Discontinued Operations (Tables)

9 Months Ended

Mar. 31, 2022

9 Discontinued Operations

Discontinued operations

Assets:	March 31, 2022		June 30, 2021
Cash	$	600	$	-
Accounts receivable		-		52,000
Inventories		-		3,300
	$	600	$	55,300

Liabilities:	March 31, 2022		June 30, 2021
Accrued expenses and taxes	$	-	$	20,700
Contract liabilities		7,900		16,500
	$	7,900	$	37,200

	Three Months Ended					Nine Months Ended
	March 31,2022			March 31,2021		March 31,2022		March 31,2021
Revenues	$	-		$	107,800	$	20,600	$	387,700
Cost of goods sold		6,900			78,800		10,300		458,500
Gross profit (loss)		(6,900	)		29,000		10,300		(70,800	)
Selling, general and administrative expenses		700			12,600		2,900		282,200
Income (loss) from operations		(7,600	)		16,400		7,400		(353,000	)
Loss on disposal		-			-		-		(405,400	)
Income (loss) before income tax benefit		(7,600	)		16,400		7,400		(758,400	)
Income tax expense (benefit)		-			-		4,000		(179,900	)
Net income (loss) attributable to discontinued operations	$	(7,600	)	$	16,400	$	3,400	$	(578,500	)