Note 10 - Income Taxes (Tables)
|
12 Months Ended |
Jun. 30, 2026 |
| Notes Tables |
|
| Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] |
| | | 2026 | | | 2025 | |
| Current: | | | | | | | | |
| Federal | | $ | 1,398,426 | | | $ | 641,718 | |
| State | | | 602,608 | | | | 34,132 | |
| Total Current | | | 2,001,034 | | | | 675,850 | |
| | | | | | | | | |
| Deferred: | | | | | | | | |
| Federal | | | 207,938 | | | | - | |
| State | | | (258,973 | ) | | | - | |
| Total Deferred | | | (51,035 | ) | | | - | |
| | | | | | | | | |
| Total Provision | | $ | 1,949,999 | | | $ | 675,850 | |
|
| Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] |
| | | 2026 | |
| | | Amount | | | Percent | |
| Federal income tax expense at the statutory rate | | $ | 1,999,092 | | | | 21.00 | % |
| State and local income taxes, net of Federal income tax effect | | | 281,123 | | | | 3.00 | % |
| Foreign tax effects | | | - | | | | 0.00 | % |
| Effect of changes in tax laws or rates enacted in the current period | | | - | | | | 0.00 | % |
| Effect of cross-border tax laws | | | - | | | | 0.00 | % |
| Tax credits | | | (357,130 | ) | | | (3.80 | )% |
| Change in valuation allowance | | | - | | | | 0.00 | % |
| Nontaxable/nondeductible items | | | | | | | | |
| Non-deductible officer compensation | | | 148,143 | | | | 1.60 | % |
| Other, net | | | 11,154 | | | | 0.10 | % |
| Change in unrecognized tax benefits | | | - | | | | 0.00 | % |
| Other adjustments, net | | | | | | | | |
| Deferred tax liability adjustment | | | 106,595 | | | | 1.10 | % |
| Other, net | | | (238,978 | ) | | | (2.50 | )% |
| | | | | | | | | |
| Income tax provision (benefit) | | $ | 1,949,999 | | | | 20.48 | % |
| | | 2025 | |
| | | | | |
| Expected income tax expense (benefit) | | $ | 1,465,405 | |
| State income tax expense (benefit) | | | 348,906 | |
| Federal tax credits | | | (1,109,000 | ) |
| Officer life insurance | | | 46,249 | |
| Unrealized gain/loss | | | (19,923 | ) |
| Meals and entertainment | | | 6,329 | |
| Stock expenses | | | 18,933 | |
| Officer salary (162m limit) | | | 160,688 | |
| NOL expiry | | | 509,109 | |
| Other permanent differences | | | 279,256 | |
| Change in deferred tax asset/liability | | | (1,030,102 | ) |
| | | | | |
| Total income tax expense/benefit | | $ | 675,850 | |
|
| Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |
| | | 2026 | | | 2025 | |
| Deferred tax assets: | | | | | | | | |
| NOL carryover | | $ | 889,461 | | | $ | 1,029,290 | |
| Accrued bonus | | | 144,590 | | | | 98,278 | |
| Allowance for bad debts | | | 63,062 | | | | 63,034 | |
| Accrued expense | | | 32,292 | | | | 45,180 | |
| Capital loss carryover | | | 37,498 | | | | 38,622 | |
| Tax credits | | | 271,005 | | | | - | |
| Total deferred tax assets | | | 1,437,908 | | | | 1,274,404 | |
| | | | | | | | | |
| Deferred tax liabilities: | | | | | | | | |
| Amortization | | | (1,312,200 | ) | | | (1,249,542 | ) |
| Depreciation | | | (74,673 | ) | | | (156,837 | ) |
| Total deferred tax liabilities | | | (1,386,873 | ) | | | (1,406,379 | ) |
| Valuation allowance | | | - | | | | - | |
| Net deferred tax asset (liability) | | $ | 51,035 | | | $ | (131,975 | ) |
|