INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2025

INCOME TAXES

Schedule of sources of deferred tax assets and liability

	June 30,		June 30,
	2025		2024
Deferred tax assets:
Allowance for Credit Losses		458		500
Deferred Income		—		235
Contribution Carryover		3,126		2,329
Net operating loss carryforwards		61,571		47,014
		65,155		50,078
Deferred tax liabilities:
Book/Tax Difference on Property and Equipment		(23,332)		(28,839)
		(23,332)		(28,839)
Net deferred tax asset before valuation allowance		41,823		21,239
Valuation allowance:
Beginning balance		—		—
Decrease/(Increase) during the period		(41,823)		—
Ending balance		(41,823)		—
Net deferred tax asset	$	—	$	21,239

Schedule of effective income tax rate reconciliation

	For the Years Ended
	June 30,
	2025		2024
Computed at statutory rate	$	(17,913)	$	(23,462)
Increase (decrease) resulting from:
State income taxes - net of federal tax benefit		(2,692)		(2,588)
Change in valuation allowance		41,823		—
Other		21		6,403
Actual tax (provision) benefit	$	21,239	$	(19,647)