| Schedule of income tax reconciliation |
| Schedule of income tax reconciliation |
|
|
|
| |
| |
|
|
|
|
|
| |
|
For the Year Ended June 30, |
| |
|
2026 | |
2025 |
| |
|
Amount |
| |
% | |
Amount |
|
|
% |
| Statutory tax rate |
|
|
|
| |
| | | |
|
|
|
|
| | |
| Federal |
|
$ |
3,462,659 |
| |
| 21.00 % | | |
$ |
1,406,463 |
|
|
| 21.00 % | |
| State (net of federal benefit) |
|
|
887,101 |
| |
| 5.38 % | | |
|
377,184 |
|
|
| 5.63 % | |
| Foreign tax |
|
|
(49,467 |
) | |
| (0.3)% | | |
|
(249,815 |
) |
|
| (3.73)% | |
| Permanent differences |
|
|
(705,723 |
) | |
| (4.28)% | | |
|
– |
|
|
| – % | |
| Others |
|
|
(515,398 |
) | |
| (3.13)% | | |
|
(185,519 |
) |
|
| (2.77)% | |
| Effective tax rate |
|
$ |
3,079,172 |
| |
| 18.67 % | | |
$ |
1,348,313 |
|
|
| 20.13 % | |
|
| Schedule of deferred taxes |
| Schedule of deferred taxes | |
| | | |
| | |
| | |
June 30, 2026 | | |
June 30, 2025 | |
| Deferred tax assets | |
| | | |
| | |
| 263A calculation | |
$ | – | | |
$ | 256,568 | |
| Inventory reserve | |
| 75,001 | | |
| 83,180 | |
| State taxes | |
| 3,797 | | |
| 4,844 | |
| Accrued expenses | |
| 21,745 | | |
| 21,750 | |
| ROU assets / liabilities | |
| 71,926 | | |
| 95,711 | |
| Net operating loss | |
| 4,627,370 | | |
| 2,962,954 | |
| Disallowed interest expense | |
| 403,565 | | |
| 311,662 | |
| Stock-based compensation | |
| 524,891 | | |
| 336,394 | |
| Unrealized gain/loss | |
| 230,654 | | |
| – | |
| Allowance for credit loss | |
| 720,427 | | |
| 512,289 | |
| Discount on note receivable | |
| 131,767 | | |
| – | |
| Total deferred tax assets | |
| 6,811,143 | | |
| 4,585,352 | |
| | |
| | | |
| | |
| Deferred tax liabilities | |
| | | |
| | |
| Depreciation | |
| (29,280 | ) | |
| (56,648 | ) |
| Intangible assets acquired | |
| (632,907 | ) | |
| (804,242 | ) |
| Total deferred tax liabilities | |
| (662,187 | ) | |
| (860,890 | ) |
| | |
| | | |
| | |
| Net deferred tax assets | |
$ | 6,148,956 | | |
$ | 3,724,462 | |
|