v3.25.2
Income Taxes (Tables)
12 Months Ended
Jun. 30, 2025
Income Taxes [Abstract]  
Schedule of Reconciliation of the Provision for Income Taxes

A reconciliation of the provision for income taxes to income taxes computed by applying the statutory United States federal rate to income before taxes is as follows:

 

   For the Years Ended
June 30,
 
   2025   2024 
Income tax, at applicable federal tax rate  $(760,000)  $(925,000)
           
State income tax   (217,000)   (264,000)
Temporary differences   (500,000)   (141,000)
Permanent differences   
-
    
-
 
Change in valuation allowance   1,477,000    1,330,000 
   $
-
   $
-
 
Schedule of Significant Components of the Company’s Deferred Tax Assets

Significant components of the Company’s deferred tax assets as of June 30, 2025 and 2024 are summarized below.

 

   2025   2024 
Federal tax statutory rate   21.0%   21.0%
State tax statutory rate   6.0%   6.0%
Temporary differences   13.8%   3.2%
Valuation allowance   -40.8%   -30.2%
Effective rate   0.0%   0.0%