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INCOME TAXES (Tables)
12 Months Ended
Jun. 30, 2024
Income Tax Disclosure [Abstract]  
Schedule of components of the provision for income taxes
      
   Years Ended June 30,
Current:  2024  2023
Federal  $429,873   $ 
State   1,943,588    652,521 
Subtotal   2,373,461    652,521 
Deferred:          
Federal deferred taxes   2,585,515    2,770,980 
State deferred taxes   209,992    208,570 
Subtotal   2,795,507    2,979,550 
Provision (Benefit) for Income Taxes - Net  $5,168,968   $3,632,071 
Schedule of reconciliation of federal statutory income tax rate to company’s effective tax rate
      
   Years Ended June 30,
   2024  2023
Taxes at federal statutory rate   21.0%   21.0%
State and local income taxes (benefit), net of federal benefit   7.1%   5.1%
Non-controlling interest   (5.3)%   (4.6)%
Expiration of tax credits   2.2%   2.8%
Return to provision adjustments   %   (2.3)%
Change in the valuation allowance   (0.2)%   (0.5)%
Other   2.0%   1.5%
Effective income tax rate   26.8%   23.0%
Schedule of company’s deferred tax assets and liabilities
          
   June 30,
   2024  2023
Deferred tax assets:          
Allowance for credit losses  $3,969,819   $3,360,809 
Non-deductible accruals   758,700    707,400 
Net operating carryforwards   396,092    2,768,844 
Tax credits   1,323,018    2,981,214 
Capitalized research and development   747,407    369,675 
Right of use assets and lease liabilities   114,116    112,938 
Inventories   106,879    105,310 
Deferred Tax Assets - gross   7,416,031    10,406,190 
Valuation allowance   (192,776)   (364,230)
Total deferred tax assets   7,223,255    10,041,960 
Property and equipment and depreciation   (267,124)   (151,007)
Intangibles   (104,436)   (243,751)
Total deferred tax liabilities   (371,560)   (394,758)
Net deferred tax asset  $6,851,695   $9,647,202