Note 11 - Income Taxes (Tables)

12 Months Ended

Jun. 30, 2021

Notes Tables

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

	Year Ended June 30,
	2021			2020
Income tax benefit at statutory tax rate	$	5,285,909		$	(1,940,409	)
State tax benefit		2,829,625			(616,995	)
Return to provision		(161,474	)		—
Permanent differences		472			(6,811	)
Transaction costs		73,182
Stock based compensation		77,910			(202,421	)
Restricted stock shortfall		162,750			—
Other valuation allowance		(6,966,500	)		2,361,794
Income tax provision/(benefit)	$	1,301,874		$	—

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

	Year Ended June 30,
	2021		2020
Current:
Federal	$	915,234	$	—
State		386,640		—
Total current income tax expense	$	1,301,874	$	—
Deferred:
Federal	$	—	$	—
State		—		—
Total deferred income tax expense	$	—	$	—

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

	Year Ended June 30,
	2021			2020
Deferred tax asset:
Investment in the Joint Venture Company	$	6,016,386		$	7,143,550
State deferred tax assets		1,846,393			4,370,574
Stock option expenses		1,900,850			1,161,254
Net operating losses		—			4,054,750
Valuation allowance		(9,763,629	)		(16,730,128	)
Net deferred tax assets	$	—		$	—