Note D - Income Taxes and Available Carryforward (Tables)

9 Months Ended

Mar. 31, 2019

Notes Tables

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

	Nine Months			Nine Months
	3/31/2019			3/31/2018
Current
Federal	$	0		$	0
State		0			0
	$	0		$	0
Deferred
Federal	$	(44,117	)	$	(376,305	)
State		(9,128	)		(53,069	)
	$	(53,245	)	$	(429,374	)
Total Income Tax (Expense)	$	(53,245	)	$	(429,374	)

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

	Non-Current
Deferred tax assets
NOL and contribution carryforwards	$	367,626
Accrued compensated absences		8,593
Accrued bonus		-
Allowance for doubtful accounts		1,703
Total deferred tax assets		377,922
Deferred tax (liabilities)
Excess of tax over book depreciation		(6,449	)
Total deferred tax (liabilities)		(6,449	)
Total deferred tax asset		371,473
Valuation Allowance		(144,348	)
Net Deferred Tax Asset	$	227,125
The change in the valuation allowance is as follows:
June 30, 2018	$	(133,867	)
March 31, 2019	$	(144,348	)
	$	(10,481	)

Comprehensive Income (Loss) [Table Text Block]

	Nine Months			Nine Months
	March 31, 2019			March 31, 2018
Expected (provision) at US statutory rate	$	(28,870	)	$	(33,604	)
State income tax net of federal (provision)		(5,973	)		(4,740	)
Nondeductible Expense		(4,344	)		(3,881	)
Change in estimates of losses carryforward		(563	)		-
Change in valuation allowance		(10,481	)		(108,150	)
Effect or remeasurement due to tax reform		-			(278,999	)
Other		(3,014	)		-
Income Tax (Expense)	$	(53,245	)	$	(429,374	)