INCOME TAX (Tables)

12 Months Ended

Jun. 30, 2022

INCOME TAXES

Schedule of sources of deferred tax assets and liability

	June 30,		June 30,
	2022		2021
Deferred tax assets:
Bad Debt Allowance		200		3,600
Deferred Income		900		1,200
Contribution Carryover		500		—
Net operating loss carryforwards		38,900		38,600
		40,500		43,400
Deferred tax liabilities:
Book/Tax Difference on Property and Equipment		(10,000)		(18,000)
		(10,000)		(18,000)
Net deferred tax asset before valuation allowance		30,500		25,400
Valuation allowance:
Beginning balanace		(25,400)		(77,232)
(Increase) Decrease during the period		(5,100)		51,832
Ending balance		(30,500)		(25,400)
Net deferred tax asset	$	—	$	—

Schedule of effective income tax rate reconciliation

	For the Years Ended
	June 30,
	2022		2021
Computed at statutory rate	$	(4,487)	$	76,384
Increase (decrease) resulting from:
Nondeductible Meals & Entertainment		—		9
PPP Loan Forgivenss Income		—		(36,015)
State income taxes - net of federal tax benefit		(675)		6,076
Change in deferred tax asset valuation allowance		5,100		(51,832)
Other		62		5,378
Actual tax provision	$	—	$	—