Income Taxes (Table)

12 Months Ended

Jun. 30, 2022

Income Taxes [Abstract]

Components of Income Tax (Benefit) Provision

Year Ended June 30,	2022		2021
Current:
Federal	$	—	$	—
State		7,517		4,125
Deferred		—		—
Total income tax provision	$	7,517	$	4,125

Effective Income Tax Rate Reconciliation

Year Ended June 30,	2022		2021
Federal income tax liability at statutory rate	$	267,945	$	104,522
State income tax liability, net of federal income tax effect		5,938		3,259
Increase in valuation allowance		1,486,001		7,741,570
Stock option (deduction)		(1,966,822)		(8,326,662)
Non-deductible officers' compensation		127,612		657,464
All other permanent items		(50,573)		(172,863)
R&D credit		(34,936)		(30,000)
Return-to-provision		(38,863)		(3,303)
Expiration of stock options and tax credits		7,573		40,572
State tax rate change		157,716		(30,887)
Other		45,926		20,453
Total income tax provision	$	7,517	$	4,125

Schedule of Deferred Income Tax Assets and Liabilities

	2022		2021
Deferred income tax assets:
Deferred compensation	$	479,340	$	664,705
Stock-based compensation		107,499		116,582
Accrued expenses and reserves		551,562		543,940
Deferred revenue		176,447		222,341
Federal and state net operating loss carryforwards		9,942,511		8,333,391
Credit carryforwards		292,155		252,192
Equipment and leasehold improvements		122,764		57,639
Lease liability		803,603		580,053
Valuation allowance		(11,671,606)		(10,185,605)
Total deferred income tax assets		804,275		585,238
Deferred income tax liabilities:
ROU asset		(803,603)		(580,053)
Other		(672)		(5,185)
Net deferred income tax assets	$	-	$	-

Schedule of Change in Valuation Allowance

	Balance,		Decrease (Increase)
	beginning		in valuation		Balance,
Year Ended June 30,	of year		allowance		end of year
2022	$	(10,185,605)	$	(1,486,001)	$	(11,671,606)
2021	$	(2,444,035)	$	(7,741,570)	$	(10,185,605)