XML 49 R37.htm IDEA: XBRL DOCUMENT
v3.23.3

Note 13 - Income Taxes (Tables) | 12 Months Ended
--- | ---
Jun. 30, 2023
Notes Tables |
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] |
|  | Year ended June 30, |
(dollars in thousands) |  | 2023 |  |  | 2022 |
United States |  | $ | 4,114 |  |  | $ | 5,493 |
Canada |  |  | (31 | ) |  |  | (525 | )
Total |  | $ | 4,083 |  |  | $ | 4,968 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] |
|  | Year ended June 30, |
|  |  |  |  |  | % of |  |  |  |  |  |  | % of |
(dollars in thousands) |  | 2023 |  |  | Pretax |  |  | 2022 |  |  | Pretax |
Tax expense at statutory rate |  | $ | 857 |  |  |  | 21.0 | % |  | $ | 1,042 |  |  |  | 21.0 | %
State and local income taxes, net of federal tax benefit |  |  | 131 |  |  |  | 3.2 | % |  |  | 406 |  |  |  | 8.2 | %
Tax expense (benefit) from change in foreign unrealized gain/loss |  |  | 6 |  |  |  | 0.1 | % |  |  | (281 | ) |  |  | (5.7 | )%
Non-taxable investment income (loss) |  |  | (33 | ) |  |  | (0.8 | )% |  |  | 294 |  |  |  | 5.9 | %
Income from controlled foreign corporation |  |  | 7 |  |  |  | 0.2 | % |  |  | 307 |  |  |  | 6.2 | %
Rate difference on foreign deferred income (loss) |  |  | 18 |  |  |  | 0.4 | % |  |  | (262 | ) |  |  | (5.3 | )%
Foreign tax credit |  |  | - |  |  |  | 0.0 | % |  |  | (153 | ) |  |  | (3.1 | )%
Other |  |  | (52 | ) |  |  | (1.2 | )% |  |  | 175 |  |  |  | 3.6 | %
Total tax expense |  | $ | 934 |  |  |  | 22.9 | % |  | $ | 1,528 |  |  |  | 30.8 | %
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] |
|  | Year ended June 30, |
(dollars in thousands) |  | 2023 |  |  | 2022 |
Current tax expense - U.S. |  | $ | 1,245 |  |  | $ | 3,859 |
Current tax expense - State U.S. |  |  | 131 |  |  |  | 406 |
Current tax expense (benefit) - Non-U.S. |  |  | (2 | ) |  |  | 154 |
Deferred tax benefit - U.S. |  |  | (442 | ) |  |  | (2,657 | )
Deferred tax expense (benefit) - Non-U.S. |  |  | 2 |  |  |  | (234 | )
Total tax expense |  | $ | 934 |  |  | $ | 1,528 |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |
|  | June 30, |
(dollars in thousands) |  | 2023 |  |  | 2022 |
Deferred Income Tax Assets: |  |  |  |  |  |  |  |
Accumulated depreciation |  | $ | 117 |  |  | $ | 102 |
Investments in securities at fair value |  |  | 1,604 |  |  |  | 837 |
Accrued expenses |  |  | 218 |  |  |  | 407 |
Product start-up costs |  |  | 99 |  |  |  | 99 |
Share-based compensation expense |  |  | 162 |  |  |  | 164 |
Other |  |  | 40 |  |  |  | 16 |
Net operating loss carryover |  |  | 24 |  |  |  | - |
Subtotal Deferred Tax Assets |  |  | 2,264 |  |  |  | 1,625 |
Valuation Allowance |  |  | (24 | ) |  |  | - |
Total Deferred Tax Assets |  |  | 2,240 |  |  |  | 1,625 |
Deferred Income Tax Liabilities: |  |  |  |  |  |  |  |
Investments in securities at fair value |  | $ | (4 | ) |  | $ | - |
Prepaid expenses |  |  | (77 | ) |  |  | (64 | )
Other investments |  |  | - |  |  |  | (430 | )
Foreign tax on undistributed earnings |  |  | (243 | ) |  |  | (259 | )
Total Deferred Tax Liabilities |  |  | (324 | ) |  |  | (753 | )
Net Deferred Tax Asset |  | $ | 1,916 |  |  | $ | 872 |
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block] |
|  | Year ended June 30, |
(dollars in thousands) |  | 2023 |  |  | 2022 |
Beginning Balance |  | $ | 379 |  |  | $ | - |
Increases related to current year tax positions |  |  | 117 |  |  |  | 379 |
Ending Balance |  | $ | 496 |  |  | $ | 379 |

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

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(1)(Note 1)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 217 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482663/740-10-55-217 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-15A + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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