v3.26.3
Note 7 - Income Taxes (Tables)
12 Months Ended
Jun. 30, 2026
Notes Tables  
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

 

 

For the fiscal year

  For the fiscal year 
  

ended June 30, 2026

  ended June 30, 2025 
  

Amount

  

Percentage

  Amount  Percentage 

Expected federal (benefit) income tax

 $(538)  21.0% $433   21%

Expected state (benefit) income tax

  (213)  8.3%  (33)  (1.6)%
Changes in valuation allowance  772   (30.1)%  848   41.1%
Expiration of capital loss carry forward  242   (9.5)%  -   0.0%
Non deductible expenses                

Stock compensation

  13   (0.5)%  12   0.6%

Other

  1   (0.0)%  1   0.0%

Other differences

  2   (0.1)%  (7)  (0.3)%

Income tax expense

 $279   (10.9)% $1,254   60.8%
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]
  

For the fiscal year

 
  

ended June 30,

 
  

2026

  

2025

 
         

Current - Federal tax (benefit) expense

 $-  $- 

Current - State tax expense

  21   18 
Deferred - Federal tax expense  (315)  538 

Deferred - State tax (benefit)

  (206)  193 
   (500)  749 
Changes in valuation allowance  779   505 

Income tax expense, net

 $279  $1,254 
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
  

June 30,

 
  

2026

  

2025

 

Deferred Tax Assets

        

Net operating loss

 $5,074  $4,367 

Capital loss carryover

  250   492 
Stock options  212   164 

Inventory

  105   121 
Other  192   192 
Total deferred tax assets  5,833   5,336 
Deferred tax liabilities        

Depreciation

  (199)  (223)
Total gross deferred tax assets, net        

Valuation allowance

  (2,555)  (1,776)

Total deferred tax asset, net

 $3,079  $3,337