Note 7 - Income Taxes (Tables)

12 Months Ended

Jun. 30, 2019

Notes Tables

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

	For the fiscal year
	ended June 30,
	2019			2018
Current - Federal	$	36		$	4
Current - State and local		287			170
Deferred - Federal and state		621			430
Change in valuation allowance		(590	)		(278	)
Income tax expense, net	$	354		$	326

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

	For the fiscal year
	ended June 30,
	2019			2018
Statutory federal income tax rate		21.0	%		27.5	%
Deferred tax effects from Tax Act		0.0	%		20.0	%
Statutory state income tax rate		7.0	%		7.0	%
Effective state income tax rate		7.0	%		9.8	%
Change in valuation allowance		(20.7	)%		(32.9	)%
Other temporary differences		2.0	%		-
Non-deductible expenses		1.0	%		1.0	%
Effective income tax rate		17.3	%		32.4	%

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

	June 30,
	2019			2018
Deferred Tax Assets
Net operating loss	$	7,642		$	8,247
Capital loss carryover		16			21
Valuation adjustment on investment in iBio, Inc.		512			512
Depreciation		(225	)		(223	)
Inventory		104			105
Other		31			42
Valuation allowance		(7,546	)		(8,137	)
Total deferred tax asset, net	$	534		$	567