Income Taxes

9 Months Ended

Mar. 31, 2020

Income Tax Disclosure [Abstract]

Income Taxes

Note 9 - Income Taxes

The Company had no federal or state income tax (benefit) for the three or nine months ended March 31, 2020 or 2019.

The Company's deferred tax assets and liabilities as of March 31, 2020 and June 30, 2019, are summarized as follows:

		March 31, 2020	June 30, 2019
Federal
	Deferred tax assets	$                    4,362,300	$                    2,980,100
	Less valuation allowance	(4,362,300)	(2,980,100)
	Deferred tax liabilities	-	-
		-	-
State
	Deferred tax assets	1,267,900	866,300
	Less valuation allowance	(1,267,900)	(866,300)
	Deferred tax liabilities		-
		-	-
	Net Deferred Tax Assets	$                                  -	$                                  -

The significant components of deferred tax assets as of March 31, 2020 and June 30, 2019, are as follows:

		March 31, 2020	June 30, 2019
Net operating loss carryforwards		$                    5,614,100	$                    3,826,100
Valuation allowance		(5,630,200)	(3,846,400)
Property and equipment		(16,700)	(7,100)
Inventory allowance		5,400	5,400
Warranty accrual		27,400	22,000
	Net Deferred Tax Assets	$                                  -	$                                  -