v3.26.3
Income Taxes (Tables)
12 Months Ended
Jun. 30, 2026
Income Taxes [Abstract]  
Schedule of Company’s Effective Tax Rate

A reconciliation of the statutory U.S. Federal rate to the Company’s effective tax rate is as follows:

 

    June 30, 2026     June 30, 2025  
    Amount     %     Amount     %  
U.S. Federal statutory tax rate   $ (2,739,408 )     21.00 %   $ (2,953,849 )     21.00 %
State and local income tax, net of federal income tax effect                                
Florida     (570,698 )     4.37 %     (653,777 )     4.65 %
Changes in state valuation allowance     570,698       (4.37 )%     653,777       (4.65 )%
Change in valuation allowance     2,758,262       (21.14 )%     3,159,795       (22.46 )%
Nontaxable or nondeductible items                                
Permanent - M&E     2,056       (0.02 )%     1,803       (0.01 )%
Permanent - Fines/penalties     1,326       (0.01 )%     5,947       (0.04 )%
Stock-based compensation     14,705       (0.11 )%     -       0.00 %
Return to provision adjustments     (916 )     0.01 %     1,763       (0.01 )%
Prior period adjustments     (36,025 )     0.28 %     (215,460 )     1.53 %
Provision from income taxes     —       —       —       —  
Schedule of Deferred Tax Assets / (Liabilities)

The tax effect of temporary differences that gave rise to significant portion of the deferred tax assets / (liabilities) were as follows:

 

    June 30, 2026     June 30, 2025  
    Amount     Amount  
Net Operating loss carryforwards - Federal   $ 15,907,201     $ 13,222,565  
Net Operating loss carryforwards - State     3,291,276       2,735,812  
Stock based compensation     3,168,901       3,120,915  
Deferred Revenue     (13,231 )     (34,971 )
Accrued Liabilities     (11,987 )     (30,443 )
Depreciation and Amortization     (6,038 )     810  
Allowance for doubtful accounts     115,749       108,222  
Valuation allowance     (22,451,870 )     (19,122,910 )
Net deferred tax assets   $ —     $ —