Note 13 - Income Taxes (Tables)

12 Months Ended

Jun. 30, 2020

Notes Tables

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

	Years Ended June 30,
	2020		2019
U.S.	$	1,981,773	$	414,961
Foreign		354,590		193,902
Income before income taxes	$	2,336,363	$	608,863

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	Years Ended June 30,
	2020		2019
U.S. operations	$	425,639	$	183,025
Foreign operations		137,323		163,989
Total	$	562,962	$	347,014

For the year ended:	June 30, 2020			June 30, 2019
Current:
Federal	$	274,229		$	149,239
States		64,861			36,183
Foreign		179,709			188,009
Total current		518,799			373,431
Deferred:
Federal		94,273			(10,572	)
States		(7,723	)		8,175
Foreign		(42,387	)		(24,020	)
Total deferred		44,163			(26,417	)
Total	$	562,962		$	347,014

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

For the year ended:	June 30, 2020			June 30, 2019
Deferred tax assets:
Property and equipment and intangible assets - U.S.	$	529,694		$	619,483
Net operating loss		-			3,299
Capital loss carryover		-			167
Accruals, reserves and other - foreign		16,136			5,674
Accruals, reserves and other - U.S.		229,568			233,646
Leasing asset		125,480			-
Gross deferred tax assets		900,878			862,269
Less valuation allowance		-			(2,573	)
Total deferred tax assets	$	900,878		$	859,696
Deferred tax liabilities:
Intangible assets - foreign	$	(144,653	)		(176,578	)
Leasing liabilities		(117,270	)		-
Total deferred tax liabilities	$	(261,923	)	$	(176,578	)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

For the year ended:	June 30, 2020			June 30, 2019
Federal tax expense (benefit) at statutory rate	$	490,638		$	127,861
State income taxes		43,517			36,760
Permanent differences		26,724			112,814
Foreign tax credit		(58,203	)		(43,930	)
Change in valuation allowance		(2,573	)		(9,761	)
Foreign rate differential		62,859			123,270
Total tax expense	$	562,962		$	347,014

For the year ended:	June 30, 2020			June 30, 2019
Federal tax expense (benefit) at statutory rate		21.00	%		21.00	%
State income taxes		1.86	%		6.04	%
Permanent differences		1.15	%		18.52	%
Foreign rate differential		2.69	%		20.25	%
Foreign tax credit		(2.49	)%		(7.22	)%
Change in valuation allowance		(0.11	)%		(1.60	)%
Total tax expense		24.10	%		56.99	%

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

Balance at June 30, 2019	$	277,140
Additions based on tax positions taken during a prior period		12,597
Reductions based on tax positions taken during a prior period		-
Additions based on tax positions taken during the current period		-
Reductions based on tax positions taken during the current period		-
Reductions related to settlement of tax matters		-
Reductions related to a lapse of applicable statute of limitations		-
Balance at June 30, 2020	$	289,737