Procyon (PCYN) 10-Q 19 Feb 20 2020 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Dec. 31, 2019	Feb. 08, 2020
Document Information [Line Items]
Entity Registrant Name	PROCYON CORP
Entity Central Index Key	0000812306
Current Fiscal Year End Date	--06-30
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding (in shares)		8,087,388
Entity Shell Company	false
Document Type	10-Q
Document Period End Date	Dec. 31, 2019
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Amendment Flag	false

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Dec. 31, 2019	Jun. 30, 2019
CURRENT ASSETS
Cash	$ 96,630	$ 290,287
Certificates of Deposit, plus accrued interest	155,055	153,951
Accounts Receivable, less allowance for doubtful accounts of $6,719 and $6,719, respectively.	631,602	419,630
Inventories	590,827	485,433
Prepaid Expenses	278,754	244,494
TOTAL CURRENT ASSETS	1,752,868	1,593,795
PROPERTY AND EQUIPMENT, NET	471,908	488,460
OTHER ASSETS
Deposits	4,192	4,192
Inventories	171,734	123,204
Intangible Asset	17,000	17,000
ROU assets - operating leases at December 31, 2019	52,295
Deferred Tax Asset, net valuation allowance of $171,381 and $171,381, respectively.	172,359	208,281
	417,580	352,677
TOTAL ASSETS	2,642,356	2,434,932
CURRENT LIABILITIES
Accounts Payable	112,849	147,445
Accrued Expenses	336,170	228,490
Lease Liabilities - Operating Leases, Current Portion	45,343
TOTAL CURRENT LIABILITIES	494,362	375,935
LONG TERM LIABILITIES
Lease Liability - Operating Leases	12,299
TOTAL LONG TERM LIABILITIES	12,299
COMMITMENTS AND CONTINGENCIES (NOTE I)
STOCKHOLDERS' EQUITY
Preferred Stock
Common Stock, no par value, 80,000,000 shares authorized; 8,087,388 shares issued and outstanding.	4,444,766	4,444,766
Paid-in Capital	15,885	15,885
Accumulated Deficit	(2,451,816)	(2,528,514)
TOTAL STOCKHOLDERS' EQUITY	2,135,695	2,058,997
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	2,642,356	2,434,932
Convertible Preferred Stock [Member]
STOCKHOLDERS' EQUITY
Preferred Stock	$ 126,860	$ 126,860

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ / shares in Thousands	Dec. 31, 2019	Jun. 30, 2019
Accounts Receivable, allowance for doubtful accounts	$ 6,719	$ 6,719
Deferred Tax Asset, valuation allowance	$ 171,381	$ 171,381
Preferred stock, authorized (in shares)	496,000,000	496,000,000
Preferred stock, issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, authorized (in shares)	80,000,000	80,000,000
Common stock, issued (in shares)	8,087,388	8,087,388
Common stock, outstanding (in shares)	8,087,388	8,087,388
Convertible Preferred Stock [Member]
Preferred stock, authorized (in shares)	4,000,000	4,000,000
Preferred stock, issued (in shares)	167,100	167,100
Preferred stock, par value (in dollars per share)	$ 0	$ 0
Preferred stock, outstanding (in shares)	167,100	167,100

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
NET SALES	$ 1,127,695	$ 914,462	$ 2,310,992	$ 2,005,088
COST OF SALES	325,130	239,891	645,567	544,192
GROSS PROFIT	802,565	674,571	1,665,425	1,460,896
OPERATING EXPENSES
Salaries and Benefits	417,518	373,299	810,707	732,734
Selling, General and Administrative	382,096	374,334	736,737	679,616
	799,614	747,633	1,547,444	1,412,350
INCOME / (LOSS) FROM OPERATIONS	2,951	(73,062)	117,981	48,546
OTHER INCOME (EXPENSE)
Interest Income	1,186	967	1,577	1,151
	1,186	967	1,577	1,151
INCOME / (LOSS) BEFORE INCOME TAXES	4,137	(72,095)	119,558	49,697
INCOME TAX (EXPENSE) / BENEFIT	(4,342)	4,028	(35,922)	(30,486)
NET INCOME / (LOSS)	(204)	(68,067)	83,636	19,211
Dividend requirements on preferred stock	(4,179)	(4,178)	(8,356)	(8,605)
Basic net income (loss) available to common shares	$ (4,384)	$ (72,245)	$ 75,280	$ 10,606
Basic net income (loss) per common share (in dollars per share)	$ 0	$ (0.01)	$ 0.01	$ 0
Weighted average number of common shares outstanding (in shares)	8,077,388	8,077,388	8,077,388	8,077,388
Diluted net income (loss) per common share (in dollars per share)	$ 0	$ (0.01)	$ 0.01	$ 0
Weighted average number of common shares outstanding, diluted (in shares)	8,077,388	8,077,388	8,319,488	8,319,488

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)	Preferred Stock [Member]Convertible Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings, Appropriated [Member]	Total
Balance (in shares) at Jun. 30, 2018	177,100	8,077,388
Balance at Jun. 30, 2018	$ 136,860	$ 4,434,766	$ 15,885	$ (2,555,738)	$ 2,031,773
Net Income (Loss)				87,280	87,280
Balance (in shares) at Sep. 30, 2018	177,100	8,077,388
Balance at Sep. 30, 2018	$ 136,860	$ 4,434,766	15,885	(2,468,458)	2,119,053
Balance (in shares) at Jun. 30, 2018	177,100	8,077,388
Balance at Jun. 30, 2018	$ 136,860	$ 4,434,766	15,885	(2,555,738)	2,031,773
Net Income (Loss)					19,211
Balance (in shares) at Dec. 31, 2018	167,100	8,087,388
Balance at Dec. 31, 2018	$ 126,860	$ 4,444,766	15,885	(2,536,525)	2,050,986
Balance (in shares) at Sep. 30, 2018	177,100	8,077,388
Balance at Sep. 30, 2018	$ 136,860	$ 4,434,766	15,885	(2,468,458)	2,119,053
Net Income (Loss)				(68,067)	(68,067)
Preferred Stock Converted to Common (in shares)	(10,000)	10,000
Preferred Stock Converted to Common	$ (10,000)	$ 10,000
Balance (in shares) at Dec. 31, 2018	167,100	8,087,388
Balance at Dec. 31, 2018	$ 126,860	$ 4,444,766	15,885	(2,536,525)	2,050,986
Balance (in shares) at Jun. 30, 2019	167,100	8,087,388
Balance at Jun. 30, 2019	$ 126,860	$ 4,444,766	15,885	(2,528,514)	2,058,997
Cumulative Adjustment from adoption of ASC 842 | Accounting Standards Update 2016-02 [Member]				(6,938)	(6,938)
Net Income (Loss)				83,840	83,840
Balance (in shares) at Sep. 30, 2019	167,100	8,087,388
Balance at Sep. 30, 2019	$ 126,860	$ 4,444,766	15,885	(2,451,612)	2,135,899
Balance (in shares) at Jun. 30, 2019	167,100	8,087,388
Balance at Jun. 30, 2019	$ 126,860	$ 4,444,766	15,885	(2,528,514)	2,058,997
Net Income (Loss)					83,636
Balance (in shares) at Dec. 31, 2019	167,100	8,087,388
Balance at Dec. 31, 2019	$ 126,860	$ 4,444,766	15,885	(2,451,816)	2,135,695
Balance (in shares) at Sep. 30, 2019	167,100	8,087,388
Balance at Sep. 30, 2019	$ 126,860	$ 4,444,766	15,885	(2,451,612)	2,135,899
Net Income (Loss)				(204)	(204)
Balance (in shares) at Dec. 31, 2019	167,100	8,087,388
Balance at Dec. 31, 2019	$ 126,860	$ 4,444,766	$ 15,885	$ (2,451,816)	$ 2,135,695

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income (Loss)	$ 83,636	$ 19,211
Adjustments to reconcile net income to net cash (used in) / provided by operating activities:
Depreciation	27,703	26,161
Right of Use Asset Amortization	21,425
Deferred Income Taxes	35,922	30,486
Decrease (increase) in:
Accounts Receivable	(211,972)	56,337
Inventory	(153,925)	(52,478)
Prepaid Expenses	(34,260)	(56,577)
Increase (decrease) in:
Accounts Payable	(34,596)	102,066
Accrued Expenses	107,682	(49,965)
NET CASH (USED IN) / PROVIDED BY OPERATING ACTIVITIES	(158,385)	75,241
CASH FLOW FROM INVESTING ACTIVITIES
Purchase of property & equipment	(11,150)	(7,581)
NET CASH (USED IN) INVESTING ACTIVITIES	(11,150)	(7,581)
CASH FLOW FROM FINANCING ACTIVITIES
Purchase of CD	(1,105)	(51,112)
Redemption of CD		50,772
Capital Lease Liability payments		(1,894)
Operating Lease Liability Reduction	(23,017)
NET CASH (USED IN) FINANCING ACTIVITIES	(24,122)	(2,234)
NET CHANGE IN CASH	(193,657)	65,426
CASH AT BEGINNING OF PERIOD	290,287	270,313
CASH AT END OF PERIOD	96,630	335,739
SUPPLEMENTAL DISCLOSURES
Interest Paid
Taxes Paid

Noncash Disclosure

Noncash Disclosure	6 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
Cash Flow, Supplemental Disclosures [Text Block]	NONCASH DISCLOSURE During the six December 31, 2019, $73,719 $80,659. $6,938 July 1, 2019 842.

Note A - Summary of Accounting

Note A - Summary of Accounting Policies	6 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
Significant Accounting Policies [Text Block]	NOTE A - SUMMARY OF ACCOUNTING POLICIES The interim consolidated financial statements included herein have been prepared by the Company without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in the financial statements prepared in accordance with generally accepted accounting principles ("GAAP") have been condensed or omitted as allowed by such rules and regulations. The Company believes that the disclosures are adequate to make the information presented not June 30, 2019. not may Management of the Company has prepared the accompanying unaudited condensed consolidated financial statements prepared in conformity with generally accepted accounting principles, which require the use of management estimates, contain all adjustments (including normal recurring adjustments) necessary to present fairly the operations and cash flows for the period presented and to make the financial statements not STOCK-BASED COMPENSATION Stock based compensation is accounted for in accordance with Topic 718 718, 718 December 2009, 2009 December 8, 2019. On December 31, 2019, 65,000 The fair value of a stock option is determined using the Black-Scholes option-pricing model, which values options based on the stock price at the grant date, the expected life of the option, the estimated volatility of the stock, the expected dividend payments, and the risk-free interest rate over the life of the option. There were no December 31, 2019. The Black-Scholes option valuation model was developed for estimating the fair value of traded options that have no not not EARNINGS PER SHARE Basic earnings per share (EPS) is computed by dividing income available to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that would occur if dilutive securities such as stock options and other contracts to issue Common Stock were exercised or converted into Common Stock or resulted in the issuance of Common Stock that then shared in earnings. We use the treasury stock method to compute potential common shares from stock options and the as-if-converted method to compute potential common shares from Preferred Stock. For the six December 31, 2019, 2018,

Note B - Inventories

Note B - Inventories	6 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
Inventory Disclosure [Text Block]	NOTE B - INVENTORIES Inventories consisted of the following: December 31, 2019 June 30, 2019 Finished Goods $ 610,900 $ 448,395 Raw Materials 151,661 160,242 $ 762,561 $ 608,637 At December 31, 2019 June 30, 2019, $171,734 $123,204 not one

Note C - Stockholders' Equity

Note C - Stockholders' Equity	6 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	NOTE C - STOCKHOLDERS' EQUITY During January 1995, 4,000,000 $.10 December 31, 2019, no $378,952 December 31, 2019. Holders of the Preferred Stock have the right to convert their shares of Preferred Stock into an equal number of shares of Common Stock of the Company. In addition, Preferred Stock holders have the right to vote the number of shares into which their shares are convertible into Common Stock. Such preferred shares will automatically convert into one $1,000,000, $1 no

Note D - Income Taxes and Avail

Note D - Income Taxes and Available Carryforward	6 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
Income Tax Disclosure [Text Block]	NOTE D - INCOME TAXES AND AVAILABLE CARRYFORWARD As of December 31, 2019, $1,353,000. 2035. 382 The components of the provision for income tax (expense) attributable to continuing operations are as follows: Six Months 12/31/2019 Six Months 12/31/2018 Current Federal $ 0 $ 0 State 0 0 $ 0 $ 0 Deferred Federal $ (29,764 ) $ (25,260 ) State (6,158 ) (5,226 ) $ (35,922 ) $ (30,486 ) Total Income Tax (Expense) $ (35,922 ) $ (30,486 ) Deferred income taxes reflect the net tax effects of the temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company's deferred tax assets and liabilities are as follows: Non-Current Deferred tax assets NOL and contribution carryforwards $ 342,799 Accrued compensated absences 5,787 Accrued bonus - Allowance for doubtful accounts 1,703 Total deferred tax assets 350,289 Deferred tax (liabilities) Excess of tax over book depreciation (6,549 ) Total deferred tax (liabilities) (6,549 ) Total deferred tax asset 343,740 Valuation Allowance (171,381 ) Net Deferred Tax Asset $ 172,359 The change in the valuation allowance is as follows: June 30, 2019 $ (171,381 ) December 31, 2019 $ (171,381 ) $ - Management believes it is more likely than not $618,000 not $171,381 The accounting for the effects of the rate change on deferred tax balances is complete and no Income taxes for the three December 31, 2019 2018 25.35% Six Months Six Months December 31, 2019 December 31, 2018 Expected (provision) at US statutory rate $ (24,879 ) $ (10,436 ) State income tax net of federal (provision) (5,148 ) (2,159 ) Nondeductible Expense (3,329 ) (3,833 ) Change in estimates of loss carryforward (2,567 ) (563 ) Change in valuation allowance - $ (10,481 ) Other - $ (3,014 ) Income Tax (Expense) $ (35,922 ) $ (30,486 ) The earliest tax year still subject to examination by a major taxing jurisdiction is fiscal year end June 30, 2017. The Company performed a review for uncertain tax positions in accordance with Accounting Standards Codification ASC 740 10 not no no

Note E - Line of Credit

Note E - Line of Credit	6 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
Debt Disclosure [Text Block]	NOTE E - LINE OF CREDIT In fiscal 2018, $250,000, not April 2018. In fiscal 2019, $250,000 October 9, 2020, December 31, 2019, $0

Note F - Subsequent Events

Note F - Subsequent Events	6 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
Subsequent Events [Text Block]	NOTE F - SUBSEQUENT EVENTS We have evaluated subsequent events through February 18, 2020,

Note G - Recent Accounting Pron

Note G - Recent Accounting Pronouncements	6 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	NOTE G - RECENT ACCOUNTING PRONOUNCEMENTS On June 16, 2016, 2016 13, 326 December 15, 2019, December 15, 2018. not In February 2016, 2016 02, 842 842" December 15, 2018, July 1, 2019 July 1, 2019. not 1. Whether a pre-existing contract is or contain a lease 2. Whether a pre-existing lease should be classified as an operating or finance lease, and 3. Whether the initial direct costs capitalized for a pre-existing lease under the previously lease accounting standard ASC Topic 840 As a result, the Company recorded its right-of-use assets and corresponding lease liabilities on its balance sheet beginning July 1, 2019. Other recent accounting pronouncements issued by the FASB, the AICPA and the SEC did not not

Note H - Right-of-Use Assets an

Note H - Right-of-Use Assets and Lease Liabilities	6 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	NOTE H - RIGHT-OF-USE ASSETS AND LEASE LIABILITIES Operating leases In June 2015, 63 one not $1,079 no 3%. 842, 63 5.5% In February 2018, 39 no first three $2,936 12 $3,024 8 $3,019 4 $3,109 12 842, 39 5.5% The following is information related to the Company’s right-of-use assets and liabilities for its operating leases: ROU assets - operating leases obtained in exchange for lease liabilities - operating leases $ 73,719 Amortization of ROU assets for the 6 months ending December 31, 2019 (21,424 ) ROU assets - operating leases at December 31, 2019 $ 52,295 Lease liabilities - operating leases on adoption date $ 80,659 Payments on lease liabilities (23,017 ) Lease liabilities - operating leases on December 31, 2019 57,642 Lease liabilities - operating leases due in the 12 months ending December 31, 2020 45,343 Lease liabilities - operating leases due in the 12 months ending December 31, 2021 $ 12,299 Variable lease expense was $11,666, three December 31, 2019, Weighted average remaining lease term was 1.23 5.5% December 31, 2019.

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Share-based Payment Arrangement [Policy Text Block]	STOCK-BASED COMPENSATION Stock based compensation is accounted for in accordance with Topic 718 718, 718 December 2009, 2009 December 8, 2019. On December 31, 2019, 65,000 The fair value of a stock option is determined using the Black-Scholes option-pricing model, which values options based on the stock price at the grant date, the expected life of the option, the estimated volatility of the stock, the expected dividend payments, and the risk-free interest rate over the life of the option. There were no December 31, 2019. The Black-Scholes option valuation model was developed for estimating the fair value of traded options that have no not not
Earnings Per Share, Policy [Policy Text Block]	EARNINGS PER SHARE Basic earnings per share (EPS) is computed by dividing income available to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that would occur if dilutive securities such as stock options and other contracts to issue Common Stock were exercised or converted into Common Stock or resulted in the issuance of Common Stock that then shared in earnings. We use the treasury stock method to compute potential common shares from stock options and the as-if-converted method to compute potential common shares from Preferred Stock. For the six December 31, 2019, 2018,

Note B - Inventories (Tables)

Note B - Inventories (Tables)	6 Months Ended
	Dec. 31, 2019
Notes Tables
Schedule of Inventory, Current and Noncorrent [Table Text Block]	Inventories consisted of the following: December 31, 2019 June 30, 2019 Finished Goods $ 610,900 $ 448,395 Raw Materials 151,661 160,242 $ 762,561 $ 608,637

Note D - Income Taxes and Ava_2

Note D - Income Taxes and Available Carryforward (Tables)	6 Months Ended
	Dec. 31, 2019
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Six Months 12/31/2019 Six Months 12/31/2018 Current Federal $ 0 $ 0 State 0 0 $ 0 $ 0 Deferred Federal $ (29,764 ) $ (25,260 ) State (6,158 ) (5,226 ) $ (35,922 ) $ (30,486 ) Total Income Tax (Expense) $ (35,922 ) $ (30,486 )
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	Non-Current Deferred tax assets NOL and contribution carryforwards $ 342,799 Accrued compensated absences 5,787 Accrued bonus - Allowance for doubtful accounts 1,703 Total deferred tax assets 350,289 Deferred tax (liabilities) Excess of tax over book depreciation (6,549 ) Total deferred tax (liabilities) (6,549 ) Total deferred tax asset 343,740 Valuation Allowance (171,381 ) Net Deferred Tax Asset $ 172,359 The change in the valuation allowance is as follows: June 30, 2019 $ (171,381 ) December 31, 2019 $ (171,381 ) $ -
Comprehensive Income (Loss) [Table Text Block]	Six Months Six Months December 31, 2019 December 31, 2018 Expected (provision) at US statutory rate $ (24,879 ) $ (10,436 ) State income tax net of federal (provision) (5,148 ) (2,159 ) Nondeductible Expense (3,329 ) (3,833 ) Change in estimates of loss carryforward (2,567 ) (563 ) Change in valuation allowance - $ (10,481 ) Other - $ (3,014 ) Income Tax (Expense) $ (35,922 ) $ (30,486 )

Note H - Right-of-Use Assets _2

Note H - Right-of-Use Assets and Lease Liabilities (Tables)	6 Months Ended
	Dec. 31, 2019
Notes Tables
Lessee, Operating Lease, Right-of-Use Assets and Liabilities [Table Text Block]	ROU assets - operating leases obtained in exchange for lease liabilities - operating leases $ 73,719 Amortization of ROU assets for the 6 months ending December 31, 2019 (21,424 ) ROU assets - operating leases at December 31, 2019 $ 52,295 Lease liabilities - operating leases on adoption date $ 80,659 Payments on lease liabilities (23,017 ) Lease liabilities - operating leases on December 31, 2019 57,642 Lease liabilities - operating leases due in the 12 months ending December 31, 2020 45,343 Lease liabilities - operating leases due in the 12 months ending December 31, 2021 $ 12,299

Noncash Disclosure (Details Tex

Noncash Disclosure (Details Textual) - USD ($)	3 Months Ended	6 Months Ended
	Sep. 30, 2019	Dec. 31, 2019	Jul. 01, 2019
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$ 73,719	$ 73,719
Lease Obligation Incurred		$ 80,659
Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption			$ (6,938)

Note A - Summary of Accountin_2

Note A - Summary of Accounting Policies (Details Textual)	3 Months Ended
	Dec. 31, 2019shares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance	65,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	0

Note B - Inventories (Details T

Note B - Inventories (Details Textual) - USD ($)	Dec. 31, 2019	Jun. 30, 2019
Inventory, Noncurrent, Total	$ 171,734	$ 123,204

Note B - Inventories - Inventor

Note B - Inventories - Inventories (Details) - USD ($)	Dec. 31, 2019	Jun. 30, 2019
Finished Goods	$ 610,900	$ 448,395
Raw Materials	151,661	160,242
	$ 762,561	$ 608,637

Note C - Stockholders' Equity (

Note C - Stockholders' Equity (Details Textual) - USD ($)	1 Months Ended	6 Months Ended
	Jan. 31, 1995	Dec. 31, 2019	Jun. 30, 2019
Preferred Stock, Shares Authorized		496,000,000	496,000,000
Minimum [Member]
Proceeds From Public Offering Required for Mandatory Conversion		$ 1,000,000
Share Price		$ 1
Convertible Preferred Stock [Member]
Preferred Stock, Shares Authorized	4,000,000	4,000,000	4,000,000
Preferred Stock, Dividend Rate, Per-Dollar-Amount	$ 0.10
Dividends, Preferred Stock, Total		$ 0
Preferred Stock, Amount of Preferred Dividends in Arrears		$ 378,952
Convertible Preferred Stock, Shares Issued upon Conversion		1

Note D - Income Taxes and Ava_3

Note D - Income Taxes and Available Carryforward (Details Textual) - USD ($)	3 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Operating Loss Carryforwards, Total	$ 1,353,000
Operating Loss Carryforwards, Portion Estimated to Expire before Utilization	618,000
Operating Loss Carryforwards, Valuation Allowance, Total	$ 171,381
Effective Income Tax Rate Reconciliation, Percent, Total	25.35%	25.35%
Unrecognized Tax Benefits, Ending Balance	$ 0

Note D - Income Taxes and Ava_4

Note D - Income Taxes and Available Carryforward - Provision for Income Tax Expense (Details) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Federal			$ 0	$ 0
State			0	0
			0	0
Federal			(29,764)	(25,260)
State			(6,158)	(5,226)
			(35,922)	(30,486)
Total Income Tax (Expense)	$ (4,342)	$ 4,028	$ (35,922)	$ (30,486)

Note D - Income Taxes and Ava_5

Note D - Income Taxes and Available Carryforward - Deferred Tax Assets and Liabilities (Details) - USD ($)	Dec. 31, 2019	Jun. 30, 2019
NOL and contribution carryforwards	$ 342,799
Accrued compensated absences	5,787
Accrued bonus
Allowance for doubtful accounts	1,703
Total deferred tax assets	350,289
Excess of tax over book depreciation	(6,549)
Total deferred tax (liabilities)	(6,549)
Total deferred tax asset	343,740
Valuation Allowance	(171,381)	$ (171,381)
Net Deferred Tax Asset	$ 172,359	$ 208,281

Note D - Income Taxes and Ava_6

Note D - Income Taxes and Available Carryforward - Income Taxes Reconciliation (Details) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Expected (provision) at US statutory rate			$ (24,879)	$ (10,436)
State income tax net of federal (provision)			(5,148)	(2,159)
Nondeductible Expense			(3,329)	(3,833)
Change in estimates of loss carryforward			2,567	563
Change in valuation allowance				(10,481)
Other				(3,014)
Total Income Tax (Expense)	$ (4,342)	$ 4,028	$ (35,922)	$ (30,486)

Note E - Line of Credit (Detail

Note E - Line of Credit (Details Textual) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Line of Credit Facility, Maximum Borrowing Capacity	$ 250,000	$ 250,000
Long-term Line of Credit, Total	$ 0

Note H - Right-of-Use Assets _3

Note H - Right-of-Use Assets and Lease Liabilities (Details Textual)	3 Months Ended	6 Months Ended
	Dec. 31, 2019USD ($)	Dec. 31, 2019USD ($)
Variable Lease, Cost	$ 11,666
Operating Lease, Weighted Average Remaining Lease Term	1 year 83 days	1 year 83 days
Operating Lease, Weighted Average Discount Rate, Percent	5.50%	5.50%
Operating Lease For Office Equipment [Member]
Lessee, Operating Lease, Term of Contract	5 years 90 days	5 years 90 days
Lessee, Operating Lease, Rent Per Month		$ 1,079
Lessee, Operating Lease, Maximum Yearly Increase of Rent		3.00%
Lessee, Operating Lease, Discount Rate	5.50%	5.50%
Operating Lease For Warehouse [Member]
Lessee, Operating Lease, Term of Contract	3 years 90 days	3 years 90 days
Lessee, Operating Lease, Discount Rate	5.50%	5.50%
Lessee, Operating Lease, Rent Per Month, Following 12 Months		$ 2,936
Lessee, Operating Lease, Rent Per Month, Following 8 Months		3,024
Lessee, Operating Lease, Rent Per Month, Following 4 Months		3,019
Lessee, Operating Lease, Rent Per Month, Last 12 Months		$ 3,109

Note H - Right-of-Use Assets _4

Note H - Right-of-Use Assets and Lease Liabilities - Right-of-Use Assets and Liabilities (Details) - USD ($)	3 Months Ended	6 Months Ended
	Sep. 30, 2019	Dec. 31, 2019	Dec. 31, 2018	Jul. 01, 2019	Jun. 30, 2019
ROU assets - operating leases obtained in exchange for lease liabilities - operating leases	$ 73,719	$ 73,719
Amortization of ROU assets for the 6 months ending December 31, 2019	(21,424)	(21,425)
ROU assets - operating leases at December 31, 2019	$ 52,295	52,295
Lease liabilities - operating leases on adoption date		57,642		$ 80,659
Payments on lease liabilities		(23,017)
Lease liabilities - operating leases due in the 12 months ending December 31, 2020		45,343
Lease liabilities - operating leases due in the 12 months ending December 31, 2021		$ 12,299