XML 26 R17.htm IDEA: XBRL DOCUMENT v3.21.1
INCOME TAXES (Tables)
12 Months Ended
Jun. 30, 2019
Income Tax Disclosure [Abstract]  
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
The Company’s effective income tax rate differs from the amount computed by applying the federal statutory income tax rate to loss before income taxes for the years ended June 30, 2019 and 2018 as follows:


   

Year Ended June 30,

 
   

2019

   

2018

 
                 

Income tax benefit at federal statutory rate

    21

%

    34

%

State tax, net of fed effect

    7

%

    6

%

Change in valuation allowance

    -28

%

    -40

%

      -

%

    -

%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
The components of deferred taxes consist of the following at June 30, 2019 and 2018:


   

June 30, 2019

   

June 30, 2018

 
                 

Net operating loss carryforwards

  $ 905,723     $ 1,267,873  

Less: valuation allowance

    (905,723

)

    (1,267,873

)

Net deferred tax assets

  $ -     $ -