Income Taxes (Tables)

12 Months Ended

Jun. 30, 2023

Income Taxes [Abstract]

Components of Income Tax (Benefit) Provision

Year Ended June 30,	2023		2022
Current:
Federal	$	230,139	$	—
State		87,238		7,517
Deferred		—		—
Total income tax provision	$	317,377	$	7,517

Effective Income Tax Rate Reconciliation

Year Ended June 30,	2023		2022
Federal income tax liability at statutory rate	$	1,803,000	$	267,945
State income tax liability, net of federal income tax effect		323,565		47,765
Utilization of net operating loss carryforwards		(1,720,747)		—
(Decrease) increase in valuation allowance		(44,841)		1,486,001
Stock option (deduction)		(24,218)		(1,966,822)
Non-deductible officers' compensation		—		127,612
All other permanent items		(41,701)		(50,573)
R&D credit		(19,340)		(34,936)
Return-to-provision		(54,414)		(38,863)
Expiration of stock options and tax credits		—		7,573
State tax rate change		83,094		157,716
Uncertain tax position		25,269		—
Other		(12,290)		4,099
Total income tax provision	$	317,377	$	7,517

Schedule of Deferred Income Tax Assets and Liabilities

	2023		2022
Deferred income tax assets:
Deferred compensation	$	491,608	$	479,340
Stock-based compensation		117,607		107,499
Accrued expenses and reserves		571,719		551,562
Deferred revenue		138,665		176,447
Federal and state net operating loss carryforwards		8,216,671		9,942,511
IRC Section 174 research and development costs		63,855		—
Credit carryforwards		169,552		292,155
Equipment and leasehold improvements		136,294		122,764
Lease liability		744,431		803,603
Valuation allowance		(9,906,018)		(11,671,606)
Total deferred income tax assets		744,384		804,275
Equipment and leasehold improvements		—		—
ROU asset		(742,386)		(803,603)
Other		(1,998)		(672)
Net deferred income tax assets	$	-	$	-

Schedule of Change in Valuation Allowance

	Balance,		Decrease (Increase)
	beginning		in valuation		Balance,
Year Ended June 30,	of year		allowance		end of year
2023	$	(11,671,606)	$	1,765,588	$	(9,906,018)
2022	$	(10,185,605)	$	(1,486,001)	$	(11,671,606)