Note K - Income Taxes and Available Carryforward (Tables)

12 Months Ended

Jun. 30, 2021

Notes Tables

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

	Year ended June 30, 2021			Year ended June 30, 2020
Current
Federal	$	-		$	-
State		-			-
		-			-
Deferred
Federal	$	(53,281	)	$	(40,109	)
State		(11,025	)		(8,298	)
	$	(64,306	)	$	(48,407	)

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

	Non-Current
Deferred tax assets:
NOL and contribution carryforwards	$	112,934
Share based payments		4,988
Lease Liabilities - operating leases		204,758
Accrued compensated absences		7,578
Accrued bonus		14,041
Allowance for doubtful accounts		2,384
		346,683
Deferred tax (liabilities):
Right of use assets - operating leases		(223,630	)
Excess of tax over book depreciation		(27,485	)
Total deferred tax (liabilities)		(251,115	)
Net deferred tax asset (liability)		95,568
Valuation Allowance		-
Net deferred tax asset	$	95,568
The change in the valuation allowance is as follows:
June 30, 2021	$	-
June 30, 2020		(144,619	)
	$	144,619

Comprehensive Income (Loss) [Table Text Block]

	2021			2020
Expected benefit (provision) at US statutory rate	$	(174,963	)	$	(33,613	)
State income tax net of federal benefit (provision)		(36,201	)		(6,955	)
Nondeductible expense		(3,450	)		(6,412	)
Non Taxable Income		51,494			-
Change in estimates of losses carryforward		(45,805	)		(29,328	)
Change in valuation allowance		144,619			26,761
Other		-			1,140
Income tax benefit (expense)	$	(64,306	)	$	(48,407	)