v3.26.3
Note 7 - Income Taxes (Tables)
12 Months Ended
Jun. 30, 2026
Notes Tables  
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

$ in Thousands

 

Deferred Tax Assets (Liabilities)

 
  

For the Year Ended June 30,

 
  

2026

  

2025

 

Deferred Tax Assets

        

Inventory reserve

 $422  $395 

Accumulated depreciation

  —   (3)

Accumulated goodwill amortization

  52   57 

Accumulated intangible amortization

  116   121 

Lease liabilities

  257   321 

Warranty reserve

  9   10 

Stock compensation

  68   68 

Net operating loss carryforward

  990   997 

Tax credits

  160   86 

Allowance for credit losses

  83   66 
   2,157   2,118 

Deferred Tax Liability

        

Right-of-use assets

  (239)  (304)

Valuation allowance

  (1,918)  (1,814)

Total

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

$ in Thousands

 

For the Year Ended

 
  

June 30, 2026

 
  

Amount

  

Percent of Pretax income

 

Net loss before tax

 $(297)    

Tax Benefit at statutory rate

  (62)  21%

Differences due to:

        

State taxes

  —   — 

Federal R&D Credits

  (37)  12%

Other, permanent differences

  44   (15)%

Change in valuation allowance

  55   (19)%

Income Tax (Benefit) Expense

 $—  $— 

Effective Tax Rate

  (0)%  (0)%
         

$ in Thousands

 

For the Year Ended

 
  

June 30, 2025

 
  

Amount

  

Percent of Pretax income

 

Net loss before tax

 $(948)    

Tax Benefit at statutory rate

  (199)  21%

Differences due to:

        

State taxes

  —   — 

Other, permanent differences

  542   (182)%

Change in valuation allowance

  (343)  115%

Income Tax (Benefit) Expense

 $—  $— 

Effective Tax Rate

  (0)%  (0)%