Note 10 - Income Taxes (Tables)

12 Months Ended

Jun. 30, 2018

Notes Tables

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

	2018			2017
Expected income tax benefit at statutory rate	$	(1,025,000	)	$	(836,000	)
State taxes, net of federal benefit		(110,000	)		(75,000	)
Deferred compensation		790,000			-
Permanent differences and other		3,000			3,000
Expiration of net operating allowances		1,201,000			-
Tax Cut and Jobs Act		(275,000	)		-
Change in valuation allowance		(584,000	)		908,000
Income tax benefit	$	-		$	-

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

	2018			2017
NOL Carryforwards (Federal and State)	$	12,394,000		$	20,087,000
Stock-based compensation		4,244,000			5,589,000
Impairment		1,340,000			2,014,000
Deferred compensation		875,000			2,017,000
Gross deferred tax assets		18,853,000			29,707,000
Valuation allowance		(18,853,000	)		(29,707,000	)
Net deferred tax assets	$	-		$	-