INCOME TAXES

6 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

NOTE 7 – INCOME TAXES

As of December 31, 2019, the Company had federal and California income tax net operating loss carryforwards of approximately $3.2 million. These net operating losses (“NOL”) will begin to expire 20 years from the date the tax returns are filed or indefinitely for NOL incurred for tax years beginning in 2018.

Uncertain Tax Positions

Interest associated with unrecognized tax benefits are classified as income tax, and penalties are classified in selling, general and administrative expenses in the statements of operations. For the six months ended December 31, 2019 and 2018, the Company had no unrecognized tax benefits and related interest and penalties expenses. Currently, the Company is not subject to examination by major tax jurisdictions.