INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2023

Income Tax Disclosure [Abstract]

Schedule of components of the provision for income taxes

	Years Ended June 30,
Current:	2023		2022
Federal	$	—	$	—
State		652,522		2,440,594
Subtotal		652,522		2,440,594
Deferred:
Federal deferred taxes		2,770,980		2,935,921
State deferred taxes		208,569		157,972
Subtotal		2,979,549		3,093,893
Provision (Benefit) for Income Taxes - Net	$	3,632,071	$	5,534,487

Schedule of reconciliation of federal statutory income tax rate to company’s effective tax rate

Reconciliation Of Federal Statutory Income Tax Rate To Company’s Effective Tax Rate
	Years Ended June 30,
	2023			2022
Taxes at federal statutory rate		21.0	%		21.0	%
State and local income taxes (benefit), net of federal benefit		5.1	%		4.2	%
Noncontrolling interest		(4.6	)%		(5.5	)%
Expiration of tax credits		2.8	%		2.0	%
Return to provision adjustments		(2.3	)%		0.7	%
New York state audit settlement		—			4.5	%
Change in the valuation allowance		(0.5	)%		(2.0	)%
Other		1.5	%		(0.6	)%
Effective income tax rate		23.0	%		24.3	%

Schedule of components of company’s deferred tax assets and liabilities

Components Of Company’s Deferred Tax Assets and Liabilities
	June 30,
	2023			2022
Deferred tax assets:
Allowance for doubtful accounts	$	3,360,809		$	4,239,903
Non-deductible accruals		707,400			707,400
Net operating carryforwards		2,768,844			4,820,010
Tax credits		2,981,214			3,346,509
Capitalized research and development		369,675			—
Right of use assets and lease liabilities		112,938			—
Inventories		105,310			98,945
Property and equipment and depreciation		—			71,576
Deferred Tax Assets - gross		10,406,190			13,284,343
Valuation allowance		(364,230	)		(441,865	)
Total deferred tax assets		10,041,960			12,842,478
Property and equipment and depreciation		(151,007	)		—
Intangibles		(243,751	)		(215,726	)
Total deferred tax liabilities		(394,758	)		(215,726	)
Net deferred tax asset	$	9,647,203		$	12,626,752