Note 7 - Income Taxes (Tables)

12 Months Ended

Jun. 30, 2020

Notes Tables

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

	For the fiscal year
	ended June 30,
	2020			2019
Current - Federal	$	(40	)	$	36
Current - State and local		369			287
Deferred - Federal and state		549			621
Change in valuation allowance		(1,898	)		(590	)
Income tax (benefit) expense, net	$	(1,020	)	$	354

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

	For the fiscal year
	ended June 30,
	2020			2019
Statutory federal income tax rate		21.0	%		21.0	%
Statutory state income tax rate		9.5	%		7.0	%
Effective state income tax rate		2.5	%		7.0	%
Change in valuation allowance		(69.0	)%		(20.7	)%
Other temporary differences		2.9	%		2.0	%
Non-deductible expenses		0.1	%		1.0	%
Effective income tax rate		(33.0	)%		17.3	%

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

	June 30,
	2020			2019
Deferred Tax Assets
Net operating loss	$	7,047		$	7,642
Capital loss carryover		258			16
Valuation adjustment on investment in iBio, Inc.		254			512
Depreciation		(204	)		(225	)
Inventory		142			104
Other		34			31
Valuation allowance		(5,648	)		(7,546	)
Total deferred tax asset, net	$	1,883		$	534