Note 7 - Income Taxes (Tables)

12 Months Ended

Jun. 30, 2018

Notes Tables

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

	For the fiscal year
	ended June 30,
	2018			2017
Current - Federal	$	4		$	30
Current - State and local		170			306
Deferred - Federal and state		430			495
Change in valuation allowance		(278	)		(1,321	)
Income tax (benefit) expense, net	$	326		$	(490	)

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

	For the fiscal year
	ended June 30,
	2018			2017
Statutory federal income tax rate		27.5	%		34.0	%
Deferred tax effects from Tax Act		20.0	%		0.0	%
Statutory state income tax rate		7.0	%		6.0	%
Effective state income tax rate		9.8	%		10.0	%
Change in valuation allowance		(32.9	)%		(79.0	)%
Non-deductible expenses		1.0	%		3.0	%
Effective income tax rate		32.40	%		(26.0	)%

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

	June 30,
	2018			2017
Deferred Tax Assets
Net operating loss	$	8,247		$	13,314
Capital loss carryover		21			31
Valuation adjustment on investment in iBio, Inc.		512			707
Depreciation		(223	)		(269	)
Inventory		105			139
Change in estimated fair value of derivative liability		3			201
Other		143			94
Valuation allowance		(8,137	)		(13,394	)
Total deferred tax asset, net	$	671		$	823