Income Taxes (Tables)

12 Months Ended

Jun. 30, 2021

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

The provision for income taxes for the years ended June 30, 2021 and 2020 consists of the following:


	2021		2020
Current income tax provision
Federal	$	—	$	—
State	—		—
	—		—
Deferred income tax provision
Federal	(51,366)		(8,061)
State	(14,676)		(2,303)
Change in valuation allowance	66,042		10,364
	—		—
Income tax expense (benefit)	$	—	$	—

Income tax expense (benefit) as a percentage of loss for the years ended June 30, 2021 and 2020 differ from statutory federal income tax rate due to the following:


	2021		2020
Statutory federal income tax rate	21.00	%	21.00	%
Permanent differences	0.00	%	0.00	%

Valuation allowance	(21.00)	%	(21.00)	%
Effective income tax rate	0.00	%	0.00	%

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

The components of the net deferred income tax assets and liabilities as of June 30, 2021 and 2020 are as follows:


	2021		2020
Deferred income tax assets:
Net operating loss carryforward	$	7,352,719	$	7,212,393
Executive post retirement costs	—		—
General business credit	—		207,698
Allowance for doubtful accounts	21,100		25,728
Accrued vacation	49,336		43,741
Inventory reserve	69,432		69,432



Accelerated depreciation	65,432		69,196
Warranty reserve	6,736		6,736
Total deferred income tax assets	7,564,755		7,634,924
Valuation allowance	(7,543,251)		(7,609,293)
	21,504		25,631
Deferred income tax liabilities:
Accelerated depreciation	(21,504)		(25,631)
Total deferred income tax liabilities	(21,504)		(25,631)
	$	—	$	—