Income Taxes (Tables)

12 Months Ended

Jun. 30, 2024

Income Taxes [Abstract]

Components of Income Tax (Benefit) Provision

Years Ended June 30,	2024		2023
Current:
Federal	$	(81,278)	$	230,139
State		7,674		87,238
Deferred		—		—
Total income tax (benefit) provision	$	(73,604)	$	317,377

Effective Income Tax Rate Reconciliation

Years Ended June 30,	2024		2023
Federal income tax (benefit) liability at statutory rate	$	(214,457)	$	1,803,000
State income tax liability, net of federal income tax effect		(41,386)		323,565
Utilization of net operating loss carryforwards		—		(1,720,747)
Increase (decrease) in valuation allowance		270,679		(44,841)
Stock option (deduction)		(243)		(24,218)
All other permanent items		(45,299)		(41,701)
R&D credit		(25,459)		(19,340)
Return-to-provision		(81,738)		(54,414)
Deferred adjustment related to payroll tax withholding on disqualifying disposition of incentive stock options		110,906		—
State tax rate change		(55,248)		83,094
Uncertain tax position		2,593		25,269
Other		6,048		(12,290)
Total income tax (benefit) provision	$	(73,604)	$	317,377

Schedule of Deferred Income Tax Assets and Liabilities

	2024		2023
Deferred income tax assets:
Deferred compensation	$	523,785	$	491,608
Stock-based compensation		76,532		117,607
Accrued expenses and reserves		501,736		571,719
Deferred revenue		102,519		138,665
Federal and state net operating loss carryforwards		8,508,548		8,216,671
IRC Section 174 research and development costs		116,204		63,855
Credit carryforwards		184,406		169,552
Equipment and leasehold improvements		159,648		136,294
Operating lease liability		696,026		744,431
Valuation allowance		(10,176,697)		(9,906,018)
Total deferred income tax assets		692,707		744,384
Deferred income tax liabilities:
Operating right-of-use asset		(692,028)		(742,386)
Other		(679)		(1,998)
Total deferred income tax liabilities		(692,707)		(744,384)
Net deferred income tax assets	$	—	$	—

Schedule of Change in Valuation Allowance

The following are the changes in the valuation allowance:
	Balance,		Decrease (Increase)
	beginning		in valuation		Balance,
Years Ended June 30,	of year		allowance		end of year
2024	$	(9,906,018)	$	(270,679)	$	(10,176,697)
2023	$	(11,671,606)	$	1,765,588	$	(9,906,018)