Note 13 - Income Taxes (Tables)

12 Months Ended

Jun. 30, 2022

Notes Tables

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

	Year ended June 30,
(dollars in thousands)	2022			2021
	As Restated
United States	$	5,493		$	17,889
Canada		(525	)		19,549
Total	$	4,968		$	37,438

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	Year ended June 30,
				% of						% of
(dollars in thousands)	2022			Pretax			2021			Pretax
		As Restated			As Restated
Tax expense at statutory rate	$	1,042			21.0	%	$	7,862			21.0	%
Tax expense (benefit) from change in foreign unrealized gain/loss		(281	)		(5.7	)%		281			0.7	%
Non-taxable investment income (loss)		294			5.9	%		(3,302	)		(8.8	)%
Change in valuation allowance		-			0.0	%		(2,762	)		(7.4	)%
Income from controlled foreign corporation		307			6.2	%		3,534			9.4	%
Rate difference on foreign deferred income (loss)		(262	)		(5.3	)%		777			2.1	%
Rate difference on foreign income (loss)		(29	)		(0.6	)%		1,075			2.9	%
Foreign tax credit		(153	)		(3.1	)%		(1,825	)		(4.9	)%
Other		231			4.7	%		(163	)		(0.4	)%
Total tax expense	$	1,149			23.1	%	$	5,477			14.6	%

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	Year ended June 30,
(dollars in thousands)	2022			2021
	As Restated
Current tax expense - U.S. Federal	$	3,886		$	2,004
Current tax expense - Non-U.S.		154			2,418
Deferred tax expense (benefit) - U.S. Federal		(2,657	)		576
Deferred tax expense (benefit) - Non-U.S.		(234	)		479
Total tax expense	$	1,149		$	5,477

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	June 30,
(dollars in thousands)	2022			2021
	As Restated
Deferred Income Tax Assets:
Accumulated depreciation	$	102		$	110
Investments in securities at fair value		837			-
Accrued expenses		407			320
Product start-up costs		99			84
Stock-based compensation expense		164			-
Other		16			25
Total Deferred Tax Assets		1,625			539
Deferred Income Tax Liabilities:
Investments in securities at fair value	$	-		$	(2,600	)
Prepaid expenses		(64	)		(60	)
Other investments		(430	)		(389	)
Equity method investments		-			(40	)
Foreign tax on undistributed earnings		(259	)		(249	)
Total Deferred Tax Liabilities		(753	)		(3,338	)
Net Deferred Tax Asset (Liability)	$	872		$	(2,799	)