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Income taxes (Tables)

3 Months Ended

Sep. 30, 2024

Income Tax Disclosure [Abstract]

Schedule of income tax provision

Schedule of income tax provision
		September 30, 2024				September 30, 2023
Current:
Federal		$	–			$	(1,705	)
State			8,409				12,470
Foreign			–				–
Total current income tax provision			8,409				10,765
Deferred:
Federal			(521,137	)			(284,648	)
State			(123,784	)			(66,624	)
Foreign			–				64,625
Total deferred taxes			(644,921	)			(286,647	)
Total provision for income taxes		$	(636,512	)		$	(275,882	)

Schedule of reconciliation of effective income tax expenses rate

Schedule of  reconciliation of effective income tax expenses rate
		September 30, 2024				September 30, 2023
Statutory tax rate
Federal			21.00%				21.00%
State (net of federal benefit)			5.51%				5.82%
Foreign tax rate difference			(3.16%	)			(4.88%	)
Net effect of state income tax deduction and other permanent differences			0.5%				(4.31%	)
Effective tax rate			23.85%				17.63%

Schedule of deferred taxes

Schedule of deferred taxes
		September 30, 2024				June 30, 2024
Deferred tax assets
263A calculation		$	239,234			$	291,354
Inventory reserve			248,254				171,942
State taxes			1,766				4,840
Accrued expenses			131,467				155,860
ROU assets / liabilities			107,632				110,391
Net operating loss			2,304,794				2,190,589
Disallowed interest expense			269,322				258,352
Stock-based compensation			395,850				341,591
Valuation allowance			(85,054	)			(64,897	)
Allowance for credit loss			485,472				40,067
Total deferred tax assets			4,098,737				3,500,089
Deferred tax liabilities
Depreciation			(74,059	)			(77,287	)
Intangible assets acquired			(934,153	)			(977,197	)
Total deferred tax liabilities			(1,008,212	)			(1,054,484	)
Net deferred tax assets		$	3,090,525			$	2,445,605

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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://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-9

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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://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

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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://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

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-Topic 740
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A

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-Section 50
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