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INCOME TAXES (Tables)
12 Months Ended
Jun. 30, 2022
INCOME TAXES  
Schdule of Deferred tax assets

 

 

June 30,

 

 

June 30,

 

 

 

2022

 

 

2021

 

Net operating loss carryforwards

 

$35,331,000

 

 

$32,169,000

 

Research and development  and AMT tax credits

 

 

7,171,000

 

 

 

6,461,000

 

Foreign tax credits

 

 

583,000

 

 

 

583,000

 

Basis differences in fixed assets and other

 

 

2,778,000

 

 

 

2,723,000

 

 

 

 

45,863,000

 

 

 

41,936,000

 

Valuation allowance

 

 

(45,863,000)

 

 

(41,936,000)

Net deferred tax assets

 

$-

 

 

$-