Note 6 - Income Taxes (Tables)

12 Months Ended

Jun. 30, 2019

Notes Tables

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

Year Ended June 30,	2019			2018*
Current:
Federal	$	(13,277	)	$	414
State		25			25
Deferred		(13,251	)		3,041,405
Total income tax (benefit) provision	$	(26,503	)	$	3,041,844

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

Year Ended June 30,	2019			2018*
Federal income tax liability (benefit) at statutory rate	$	85,599		$	(101,578	)
State income tax liability (benefit), net of federal income tax effect		20			(9,518	)
(Decrease) increase in valuation allowance		(328,541	)		2,266,219
Stock-based compensation		-			91,179
Adjustment to deferred tax assets		189,186			-
Remeasurement of deferred income taxes		-			713,826
Other		27,233			81,716
Total income tax (benefit) provision	$	(26,503	)	$	3,041,844

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

	2019			2018*
Deferred income tax assets:
Deferred compensation	$	642,424		$	635,936
Stock-based compensation		228,981			420,204
Accrued expenses and reserves		705,828			997,924
Federal and state net operating loss carryforwards		697,621			630,344
Equipment and leasehold improvements		122,714			26,568
Valuation allowance		(2,382,087	)		(2,710,628	)
Total deferred income tax assets		15,481			348
Deferred income tax liabilities:
Other		(2,205	)		(348	)
Net deferred income tax assets	$	13,276		$	-

Summary of Valuation Allowance [Table Text Block]

	Balance,			Decrease (Increase)
	beginning			in valuation			Balance,
Year Ended June 30,	of year			allowance			end of year
2019	$	(2,710,628	)	$	328,541		$	(2,382,087	)
2018	$	(444,409	)	$	(2,266,219	)	$	(2,710,628	)