ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Jun. 30, 2020

Accounting Policies [Abstract]

Schedule of Inventory, Current [Table Text Block]

Inventory is stated at the lower of cost (computed on a first-in, first-out basis) or net realizable value.  The inventory consists primarily of chemicals, finished goods produced in our plant and products purchased for resale.

	June 30,
	2020			2019
Raw materials	$	263,573		$	221,767
Finished goods		618,104			557,977
Inventory reserve		(87,006	)		(61,513	)
Inventory – net (current and long term)	$	794,671		$	718,231

Property, Plant and Equipment [Table Text Block]

Depreciation and amortization, collectively depreciation expense, is computed using the straight-line method over estimated useful lives as follows:

Leasehold improvements	5 years, or over lease term
Equipment	5 to 10 years
Furniture and fixtures	7 years
Software	2 years

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

The estimated amortization expense, based on current intangible balances, for the next five fiscal years beginning July 1, 2020 is as follows:

2021	$	16,927
2022	$	17,763
2023	$	13,896
2024	$	16,337
2025	$	7,464
Thereafter	$	20,518

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

Net deferred tax assets consist of the following components as of June 30, 2020 and 2019:

	2020			2019
Deferred tax assets:
Net operating loss (“NOL”) carryover	$	8,892,000		$	8,946,000
Section 1231 loss carryover		200			19,000
Inventory reserve		18,300			12,900
R & D carryover		207,100			207,100
Related party accruals		4,300			7,400
Deferred revenue		2,600			4,100
Deferred tax liabilities:
Depreciation		29,700			(9,400	)
Valuation allowance		(9,154,200	)		(9,187,100	)
Net deferred tax asset	$	-		$	-

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The income tax provision differs from the amount of income tax determined by applying the U.S. federal income tax rate to pretax income from continuing operations for the years ended June 30, 2020 and 2019 due to the following:

	2020			2019
Book income (loss) tax effected	$	8,900		$	8,600
Depreciation		6,200			6,800
Nondeductible expenses		9,300			8,000
Inventory reserve		5,400			100
Deferred revenue		(1,500	)		(300	)
Related party accruals		(3,000	)		7,400
Loss on asset impairment		3,800			-
Valuation allowance		(29,100	)		(30,600	)
	$	-		$	-

Summary of Operating Loss Carryforwards [Table Text Block]

NOL’s arising in tax years beginning in 2018 or earlier are subject to a 20 year limit. Because Amerityre’s NOL’s were generated from fiscal year end June 30, 2000 to fiscal year end June 30, 2016, there will be some NOL’s expiring each year through fiscal year 2036. The following table shows the amounts that would expire per year it not utilized:

2021	2,655,947
2022	2,523,700
2023	2,568,876
2024	4,921,923
2025	9,912,014
2026	4,478,509
2027	3,954,682
2028	3,434,035
2029	2,893,639
2030	1,161,192
2031	1,027,013
2032	780,467
2033	1,035,050
2034	651,035
2035	237,572
2036	107,053