XML 81 R68.htm IDEA: XBRL DOCUMENT v3.20.2
NOTE 11 - INCOME TAXES - (Details Narrative) - USD ($)
12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Note 11 - Income Taxes -    
Total Deferred tax assets $ 18,809,757 $ 20,937,747
Deferred Tax Liability 234,106  
Net Operating Loss (NOL) Carryforwards Available to Offset Future Taxable Income 54,883,000  
Change in valuation allowance $ 195,000 $ 2,350,000
Reimbursement of alternative minimum tax credits description Company is allowing a full reimbursement of $1,342,370 of tax credits relating to the alternative minimum tax credits. The Company received the first half payment in June 2020. The balance of alternative minimum tax credits of $671,185 was received in July 2020. Previously, these credits were to be refunded over a 3 year period.  
Research and Development Tax Credit Carryforwards $ 4,440,000  
Valuation reserve for anticipated unused tax credit caryforwards 4,437,000  
NY State Tax Credit Carryforwards $ 208,000