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Income Taxes (Tables)
9 Months Ended
Mar. 31, 2022
Income Tax Disclosure [Abstract]  
Schedule of effective tax rate differed from federal statutory income tax rate

Federal statutory rate

 

21%

State tax, net of federal tax effect

 

5.04%

Valuation allowance

 

-26%

Effective tax rate

 

0%

Schedule of deferred tax assets and liabilities

 

 

March 31, 2022

 

June 30, 2021

 

 

 

 

 

Federal

 

 

 

 

Deferred tax assets

 $           7,425,300

 

 $     10,226,700

 

Less valuation allowance

(7,425,300)

 

 (10,226,700)

 

Deferred tax liabilities

  -

 

  -

 

 

  -

 

-

State

 

 

 

 

 

Deferred tax assets

 1,876,400

 

  2,730,800

 

Less valuation allowance

  (1,876,400)

 

  (2,730,800)

 

Deferred tax liabilities

       -

 

-

 

 

   -

 

 -

 

Net Deferred Tax Assets

 $                          -

 

 $                    -

 

Schedule of significant components of deferred tax assets

 

March 31, 2022

 

June 30, 2021

Net operating loss carryforwards

 $              9,120,300

 

 $                      12,579,200

Valuation allowance

                (9,301,700)

 

                        (12,957,500)

Goodwill

16,200

 

                           (20,400)

Property and equipment

                    (30,300)

 

                            251,600

Development costs

112,800

 

27,900

Intangible assets

36,900

 

                             72,900

Inventory allowance

                     17,600

 

                             17,800

Warranty accrual and other

28,200

 

28,500

 

 

 

 

    Net Deferred Tax Assets

 $                           -

 

 $                                   -