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INCOME TAX (Tables) | 12 Months Ended
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Jun. 30, 2025
INCOME TAX |
Schedule of income tax benefit (provision) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | June 30, 2025 |  | June 30, 2024
Current Tax: | ​ |  | ​ | ​ |  | ​
Federal | ​ | $ | — | ​ | $ | —
State | ​ |  | 1,556 | ​ |  | 3,170
Total current | ​ |  | 1,556 | ​ |  | 3,170
​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred Tax: | ​ |  | ​ | ​ |  | ​
Federal | ​ |  | (209,219) | ​ |  | (546,276)
State | ​ |  | (51,718) | ​ |  | (26,630)
Total deferred | ​ |  | (260,937) | ​ |  | (572,906)
​ | ​ | ​ | ​ | ​ | ​ | ​
Total benefit on income taxes | ​ | $ | (259,381) | ​ | $ | (569,736)
​ | ​ | ​ | ​ | ​ | ​ | ​
Schedule of federal income tax rate to the company's effective tax rate | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | June 30, 2025 |  | Rate |
Tax at Statutory rate (21%) | ​ | $ | 1,153,091 | ​ | 21.00 | %
​ | ​ | ​ | ​ | ​ | ​ | ​
Permanent Differences: | ​ |  | ​ | ​ | ​ | ​
Change in fair value of warrant liability | ​ | $ | (38,765) | ​ | (0.71) | %
Meals | ​ |  | 2,836 | ​ | 0.05 | %
Entertainment | ​ |  | 34 | ​ | 0.00 | %
Chane in fair value of convertible note | ​ |  | (837,981) | ​ | (15.26) | %
Change in fair value of Long-Term and Short-Term Investor Notes | ​ |  | (2,597,515) | ​ | (47.31) | %
Change in fair value of Earnout Liability | ​ |  | (195,090) | ​ | (3.55) | %
Change in fair value of Subscription Agreement | ​ |  | 13,503 | ​ | 0.25 | %
Change in fair value of Stock Payable | ​ |  | (48,887) | ​ | (0.89) | %
Change in fair value of Tau Agreement | ​ |  | 85,597 | ​ | 1.56 | %
Change in fair value of Tau commitment fee | ​ |  | (10,536) | ​ | (0.19) | %
Change in fair value of WDCO sellers convertible note | ​ |  | (10,363) | ​ | (0.19) | %
Change in fair value of WDCO Share payable | ​ |  | 176,353 | ​ | 3.21 | %
Change in statutory rate | ​ |  | 13,123 | ​ | 0.24 | %
Return To Provision | ​ |  | (1,477,734) |  | (26.91) | %
State Tax – Net of Federal Benefit | ​ |  | (400,312) | ​ | (7.29) | %
State Minimum Tax – Net of Federal Benefit | ​ |  | 1,229 | ​ | 0.02 | %
Chang in Valuation Allowance – State | ​ |  | 441,782 | ​ | 8.05 | %
Chang in Valuation Allowance - Federal | ​ |  | 1,752,730 | ​ | 31.92 | %
Net adjustments - Federal | ​ | ​ | 181,158 | ​ | 3.30 | %
–Goodwill intangible DTA recognized as part of acquisition | ​ |  | 1,536,366 | ​ | 27.98 | %
Income tax benefit | ​ | $ | (259,381) | ​ | (4.72) | %
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | June 30, 2024 |  | Rate |
Tax at Statutory rate (21%) |  | $ | (25,376,496) | ​ | 21.00 | %
​ | ​ | ​ | ​ | ​ | ​ | ​
Permanent Differences: |  | ​ | ​ | ​ | ​ | ​
Change in fair value of NRA liability |  | $ | 34,571 | ​ | (0.03) | %
Meals |  | ​ | 1,769 | ​ | 0.00 | %
Entertainment |  | ​ | 161 | ​ | 0.00 | %
Nondeductible transaction costs | ​ | ​ | 1,891,691 | ​ | (1.57) | %
Change in fair value of Long-Term and Short-Term Investor Notes | ​ | ​ | 2,353,692 | ​ | (1.95) | %
Change in fair value of Secured Convertible Note | ​ | ​ | 753,039 | ​ | (0.62) | %
Change in fair value of Earnout Liability | ​ | ​ | 280,350 | ​ | (0.23) | %
Change in fair value of Subscription Agreement | ​ | ​ | 8,147 | ​ | (0.01) | %
Change in fair value of Stock Payable | ​ | ​ | (206,865) | ​ | 0.17 | %
Loss on AtlasClear acquisition | ​ | ​ | 18,142,481 | ​ | (15.01) | %
Stock Compensation Expense | ​ | ​ | 307,157 | ​ | (0.25) | %
Extinguishment of Accrued Liabilities | ​ | ​ | (184,689) | ​ | 0.15 | %
Change in fair value of WDCO Share payable | ​ | ​ | 683,941 | ​ | (0.57) | %
Return To Provision | ​ | ​ | (477,461) | ​ | 0.40 | %
State Tax – Net of Federal Benefit | ​ | ​ | (220,234) | ​ | 0.18 | %
State Minimum Tax – Net of Federal Benefit | ​ | ​ | 2,504 | ​ | 0.00 | %
Chang in Valuation Allowance – State |  | ​ | 499,331 | ​ | (0.41) | %
Chang in Valuation Allowance - Federal |  | ​ | 937,175 | ​ | (0.78) | %
Income tax benefit |  | $ | (569,736) | ​ | 0.47 | %
Schedule of net deferred tax assets (liability) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | June 30, 2025 |  | June 30, 2024
Deferred Tax Assets: |  | ​ |  |  | ​ |
Fixed Assets | ​ | $ | 3,881 | ​ | $ | 261
Business Combination Expenses | ​ |  | 533,602 | ​ |  | 530,560
IRC Sec. 195 Start-Up Costs | ​ |  | 896,917 | ​ |  | 956,768
Allowance for Bad Debt | ​ |  | 102,733 | ​ |  | 3,820
Accrued Contingent Liability | ​ |  | 25,611 | ​ |  | 25,465
Lease Liability (ASC 842) | ​ |  | 46,799 | ​ |  | 84,602
IRC Sec. 1231 Losses | ​ |  | 1,775 | ​ |  | 1,774
Net Operating Loss | ​ |  | 3,612,862 | ​ |  | 1,361,541
Total Deferred Tax Asset | ​ |  | 5,224,180 | ​ |  | 2,964,791
​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred Tax Liabilities: | ​ |  | ​ | ​ |  | ​
Intangible Assets | ​ |  | 3,312,054 | ​ |  | 5,167,729
ROU Lease Asset (ASC 842) | ​ |  | 45,912 | ​ |  | 83,102
State Tax - Current | ​ |  | 526 | ​ |  | 526
State Tax - Deferred | ​ |  | 89,732 | ​ |  | 110,452
Total Deferred Tax Liability | ​ |  | 3,448,224 | ​ |  | 5,361,809
Net Deferred Tax Asset/(Liability) before Valuation allowance | ​ |  | 1,775,956 | ​ |  | (2,397,018)
Valuation Allowance | ​ |  | (5,043,381) | ​ |  | (2,848,868)
Net Deferred Tax Asset/(Liability) | ​ | $ | (3,267,425) | ​ | $ | (5,245,886)

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