v3.25.2
INCOME TAXES (Tables)
12 Months Ended
Jun. 30, 2025
Income Tax Disclosure [Abstract]  
SCHEDULE OF CONSOLIDATED PRE-TAX INCOME (LOSS)

Consolidated pre-tax income (loss) consists of the following:

 

       
   Years Ended June 30, 
   2025   2024 
US operations  $1,099,957   $(1,719,058)
Foreign operations   4,947,300    4,942,505 
Net income before income taxes  $6,047,257   $3,223,447 
SCHEDULE OF COMPONENTS OF PROVISION FOR INCOME TAXES

The components of the provision for income taxes are as follows:

 

       
   Years Ended June 30, 
   2025   2024 
Current:        
Federal  $-   $- 
State and Local   1,600    1,600 
Foreign   1,411,601    1,143,918 
           
Deferred:          
Federal   -    - 
State and Local   -    - 
Foreign   63,137    - 
Provision for income taxes  $1,476,338   $1,145,518 
SCHEDULE OF RECONCILIATION OF TAXES AT STATUTORY FEDERAL INCOME TAX RATE INCOME TAX EXPENSE BENEFITS

A reconciliation of taxes computed at the statutory federal income tax rate to income tax expense (benefit) is as follows:

 

   Years Ended June 30,     
   2025       2024     
Income tax (benefit) provision at statutory rate  $1,269,924    21.0%  $676,924    21.0%
State income (benefit) taxes, net of federal tax benefit   422,099    7.0%   224,997    7.0%
Foreign earnings taxed at different rates   90,483    1.5%   (238,995)   -7.4%
Change in valuation allowance for deferred tax assets   (179,699)   -3.0%   351,633    10.9%
Other   (126,469)   -2.1%   130,959    4.1%
Provision for income taxes  $1,476,338    24.4%  $1,145,518    35.5%
SCHEDULE OF DEFERRED INCOME TAX ASSETS AND LIABILITIES

Deferred income tax assets and liabilities as of June 30, 2025 and 2024 consist of tax effects of temporary differences related to the following:

 

       
   Years Ended June 30, 
   2025   2024 
Net operating loss carry forwards  $10,963,495   $11,190,703 
Other   200,323    152,814 
Net deferred tax assets   11,163,818    11,343,517 
Valuation allowance for deferred tax assets   (11,163,818)   (11,343,517)
Net deferred tax assets  $-   $-