Note D - Income Taxes and Available Carryforward (Tables)

6 Months Ended

Dec. 31, 2019

Notes Tables

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

	Six Months 12/31/2019			Six Months 12/31/2018
Current
Federal	$	0		$	0
State		0			0
	$	0		$	0
Deferred
Federal	$	(29,764	)	$	(25,260	)
State		(6,158	)		(5,226	)
	$	(35,922	)	$	(30,486	)
Total Income Tax (Expense)	$	(35,922	)	$	(30,486	)

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

	Non-Current
Deferred tax assets
NOL and contribution carryforwards	$	342,799
Accrued compensated absences		5,787
Accrued bonus		-
Allowance for doubtful accounts		1,703
Total deferred tax assets		350,289
Deferred tax (liabilities)
Excess of tax over book depreciation		(6,549	)
Total deferred tax (liabilities)		(6,549	)
Total deferred tax asset		343,740
Valuation Allowance		(171,381	)
Net Deferred Tax Asset	$	172,359
The change in the valuation allowance is as follows:
June 30, 2019	$	(171,381	)
December 31, 2019	$	(171,381	)
	$	-

Comprehensive Income (Loss) [Table Text Block]

	Six Months			Six Months
	December 31, 2019			December 31, 2018
Expected (provision) at US statutory rate	$	(24,879	)	$	(10,436	)
State income tax net of federal (provision)		(5,148	)		(2,159	)
Nondeductible Expense		(3,329	)		(3,833	)
Change in estimates of loss carryforward		(2,567	)		(563	)
Change in valuation allowance		-		$	(10,481	)
Other		-		$	(3,014	)
Income Tax (Expense)	$	(35,922	)	$	(30,486	)