17. Income Taxes (Tables)

12 Months Ended

Jun. 30, 2022

17. Income Taxes

Income tax reconciliation

	As of June 30,
	2022			2021
Computed “expected” income tax benefit	$	(1,470,400	)	$	(1,014,300	)
Research and development credits		(99,200	)		(93,900	)
Incentive Stock Option Expense		64,300			59,500
PPP Loan Foregivness		(91,100	)		(111,700	)
Other, net		247,500			(7,900	)
Income tax benefit	$	(1,348,900	)	$	(1,152,500	)

Deferred tax assets and liabilities

	As of June 30,
	2022			2021
Deferred tax assets:
Amortization of intangible assets, including goodwill	$	326,600		$	374,000
Research and development credits		367,400			164,600
Various accruals		50,400			64,600
Stock options expense		763,600			383,200
Net operating loss		1,197,400			715,500
Deferred tax asset acquired		800,300			800,300
Other		297,900			24,900
		3,803,600			2,527,100
Deferred tax liability:
Depreciation of property and amortization of goodwill		(60,000	)		(37,200	)
Net deferred tax assets	$	3,743,600		$	2,489,900