INCOME TAXES, Deferred Income Tax Assets (Details) - USD ($) |
Jun. 30, 2020 |
Jun. 30, 2019 |
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Deferred Income Tax Assets [Abstract] | ||
Reversals and accruals | $ 476,666 | $ 970,516 |
Prepaid expenses | (39,943) | (38,552) |
Federal NOL carryforwards | 4,980,513 | 4,911,437 |
State NOL carryforwards | 663,918 | 674,522 |
Hong Kong NOL carryforwards | 995,566 | 995,566 |
Federal benefit on state taxes under uncertain tax positions | 1,668 | 1,304 |
Stock-based compensation | 392,924 | 194,524 |
Research tax credit | 252 | 83,315 |
Contributions carryforward | 7,184 | 0 |
Depreciation | (172,010) | (157,310) |
Inventory valuation reserve | 1,594,795 | 0 |
Operating lease liabilities | 185,422 | 0 |
Operating lease right-of-use assets | (131,008) | 0 |
Accrued rent | 0 | 88,923 |
Loss on impairment of long-lived assets | 32,749 | 32,985 |
Valuation allowance | (8,988,696) | (7,757,230) |
Total deferred income tax assets, net | $ 0 | $ 0 |
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from federal benefit on state taxes under uncertain tax positions. No definition available.
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- Definition Amount of deferred tax asset attributable to taxable temporary differences from leasing arrangements. No definition available.
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible charitable contribution carryforwards. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from inventory. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, after allocation of valuation allowances and deferred tax liability, of deferred tax asset attributable to deductible differences and carryforwards, without jurisdictional netting. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible domestic operating loss carryforwards. Excludes state and local operating loss carryforwards. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible foreign operating loss carryforwards. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible state and local operating loss carryforwards. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible research tax credit carryforwards. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from share-based compensation. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from reserves and accruals. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from accrued liabilities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from estimated impairment losses. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of deferred tax liability attributable to taxable temporary differences from leasing arrangements. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of deferred tax consequences attributable to taxable temporary differences derived from prepaid expenses. No definition available.
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- Definition Amount of deferred tax liability attributable to taxable temporary differences from property, plant, and equipment. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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