Income Taxes (Tables)

12 Months Ended

Jun. 30, 2018

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The provision for income taxes for the years ended June 30, 2018 and 2017 consists of the following:

	2018			2017
Current income tax (benefit) provision
Federal	$	—		$	—
State	—			—
	—			—
Deferred income tax provision
Federal	(3,498,532		)	125,468
State	(999,581		)	22,142
Change in valuation allowance	4,498,113			(147,610		)
	—			—
Income tax (benefit)	$	—		$	—

Schedule of Effective Income Tax Rate Reconciliation

Income taxes (benefit) as a percentage of income (loss) for the years ended June 30, 2018 and 2017 differ from statutory federal income tax rate due to the following:

	2018		2017
Statutory federal income tax rate	34.00	%	34.00	%
Increase in deductible timing differences	(0.51	)%	11.00	%
Tax Act-revaluation of net deferred tax assets	(33.49	)%	0.00	%
Net operating loss carryforward	0.00	%	(45.00	)%
Effective income tax rate	0.00	%	0.00	%

Schedule of Deferred Tax Assets and Liabilities

The components of the net deferred income tax assets and liabilities as of June 30, 2018 and 2017 are as follows:

	2018			2017
Deferred income tax assets:
Net operating loss carryforward	$	7,042,134		$	11,323,998
Executive post retirement costs	178,788			306,421
General business credit	207,698			207,698
Allowance for doubtful accounts	24,975			58,521
Accrued vacation	46,527			89,477
Inventory reserve	96,813			117,985
Accelerated depreciation	119,980			38,492
Warranty reserve	6,736			10,907
Total deferred income tax assets	7,723,651			12,153,499
Valuation allowance	(7,562,716		)	(12,060,831		)
	160,935			92,668
Deferred income tax liabilities:
Accelerated depreciation	(160,935		)	(92,668		)
Total deferred income tax liabilities	(160,935		)	(92,668		)
	$	—		$	—