred income tax expense (benefit) |  |  | (888,079 | ) |  |  | (959,888 | )
Benefit for income taxes |  | $ | (886,659 | ) |  | $ | (1,037,068 | )
Schedule of effective income tax rate |
Schedule of effective income tax rate |  |  |  |  |  |
|  | Year Ended June 30, |
|  | 2023 |  |  | 2022 |
Federal income tax, at statutory rate of 21% applied to (loss) earnings before income taxes and extraordinary items |  | $ | (810,281 | ) |  | $ | (982,130 | )
State tax, net of federal tax benefit |  |  | 15,082 |  |  |  | (82,840 | )
Nondeductible expenses |  |  | 5,850 |  |  |  | 870 |
R&D credits |  |  | (51,415 | ) |  |  | (46,643 | )
Global intangible low-taxed income |  |  | – |  |  |  | 152,930 |
Foreign rate difference |  |  | 4,743 |  |  |  | (16,279 | )
Others |  |  | (50,638 | ) |  |  | (62,976 | )
Change in valuation allowance |  |  | – |  |  |  | – |
Benefit for income taxes |  | $ | (886,659 | ) |  | $ | (1,037,068 | )
Schedule of deferred tax assets |
Schedule of deferred tax assets |  |  |  |  |  |
|  | June 30, 2023 |  |  | June 30, 2022 |
Deferred tax asset: |  |  |  |  |  |  |  |
Net operating losses |  | $ | 697,431 |  |  | $ | 737,258 |
State tax |  |  | 205 |  |  |  | – |
Lease accounting, net |  |  | 1,359 |  |  |  | 4,299 |
Intangibles |  |  | 735,680 |  |  |  | 156,334 |
Tax credits |  |  | 191,544 |  |  |  | 202,958 |
Legal contingency expense reserve |  |  | 504,000 |  |  |  | – |
Inventory reserve |  |  | 123,488 |  |  |  | 155,133 |
Other, net |  |  | 104,044 |  |  |  | 145,679 |
Total deferred tax assets |  |  | 2,357,751 |  |  |  | 1,401,661 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Deferred state taxes |  |  | (49,787 | ) |  |  | (46,565 | )
State tax |  |  | – |  |  |  | 205 |
Property and equipment, net |  |  | (1,652 | ) |  |  | (7,865 | )
Unrealized gain (loss) |  |  | (70,797 | ) |  |  | – |
Total deferred tax liabilities |  |  | (122,236 | ) |  |  | (54,225 | )
Less valuation allowance |  |  | – |  |  |  | – |
Net deferred tax asset |  | $ | 2,235,515 |  |  | $ | 1,347,436 |
Schedule of unrecognized tax benefits |
Schedule of unrecognized tax benefits |  |  |
Balance as of June 30, 2021 |  | $ | 335,259 |
Gross increase |  |  | 29,789 |
Balance as of June 30, 2022 |  |  | 365,048 |
Gross increase |  |  | 23,968 |
Balance as of June 30, 2023 |  | $ | 389,016 |

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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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