Note D - Income Taxes and Available Carryforward (Tables)

6 Months Ended

Dec. 31, 2021

Notes Tables

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

	Six Months 12/31/2021			Six Months 12/31/2020
Current
Federal	$	0		$	0
State		0			0
	$	0		$	0
Deferred
Federal	$	(31,587	)	$	(22,605	)
State		(6,535	)		(4,676	)
	$	(38,122	)	$	(27,281	)
Total Income Tax Benefit / (Expense)	$	(38,122	)	$	(27,281	)

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

	Non-Current
Deferred tax assets
NOL and contribution carryforwards	$	149,147
Share based payments		4,988
Lease liabilities - operating leases		185,468
Accrued compensated absences		5,807
Accrued bonus		4,158
Allowance for doubtful accounts		2,384
Total deferred tax assets		351,952
Deferred tax (liabilities)
Right-of-use-assets - operating leases		(201,460	)
Excess of tax over book depreciation		(36,224	)
Total deferred tax (liabilities)		(237,684	)
Total deferred tax asset		114,268
Valuation Allowance		(31,960	)
Net Deferred Tax Asset	$	82,308
The change in the valuation allowance is as follows:
June 30, 2021	$	-
December 31, 2021	$	(31,960	)
	$	(31,960	)

Comprehensive Income (Loss) [Table Text Block]

	Six Months Decemember 31, 2021			Six Months December 31, 2020
Expected (provision) at US statutory rate	$	(2,739	)	$	(67,345	)
State income tax net of federal (provision)		(567	)		(13,934	)
Nondeductible Expense		(1,854	)		(2,303	)
Change in estimates of loss carryforward		(1,002	)		(337	)
Change in valuation allowance		(31,960	)	$	56,638
Income Tax (Expense)	$	(38,122	)	$	(27,281	)