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Note 7 - Income Taxes (Tables)
12 Months Ended
Jun. 30, 2024
Notes Tables  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]
  

For the fiscal year

 
  

ended June 30,

 
  

2024

  

2023

 
         

Current - Federal tax expense

 $-  $- 

Current - State tax expense

  31   61 
Deferred - Federal tax expense  124   55 

Deferred - State tax expense

  1   18 

Income tax expense, net

 $156  $134 
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
  

For the fiscal year

 
  

ended June 30,

 
  

2024

  

2023

 

Statutory federal income tax rate

  21.0%  21.0%

State income tax rate

  25.6%  74.6%
Stock compensation  21.1%  166.0%

Change in valuation allowance

  (61.6)%  (188.0)%
Write-off of valuation allowance  62.1%  18.0%
Federal and state true-up  (10.4)%  11.4%

Loss on sale of iBio Stock

  -   18.4%

Non-deductible expenses

  0.6%  12.6%

Effective income tax rate

  58.4%  134.0%
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
  

June 30,

 
  

2024

  

2023

 

Deferred Tax Assets

        

Net operating loss

 $5,032  $5,105 

Capital loss carryover

  678   678 

Depreciation

  (149)  (139)

Inventory

  161   180 

Other

  150   337 

Valuation allowance

  (1,271)  (1,435)

Total deferred tax asset, net

 $4,601  $4,726