13. Income Taxes (Tables)

12 Months Ended

Jun. 30, 2021

Income Tax Disclosure [Abstract]

Reconciliation of Income Taxes

The reconciliation of income tax expense computed at the U.S. federal statutory rate to the income tax provision for the years ended June 30, 2021 and 2020 is as follows:

	2021			2020
Current:
Federal	$	–		$	–
State		2,400			–
Foreign		–			–
		2,400			–
Deferred:
Federal		(1,607,556	)		(522,084	)
State		(446,626	)		(145,050	)
		(2,054,182	)		(667,134	)
Valuation allowance		2,054,182			667,134
Total provision for income taxes	$	2,400		$	–

Schedule of deferred taxes

Significant components of deferred tax assets as of June 30, 2021 and 2020 were as follows:

	2021			2020
Depreciation & Amortization	$	1,521		$	450
Reserves and Accruals		250,907			118,071
Net Operating Loss Carryforwards		2,688,360			768,085
Gross Deferred Tax Assets		2,940,788			886,606
Valuation Allowance		(2,940,788	)		(886,606	)
Net Deferred Tax Assets	$	–		$	–

Schedule of reconciliation of the statutory federal income tax

Reconciliation of the statutory federal income tax to the Company's effective tax:

	2021		2020
Tax at Federal Statutory Rate		21.0 %		21.0 %
State, Net of Federal Benefit		(36,423)%		5.9 %
Payroll Tax Interest		(155,721)%		10.5 %
Gain on Expiration of Accrued Tax Liability		10,224 %		(6.6)%
Stock Based Compensation		13,788%		(3.7)%
Change in Tax Rate		(168,111)%		0.0 %
Change in Valuation Allowance		168,522 %		(27.0)%
Provision for Taxes		196.6 %		0.0 %