Procyon (PCYN) 10-K 8 Oct 21 2021 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Jun. 30, 2021	Oct. 04, 2021
Document Information [Line Items]
Entity Registrant Name	PROCYON CORP
Entity Central Index Key	0000812306
Trading Symbol	pcyn
Current Fiscal Year End Date	--06-30
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
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 Public Float		$ 2,830,586
Entity Shell Company	false
Document Type	10-K
Document Period End Date	Jun. 30, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Amendment Flag	false
Title of 12(g) Security	Common Stock

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Jun. 30, 2021	Jun. 30, 2020
CURRENT ASSETS
Cash	$ 1,226,522	$ 665,834
Certificates of Deposit, plus accrued interest	280,438	155,132
Accounts Receivable, less allowance for doubtful accounts of $9,408 and $9,408 respectively	497,358	311,043
Inventories	591,058	758,516
Prepaid Expenses	276,251	183,138
TOTAL CURRENT ASSETS	2,871,627	2,073,663
PROPERTY AND EQUIPMENT, NET	109,275	452,855
OTHER ASSETS
Deposits	3,235	4,192
Inventories	263,280	83,812
Intangible Asset	17,000	17,000
ROU Assets - Operating Leases	882,344	30,245
Deferred Tax Asset, Net of Valuation Allowance of $0 and $144,619, respectively	95,568	159,874
Assets, Noncurrent, Excluding Property, Plant and Equipment	1,261,427	295,123
TOTAL ASSETS	4,242,329	2,821,641
CURRENT LIABILITIES
Accounts Payable	167,588	167,459
PPP Loan Payable		57,028
Accrued Expenses	315,881	289,466
Lease liabilities - operating leases due in the 12 months ending June 30, 2022	154,022
TOTAL CURRENT LIABILITIES	637,491	513,953
LONG TERM LIABILITIES
PPP Loan Payable		143,972
Long Term Lease Liabilities	653,860
TOTAL LONG TERM LIABILITIES	653,860	143,972
TOTAL LIABILITIES	1,291,351	657,925
COMMITMENTS AND CONTINGENCIES (NOTE G)
STOCKHOLDERS' EQUITY
Preferred Stock
Common Stock, no par value, 80,000,000 shares authorized; 8,087,388 and 8,087,388 shares issued and outstanding, respectively	4,444,766	4,444,766
Paid-in Capital	35,564	15,885
Accumulated Deficit	(1,656,212)	(2,423,795)
TOTAL STOCKHOLDERS' EQUITY	2,950,978	2,163,716
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	4,242,329	2,821,641
Convertible Preferred Stock [Member]
STOCKHOLDERS' EQUITY
Preferred Stock	$ 126,860	$ 126,860

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ / shares in Thousands	Jun. 30, 2021	Jun. 30, 2020
Accounts Receivable, allowance for doubtful accounts	$ 9,408	$ 9,408
Valuation allowance	$ 0	$ 144,619
Preferred stock, authorized (in shares)	496,000,000	496,000,000
Preferred stock, issued (in shares)	0	0
Common stock, no 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, no 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 - USD ($)	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
NET SALES	$ 4,719,672	$ 4,334,088
COST OF SALES	1,330,979	1,134,675
GROSS PROFIT	3,388,693	3,199,413
OPERATING EXPENSES
Salaries and Benefits	1,733,708	1,729,688
Selling, General and Administrative	1,330,215	1,316,709
Operating Costs and Expenses, Total	3,063,923	3,046,397
INCOME FROM OPERATIONS	324,770	153,016
OTHER INCOME
(Loss) on Disposal of Assets	304,887	(4,697)
Other Income / Gain on Extinguishment of Debt	203,172	10,000
Interest Income	1,232	1,746
Interest Expense	0	0
Nonoperating Income (Expense), Total	507,119	7,049
INCOME BEFORE INCOME TAXES	831,889	160,065
INCOME TAX EXPENSE	(64,306)	(48,407)
NET INCOME	767,583	111,658
Dividend requirements on preferred stock	(16,710)	(16,710)
Basic net income available to common shares	$ 750,873	$ 94,948
Basic net income per common share (in dollars per share)	$ 0.09	$ 0.01
Weighted average number of common shares outstanding (in shares)	8,087,388	8,087,388
Diluted net income per common share (in dollars per share)	$ 0.09	$ 0.01
Weighted average number of common shares outstanding, diluted (in shares)	8,319,624	8,319,488

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($)	Cumulative Effect, Period of Adoption, Adjustment [Member]Preferred Stock [Member]Convertible Preferred Stock [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]Common Stock [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]Additional Paid-in Capital [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]Retained Earnings, Appropriated [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]	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, 2019						167,100	8,087,388
Balance at Jun. 30, 2019				$ (6,939)	$ (6,939)	$ 126,860	$ 4,444,766	$ 15,885	$ (2,528,514)	$ 2,058,997
Net Income									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	(2,451,613)	2,135,898
Balance (in shares) at Jun. 30, 2019						167,100	8,087,388
Balance at Jun. 30, 2019				$ (6,939)	$ (6,939)	$ 126,860	$ 4,444,766	15,885	(2,528,514)	2,058,997
Net Income										111,658
Balance (in shares) at Jun. 30, 2020						167,100	8,087,388
Balance at Jun. 30, 2020						$ 126,860	$ 4,444,766	15,885	(2,423,795)	2,163,716
Balance (in shares) at Sep. 30, 2019						167,100	8,087,388
Balance at Sep. 30, 2019						$ 126,860	$ 4,444,766	15,885	(2,451,613)	2,135,898
Net Income									(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	(2,451,817)	2,135,694
Net Income									55,929	55,929
Balance (in shares) at Mar. 31, 2020						167,100	8,087,388
Balance at Mar. 31, 2020						$ 126,860	$ 4,444,766	15,885	(2,395,888)	2,191,623
Net Income									(27,907)	(27,907)
Balance (in shares) at Jun. 30, 2020						167,100	8,087,388
Balance at Jun. 30, 2020						$ 126,860	$ 4,444,766	15,885	(2,423,795)	2,163,716
Net Income									219,096	219,096
Balance (in shares) at Sep. 30, 2020						167,100	8,087,388
Balance at Sep. 30, 2020						$ 126,860	$ 4,444,766	15,885	(2,204,699)	2,382,812
Balance (in shares) at Jun. 30, 2020						167,100	8,087,388
Balance at Jun. 30, 2020						$ 126,860	$ 4,444,766	15,885	(2,423,795)	2,163,716
Net Income										767,583
Balance (in shares) at Jun. 30, 2021						167,100	8,087,388
Balance at Jun. 30, 2021						$ 126,860	$ 4,444,766	35,564	(1,656,212)	2,950,978
Balance (in shares) at Sep. 30, 2020						167,100	8,087,388
Balance at Sep. 30, 2020						$ 126,860	$ 4,444,766	15,885	(2,204,699)	2,382,812
Net Income									74,313	74,313
Balance (in shares) at Dec. 31, 2020						167,100	8,087,388
Balance at Dec. 31, 2020						$ 126,860	$ 4,444,766	15,885	(2,130,386)	2,457,125
Net Income									21,714	21,714
Stock Options Issued (in shares)
Stock Options Issued
Balance (in shares) at Mar. 31, 2021						167,100	8,087,388
Balance at Mar. 31, 2021						$ 126,860	$ 4,444,766	15,885	(2,108,672)	2,478,839
Net Income									452,460	452,460
Stock Options Issued (in shares)
Stock Options Issued								19,679		19,679
Balance (in shares) at Jun. 30, 2021						167,100	8,087,388
Balance at Jun. 30, 2021						$ 126,860	$ 4,444,766	$ 35,564	$ (1,656,212)	$ 2,950,978

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income	$ 767,583	$ 111,658
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	43,331	53,942
Increase in Allowance for Doubtful Accounts		2,689
Right of Use Asset Amortization	120,981	(30,245)
Adoption of ASC 842		(6,939)
Accrued Interest on Certificate of Deposit	(306)
Deferred Income Taxes	208,925	48,407
Valuation Allowance	(144,619)
(Gain)/Loss on Sale of Assets	(304,887)	4,697
Gain on Extinguishment of Debt	(203,172)
Stock Based Compensation	19,679
Decrease (increase) in:
Accounts Receivable	(186,315)	105,898
Deposits	957
Inventory	(12,010)	(233,691)
Prepaid Expenses	(93,113)	61,356
Increase (decrease) in:
Accounts Payable	129	20,014
Accrued Interest Payable	2,172
Accrued Expenses	60,165	60,976
NET CASH PROVIDED BY OPERATING ACTIVITIES	279,500	198,772
CASH FLOW FROM INVESTING ACTIVITIES
Purchase of Certificate of Deposit	(125,000)
Redemption of Certificate of Deposit		(1,181)
Purchase of Property & Equipment	(65,166)	(23,044)
Proceeds on disposal of property and equipment	670,303
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	480,137	(24,225)
CASH FLOW FROM FINANCING ACTIVITIES
Payments on Operating Lease Liability	(198,949)
Proceeds from PPP Loan		201,000
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	(198,949)	201,000
NET CHANGE IN CASH	560,688	375,547
CASH AT BEGINNING OF THE YEAR	665,834	290,287
CASH AT END OF THE YEAR	1,226,522	665,834
SUPPLEMENTAL DISCLOSURES
Interest Paid
Taxes Paid

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parentheticals)	12 Months Ended
	Jun. 30, 2021USD ($)
Increase (Decrease) in Operating Lease Right-of-use Asset	$ 973,081
Increase (Decrease) in Operating Lease Liability	$ 973,081

Note A - Summary of Significant

Note A - Summary of Significant Accounting Policies	12 Months Ended
	Jun. 30, 2021
Notes to Financial Statements
Significant Accounting Policies [Text Block]	NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Business Activity Procyon Corporation has two July 2009, third July 31, 2009, no Principles of Consolidation The consolidated financial statements include the accounts of Procyon Corporation and its wholly-owned subsidiaries, AMERX and Sirius. All material inter-company accounts and transactions are eliminated. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Cash and Cash Equivalents For the purpose of the Statements of Cash Flows, the Company considers cash-on-hand, demand deposits in banks and highly liquid investments purchased with an original maturity of three Concentration of Credit Risk The Company maintains its cash at various financial institutions. All noninterest-bearing transaction accounts are fully insured by the Federal Deposit Insurance Corporation, regardless of the balance of the account, at all insured institutions. At June 30, 2021 2020, $30 $334,265 Revenue Recognition The Company recognizes revenue in accordance with the Financial Accounting Standards Board's (FASB) release of Accounting Standards Update (ASU) 2014 09, 606 five 1 2 3 4 5 Accounts Receivable and Concentration of Credit Risk AMERX grants credit to customers, most of whom are national pharmaceutical distributors, drug stores nationwide and physicians. AMERX wholesales its products to national pharmaceutical distributors and drug stores at a sales term of 2/10, 30 2/10 30 The valuation of accounts receivable is based upon the credit-worthiness of customers as well as historical collection experience. Estimating the credit worthiness of customers and recoverability of customer accounts requires us to exercise considerable judgment. Allowances for doubtful accounts are recorded as a selling, general and administrative expense for estimated amounts expected to be uncollectible from third June 30, 2021 2020, $9,400 $9,400, 2% 3% Inventories Inventories are valued at the lower of average cost or net realized value determined by the first first not 12 Property and Equipment Property and equipment are stated at cost. Depreciation is computed on a straight-line basis over their estimated useful lives. Leased equipment is recorded at it's fair market value at the beginning of the lease term and is depreciated over the life of the equipment. Depreciation on leased equipment is included in depreciation expense. Deferred Income Taxes Deferred income taxes are recognized for the expected tax consequences in future years for differences between the tax bases of assets and liabilities and their financial reporting amounts, based upon exacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. The Company accounts for income taxes under Topic 740 no June 30, 2021. $144,619 June 30, 2020. Fair Value of Financial Instruments The carrying value of cash, accounts receivable, prepaid expenses, deposits, inventory, accounts payable and accrued expenses approximate fair value. Considerable judgement is required in interpreting market data to develop the estimates of fair value, and accordingly, the estimates are not Shipping and Handling Costs Shipping and handling costs incurred were approximately $221,000 $157,000 June 30, 2021, 2020, Advertising and Marketing The Company records advertising and marketing expenses in the periods in which they are incurred. During the years ended June 30, 2021 2020, $240,000 $400,000, Stock Based Compensation In November 2020, 2020 “2020 The Company maintained the Procyon Corporation 2009 "2009 December 8, 2019. 2009 December 8, 2009. No may 2009 The 2009 2009 500,000 500,000 2009 250,000 September 27, 2016, June 30, 2016. 40,000 July 1, 2016 25,000 July 1, 2017. ten June 30, 2021, no 2009 1,000,000 2009 250,000 not 1933. Eligible participants under the 2009 may may Non-Qualified Stock Options granted under the 2009 not ten not 100% 2009 not ten five not 100% 110% The 2020 422 not one may The Board of Directors has authorized the issuance of 2,000,000 2020 2,000,000 2020 not 1933. no may 422 not ten five not 100% 110% first not $100,000. Non-Qualified Stock Options are Options that is not not not ten not 100% Effective June 30, 2021, 25,000 25,000 2021, July 1, 2020. September 24, 2021, June 30, 2021 ten .373 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. The Black-Scholes option valuation model was developed for estimating the fair value of traded options that have no not not Agreements to grant 40,000 25,000 September 27, 2016 August 23, 2017, June 30, 2016 June 30, 2017, 718 718" Effective as of June 30, 2021, 25,000 25,000 2021, July 1, 2020. June 30, 2021 ten .373 Additional information with respect to stock option activity is as follows: Number of Shares Weighted Average Exercise Price Outstanding at June 30, 2019 65,000 $ 0.17 Granted - $ - Exercised - $ - Cancelled - $ - Outstanding at June 30, 2020 65,000 $ 0.17 Granted 50,000 $ 0.37 Exercised - $ - Cancelled - $ - Outstanding at June 30, 2021 115,000 $ 0.26 Options exercisable at June 30, 2020 65,000 $ 0.17 Options exercisable at June 30, 2021 115,000 $ 0.26 Net Income Per Common Share The Company computes net income per share in accordance with Accounting Standards Codification Topic 260 260 260 Subsequent Events We have evaluated subsequent events through September 29, 2021,

Note B - Inventories

Note B - Inventories	12 Months Ended
	Jun. 30, 2021
Notes to Financial Statements
Inventory Disclosure [Text Block]	NOTE B - INVENTORIES Inventories consisted of the following: June 30, 2021 June 30, 2020 Finished Goods $ 683,771 $ 645,039 Raw Materials 170,567 160,242 $ 854,338 $ 805,281 At June 30, 2021 2020, $263,280 $83,812 not one

Note C - Property and Equipment

Note C - Property and Equipment	12 Months Ended
	Jun. 30, 2021
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	NOTE C - PROPERTY AND EQUIPMENT Property and equipment consisted of the following: As of June 30, 2021 Owned Capitalized Leases Total Office Equipment $ 223,018 $ 0 $ 223,018 Furniture and Fixtures 45,082 45,082 Software 26,021 26,021 Leasehold improvements 26,301 26,301 Production Equipment 26,249 26,249 Building 18,392 18,392 Land 0 0 0 365,063 0 365,063 Less accumulated depreciation (255,788 ) 0 (255,788 ) $ 109,275 $ 0 $ 109,275 Depreciation expense was $43,331 June 30, 2021. As of June 30, 2020 Owned Capitalized Leases Total Office Equipment $ 178,404 $ 11,364 $ 189,768 Furniture and Fixtures 40,304 40,304 Software 26,021 26,021 Leasehold Improvements 95,329 95,329 Production Equipment 25,452 25,452 Building 492,559 492,559 Land 64,547 64,547 922,616 11,364 933,980 Less accumulated depreciation (469,761 ) (11,364 ) (481,125 ) $ 452,855 $ 0 $ 452,855 Depreciation expense was $53,942 June 30, 2020.

Note D - Intangible Assets

Note D - Intangible Assets	12 Months Ended
	Jun. 30, 2021
Notes to Financial Statements
Intangible Assets Disclosure [Text Block]	NOTE D - INTANGIBLE ASSETS On June 30, 2017, $17,000. not 350,

Note E - Accrued Expenses

Note E - Accrued Expenses	12 Months Ended
	Jun. 30, 2021
Notes to Financial Statements
Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]	NOTE E - ACCRUED EXPENSES Accrued expenses consist of the following at June 30, 2021 2020. 2021 2020 Accrued Payroll $ 131,187 $ 119,756 Accrued Paid Time Off 29,899 31,094 Accrued Professional Fees 50,916 49,278 Accrued Incentive Plan 55,398 51,746 Accrued Lease Liabiity 38,620 33,750 Other 9,861 3,842 Total $ 315,881 $ 289,466

Note F - Line of Credit

Note F - Line of Credit	12 Months Ended
	Jun. 30, 2021
Notes to Financial Statements
Debt Disclosure [Text Block]	NOTE F - LINE OF CREDIT In fiscal 2019, $250,000 June 30, 2021 June 30, 2020, $0 not A new line of credit was procured in June 2021, $250,000 June 30, 2022. Interest expense for the years ended June 30, 2021 2020 $0 $0, The line of credit is guaranteed by Justice W. Anderson, President and Chief Executive Officer.

Note G - Paycheck Protection Pr

Note G - Paycheck Protection Program Loan	12 Months Ended
	Jun. 30, 2021
PPP Loan [Member]
Notes to Financial Statements
Unusual or Infrequent Items, or Both, Disclosure [Text Block]	NOTE G - PAYCHECK PROTECTION PROGRAM LOAN The Company applied for a loan with the Small Business Administration (the "SBA") Paycheck Protection Program ("PPP") of the Coronavirus Aid, Relief and Economic Security Act of 2020 $201,000 April 13, 2020. The Loan, which is evidenced by a promissory note (the "Note"), has a two April 13, 2022, 1.00% seven not may The Loan may eight April 13, 2020. The loan was forgiven in May 2021.

Note H - Commitments and Contin

Note H - Commitments and Contingencies	12 Months Ended
	Jun. 30, 2021
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	NOTE H - COMMITMENTS AND CONTINGENCIES The Company leases warehouse office space under operating leases expiring through year 2021. June 30, 2021 2020 $31,091 $29,193, June 30, 2022 $ 177,915 2023 181,326 2024 184,805 2025 188,353 2026 141,062 $ 873,461

Note I - Stockholders' Equity

Note I - Stockholders' Equity	12 Months Ended
	Jun. 30, 2021
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	NOTE I - STOCKHOLDERS EQUITY During January 1995, 4,000,000 $.10 June 30, 2021, no $404,516 $2.42 June 30, 2021. The preferred stockholders have the right to convert each share of Series A Cumulative Convertible Preferred Stock into one one $1 $1 Share-based compensation expense recognized during the period is based on the value of the portion of share-based payment awards that is ultimately expected to vest. As share-based compensation expense recognized in the statement of operations is based on awards ultimately expected to vest, it can be reduced for estimated forfeitures. The ASC topic Stock Compensation requires forfeitures to be estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. The share based compensation charged against income for the periods ended June 30, 2021 2020 $19,679 $0 The Black-Scholes option-pricing model, which values options based on the stock price at grant date, the expected life of the options, the estimated volatility of the stock and the risk free interest rate over the life of the option. The assumption used in the Black-Scholes model were as follows for the stock options granted for the year ended June 30, 2021. Stock Price at Date of Grant $ .373 Risk-free interest rate 1.41 % Expected volatility of common stock 183.81 % Dividend yield 0 % Expected life of options (years) 10

Note J - Earnings Per Share

Note J - Earnings Per Share	12 Months Ended
	Jun. 30, 2021
Notes to Financial Statements
Earnings Per Share [Text Block]	NOTE J - EARNINGS PER SHARE As required by Accounting Standards Codification Topic 260 260" Years Ended June 30, 2021 2020 Numerator: Net Income (Loss) $ 767,583 $ 111,658 Adjustment for basic earnings per share: Dividend requirements on preferred stock (16,710 ) (16,710 ) Numerator for basic earnings per share- Net income available to common stockholders $ 750,873 $ 94,948 Effect of dilutive securities: Numerator for diluted earnings per share-Net income available to common stockholder $ 750,873 $ 94,948 Denominator: Denominator for basic earnings per share-Weighted-average common shares 8,087,388 8,087,388 Effect of dilutive securities: Stock options 65,136 65,000 Weighted-average Dilutive potential common shares 167,100 167,100 Denominator for dilutive earnings per share-Adjusted weighted-average shares and assumed conversions 8,319,624 8,319,488 Basic Net Income per share $ 0.09 $ 0.01 Diluted Net Income per share $ 0.09 $ 0.01

Note K - Income Taxes and Avail

Note K - Income Taxes and Available Carryforward	12 Months Ended
	Jun. 30, 2021
Notes to Financial Statements
Income Tax Disclosure [Text Block]	NOTE K - INCOME TAXES AND AVAILABLE CARRYFORWARD As of June 30, 2021, $446,000. 2035.The 382 The components of the provision for income taxes expenses are attributable to continuing operations as follows: Year ended June 30, 2021 Year ended June 30, 2020 Current Federal $ - $ - State - - - - Deferred Federal $ (53,281 ) $ (40,109 ) State (11,025 ) (8,298 ) $ (64,306 ) $ (48,407 ) 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 $ 112,934 Share based payments 4,988 Lease Liabilities - operating leases 204,758 Accrued compensated absences 7,578 Accrued bonus 14,041 Allowance for doubtful accounts 2,384 346,683 Deferred tax (liabilities): Right of use assets - operating leases (223,630 ) Excess of tax over book depreciation (27,485 ) Total deferred tax (liabilities) (251,115 ) Net deferred tax asset (liability) 95,568 Valuation Allowance - Net deferred tax asset $ 95,568 The change in the valuation allowance is as follows: June 30, 2021 $ - June 30, 2020 (144,619 ) $ 144,619 Income taxes for the years ended June 30, 2021 2020 25.35% 2021 2020 Expected benefit (provision) at US statutory rate $ (174,963 ) $ (33,613 ) State income tax net of federal benefit (provision) (36,201 ) (6,955 ) Nondeductible expense (3,450 ) (6,412 ) Non Taxable Income 51,494 - Change in estimates of losses carryforward (45,805 ) (29,328 ) Change in valuation allowance 144,619 26,761 Other - 1,140 Income tax benefit (expense) $ (64,306 ) $ (48,407 ) The earliest tax year still subject to examination by taxing jurisdictions is fiscal year June 30, 2018. The Company performed a review of its uncertain tax positions in accordance with Accounting Standards Codification ASC 740 10 not During the year ended June 30, 2020, $201,000 19

Note L - Concentration of Suppl

Note L - Concentration of Supply Risk	12 Months Ended
	Jun. 30, 2021
Notes to Financial Statements
Concentration Risk Disclosure [Text Block]	NOTE L - CONCENTRATION OF SUPPLY RISK The Company's manufacturing and packaging activities are performed at a production facility owned and operated by a non-affiliated pharmaceutical manufacturer. At the present time, the manufacturer is the major source of the Company's wound care products. The sudden loss or failure of this manufacturer could significantly impair AMERX's ability to fulfill customer orders on a short-term basis and therefore, could materially and adversely affect the Company's operations. However, the Company has maintained a long-term relationship with this manufacturer and does not There were no June 30, 2021 2020,

Note M - Major Customer

Note M - Major Customer	12 Months Ended
	Jun. 30, 2021
Notes to Financial Statements
Major Customer Disclosure [Text Block]	NOTE M - MAJOR CUSTOMER During the year ended June 30, 2021 one 10% 2020 no 10%

Note N - Research and Developme

Note N - Research and Development	12 Months Ended
	Jun. 30, 2021
Notes to Financial Statements
Research, Development, and Computer Software Disclosure [Text Block]	NOTE N - RESEARCH AND DEVELOPMENT AMERX incurred $30,900 $23,093 June 30, 2021 2020,

Note O - Pandemic Health Issue

Note O - Pandemic Health Issue	12 Months Ended
	Jun. 30, 2021
COVID 19 Health Issue [Member]
Notes to Financial Statements
Unusual or Infrequent Items, or Both, Disclosure [Text Block]	NOTE O - PANDEMIC HEALTH ISSUE At the time of release of these financial statements, the United States continues to experience a National Emergency related to persistent health issues caused by the COVID- 19

Note P - Right-of-use Assets an

Note P - Right-of-use Assets and Lease Liabilities	12 Months Ended
	Jun. 30, 2021
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	NOTE P - RIGHT-OF-USE ASSETS AND LEASE LIABILITIES Operating Leases In June 2015, 63 one not $1,079 no 3%. 842, 63 5.5% September 2020. September 30, 2020. In February 2018, 39 no first three $2,936 12 $3,024 8 $3,019 4 $3,109 12 842, 39 5.5% In August 2020, 63 not $574 842, 63 4.25% In January 2021, 64 no first four $4,792.50 5th no 2% not 5%. 842, 64 3.25% In January 2021, 64 no first four $9,372 5th no 2% not 5%. 842, $114,083 64 3.25% 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 $ 1,046,800 Amortization of ROU assets since lease inception (164,455 ) ROU assets - operating leases at June 30, 2021 $ 882,344 Lease liabilities - operating leases on adoption date $ 1,053,740 Payments on lease liabilities (245,858 ) Lease liabilities - operating leases on June 30, 2021 807,882 Lease liabilities - operating leases due in the 12 months ending June 30, 2022 154,022 Lease liabilities - operating leases due after June 30, 2022 $ 653,860 Variable lease expense was $133,531 $46,666 June 30, 2021 2020, Weighted average remaining lease term was 4.74 3.29% June 30, 2021.

Note Q - Recent Accounting Pron

Note Q - Recent Accounting Pronouncements	12 Months Ended
	Jun. 30, 2021
Notes to Financial Statements
Accounting Standards Update and Change in Accounting Principle [Text Block]	NOTE Q - RECENT ACCOUNTING PRONOUNCEMENTS In December 2019, No. 2019 12, 740 {44ASU 2019 12" 2019 12 740 2019 12 December 15, 2020. In June 2016, No. 2016 13, 326 {44ASU 2016 13" 2016 13 December 15, 2020 October 2019, December 15, 2022, July 1, 2023.

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Principles of Consolidation The consolidated financial statements include the accounts of Procyon Corporation and its wholly-owned subsidiaries, AMERX and Sirius. All material inter-company accounts and transactions are eliminated.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents For the purpose of the Statements of Cash Flows, the Company considers cash-on-hand, demand deposits in banks and highly liquid investments purchased with an original maturity of three
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentration of Credit Risk The Company maintains its cash at various financial institutions. All noninterest-bearing transaction accounts are fully insured by the Federal Deposit Insurance Corporation, regardless of the balance of the account, at all insured institutions. At June 30, 2021 2020, $30 $334,265
Revenue [Policy Text Block]	Revenue Recognition The Company recognizes revenue in accordance with the Financial Accounting Standards Board's (FASB) release of Accounting Standards Update (ASU) 2014 09, 606 five 1 2 3 4 5
Accounts Receivable [Policy Text Block]	Accounts Receivable and Concentration of Credit Risk AMERX grants credit to customers, most of whom are national pharmaceutical distributors, drug stores nationwide and physicians. AMERX wholesales its products to national pharmaceutical distributors and drug stores at a sales term of 2/10, 30 2/10 30 The valuation of accounts receivable is based upon the credit-worthiness of customers as well as historical collection experience. Estimating the credit worthiness of customers and recoverability of customer accounts requires us to exercise considerable judgment. Allowances for doubtful accounts are recorded as a selling, general and administrative expense for estimated amounts expected to be uncollectible from third June 30, 2021 2020, $9,400 $9,400, 2% 3%
Inventory, Policy [Policy Text Block]	Inventories Inventories are valued at the lower of average cost or net realized value determined by the first first not 12
Property, Plant and Equipment, Policy [Policy Text Block]	Property and Equipment Property and equipment are stated at cost. Depreciation is computed on a straight-line basis over their estimated useful lives. Leased equipment is recorded at it's fair market value at the beginning of the lease term and is depreciated over the life of the equipment. Depreciation on leased equipment is included in depreciation expense.
Income Tax, Policy [Policy Text Block]	Deferred Income Taxes Deferred income taxes are recognized for the expected tax consequences in future years for differences between the tax bases of assets and liabilities and their financial reporting amounts, based upon exacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. The Company accounts for income taxes under Topic 740 no June 30, 2021. $144,619 June 30, 2020.
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair Value of Financial Instruments The carrying value of cash, accounts receivable, prepaid expenses, deposits, inventory, accounts payable and accrued expenses approximate fair value. Considerable judgement is required in interpreting market data to develop the estimates of fair value, and accordingly, the estimates are not
Shipping and Handling Cost, Policy [Policy Text Block]	Shipping and Handling Costs Shipping and handling costs incurred were approximately $221,000 $157,000 June 30, 2021, 2020,
Advertising Cost [Policy Text Block]	Advertising and Marketing The Company records advertising and marketing expenses in the periods in which they are incurred. During the years ended June 30, 2021 2020, $240,000 $400,000,
Share-based Payment Arrangement [Policy Text Block]	Stock Based Compensation In November 2020, 2020 “2020 The Company maintained the Procyon Corporation 2009 "2009 December 8, 2019. 2009 December 8, 2009. No may 2009 The 2009 2009 500,000 500,000 2009 250,000 September 27, 2016, June 30, 2016. 40,000 July 1, 2016 25,000 July 1, 2017. ten June 30, 2021, no 2009 1,000,000 2009 250,000 not 1933. Eligible participants under the 2009 may may Non-Qualified Stock Options granted under the 2009 not ten not 100% 2009 not ten five not 100% 110% The 2020 422 not one may The Board of Directors has authorized the issuance of 2,000,000 2020 2,000,000 2020 not 1933. no may 422 not ten five not 100% 110% first not $100,000. Non-Qualified Stock Options are Options that is not not not ten not 100% Effective June 30, 2021, 25,000 25,000 2021, July 1, 2020. September 24, 2021, June 30, 2021 ten .373 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. The Black-Scholes option valuation model was developed for estimating the fair value of traded options that have no not not Agreements to grant 40,000 25,000 September 27, 2016 August 23, 2017, June 30, 2016 June 30, 2017, 718 718" Effective as of June 30, 2021, 25,000 25,000 2021, July 1, 2020. June 30, 2021 ten .373 Additional information with respect to stock option activity is as follows: Number of Shares Weighted Average Exercise Price Outstanding at June 30, 2019 65,000 $ 0.17 Granted - $ - Exercised - $ - Cancelled - $ - Outstanding at June 30, 2020 65,000 $ 0.17 Granted 50,000 $ 0.37 Exercised - $ - Cancelled - $ - Outstanding at June 30, 2021 115,000 $ 0.26 Options exercisable at June 30, 2020 65,000 $ 0.17 Options exercisable at June 30, 2021 115,000 $ 0.26
Earnings Per Share, Policy [Policy Text Block]	Net Income Per Common Share The Company computes net income per share in accordance with Accounting Standards Codification Topic 260 260 260
Subsequent Events, Policy [Policy Text Block]	Subsequent Events We have evaluated subsequent events through September 29, 2021,

Note A - Summary of Significa_2

Note A - Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Jun. 30, 2021
Notes Tables
Share-based Payment Arrangement, Option, Activity [Table Text Block]	Number of Shares Weighted Average Exercise Price Outstanding at June 30, 2019 65,000 $ 0.17 Granted - $ - Exercised - $ - Cancelled - $ - Outstanding at June 30, 2020 65,000 $ 0.17 Granted 50,000 $ 0.37 Exercised - $ - Cancelled - $ - Outstanding at June 30, 2021 115,000 $ 0.26 Options exercisable at June 30, 2020 65,000 $ 0.17 Options exercisable at June 30, 2021 115,000 $ 0.26

Note B - Inventories (Tables)

Note B - Inventories (Tables)	12 Months Ended
	Jun. 30, 2021
Notes Tables
Schedule of Inventory, Current and Noncorrent [Table Text Block]	June 30, 2021 June 30, 2020 Finished Goods $ 683,771 $ 645,039 Raw Materials 170,567 160,242 $ 854,338 $ 805,281

Note C - Property and Equipme_2

Note C - Property and Equipment (Tables)	12 Months Ended
	Jun. 30, 2021
Notes Tables
Property, Plant and Equipment [Table Text Block]	As of June 30, 2021 Owned Capitalized Leases Total Office Equipment $ 223,018 $ 0 $ 223,018 Furniture and Fixtures 45,082 45,082 Software 26,021 26,021 Leasehold improvements 26,301 26,301 Production Equipment 26,249 26,249 Building 18,392 18,392 Land 0 0 0 365,063 0 365,063 Less accumulated depreciation (255,788 ) 0 (255,788 ) $ 109,275 $ 0 $ 109,275 As of June 30, 2020 Owned Capitalized Leases Total Office Equipment $ 178,404 $ 11,364 $ 189,768 Furniture and Fixtures 40,304 40,304 Software 26,021 26,021 Leasehold Improvements 95,329 95,329 Production Equipment 25,452 25,452 Building 492,559 492,559 Land 64,547 64,547 922,616 11,364 933,980 Less accumulated depreciation (469,761 ) (11,364 ) (481,125 ) $ 452,855 $ 0 $ 452,855

Note E - Accrued Expenses (Tabl

Note E - Accrued Expenses (Tables)	12 Months Ended
	Jun. 30, 2021
Notes Tables
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]	2021 2020 Accrued Payroll $ 131,187 $ 119,756 Accrued Paid Time Off 29,899 31,094 Accrued Professional Fees 50,916 49,278 Accrued Incentive Plan 55,398 51,746 Accrued Lease Liabiity 38,620 33,750 Other 9,861 3,842 Total $ 315,881 $ 289,466

Note H - Commitments and Cont_2

Note H - Commitments and Contingencies (Tables)	12 Months Ended
	Jun. 30, 2021
Notes Tables
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	2022 $ 177,915 2023 181,326 2024 184,805 2025 188,353 2026 141,062 $ 873,461

Note I - Stockholders' Equity (

Note I - Stockholders' Equity (Tables)	12 Months Ended
	Jun. 30, 2021
Notes Tables
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	Stock Price at Date of Grant $ .373 Risk-free interest rate 1.41 % Expected volatility of common stock 183.81 % Dividend yield 0 % Expected life of options (years) 10

Note J - Earnings Per Share (Ta

Note J - Earnings Per Share (Tables)	12 Months Ended
	Jun. 30, 2021
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Years Ended June 30, 2021 2020 Numerator: Net Income (Loss) $ 767,583 $ 111,658 Adjustment for basic earnings per share: Dividend requirements on preferred stock (16,710 ) (16,710 ) Numerator for basic earnings per share- Net income available to common stockholders $ 750,873 $ 94,948 Effect of dilutive securities: Numerator for diluted earnings per share-Net income available to common stockholder $ 750,873 $ 94,948 Denominator: Denominator for basic earnings per share-Weighted-average common shares 8,087,388 8,087,388 Effect of dilutive securities: Stock options 65,136 65,000 Weighted-average Dilutive potential common shares 167,100 167,100 Denominator for dilutive earnings per share-Adjusted weighted-average shares and assumed conversions 8,319,624 8,319,488 Basic Net Income per share $ 0.09 $ 0.01 Diluted Net Income per share $ 0.09 $ 0.01

Note K - Income Taxes and Ava_2

Note K - Income Taxes and Available Carryforward (Tables)	12 Months Ended
	Jun. 30, 2021
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Year ended June 30, 2021 Year ended June 30, 2020 Current Federal $ - $ - State - - - - Deferred Federal $ (53,281 ) $ (40,109 ) State (11,025 ) (8,298 ) $ (64,306 ) $ (48,407 )
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	Non-Current Deferred tax assets: NOL and contribution carryforwards $ 112,934 Share based payments 4,988 Lease Liabilities - operating leases 204,758 Accrued compensated absences 7,578 Accrued bonus 14,041 Allowance for doubtful accounts 2,384 346,683 Deferred tax (liabilities): Right of use assets - operating leases (223,630 ) Excess of tax over book depreciation (27,485 ) Total deferred tax (liabilities) (251,115 ) Net deferred tax asset (liability) 95,568 Valuation Allowance - Net deferred tax asset $ 95,568 The change in the valuation allowance is as follows: June 30, 2021 $ - June 30, 2020 (144,619 ) $ 144,619
Comprehensive Income (Loss) [Table Text Block]	2021 2020 Expected benefit (provision) at US statutory rate $ (174,963 ) $ (33,613 ) State income tax net of federal benefit (provision) (36,201 ) (6,955 ) Nondeductible expense (3,450 ) (6,412 ) Non Taxable Income 51,494 - Change in estimates of losses carryforward (45,805 ) (29,328 ) Change in valuation allowance 144,619 26,761 Other - 1,140 Income tax benefit (expense) $ (64,306 ) $ (48,407 )

Note P - Right-of-use Assets _2

Note P - Right-of-use Assets and Lease Liabilities (Tables)	12 Months Ended
	Jun. 30, 2021
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 $ 1,046,800 Amortization of ROU assets since lease inception (164,455 ) ROU assets - operating leases at June 30, 2021 $ 882,344 Lease liabilities - operating leases on adoption date $ 1,053,740 Payments on lease liabilities (245,858 ) Lease liabilities - operating leases on June 30, 2021 807,882 Lease liabilities - operating leases due in the 12 months ending June 30, 2022 154,022 Lease liabilities - operating leases due after June 30, 2022 $ 653,860

Note A - Summary of Significa_3

Note A - Summary of Significant Accounting Policies (Details Textual)	Jun. 30, 2021USD ($)$ / sharesshares	Jul. 01, 2017shares	Sep. 27, 2016shares	Jul. 01, 2016shares	Jun. 30, 2021USD ($)$ / sharesshares	Jun. 30, 2020USD ($)$ / sharesshares	Jun. 30, 2019shares
Number of Wholly Owned Subsidiaries							2
Cash, Uninsured Amount | $	$ 30				$ 30	$ 334,265
Percentage of Discount on Bill Payment Within Ten Days to Pharmaceutical Distributors and Drug Stores							2.00%
Term of Sale for Pharmaceutical Distributors and Drug Stores (Day)							30 days
Percentage of Discount on Bill Payment Within Ten Days to Physicians							2.00%
Standard Payment Term to Physicians (Day)							30 days
Accounts Receivable, Allowance for Credit Loss, Ending Balance | $	9,400				9,400	9,400
Deferred Tax Assets, Valuation Allowance, Total | $	$ 0				$ 0	$ 144,619
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares)					50,000
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in dollars per share) | $ / shares					$ 0.37
The 2009 Option Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares)	0				0
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares)							1,000,000
The 2009 Option Plan [Member] | Incentive Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares)							500,000
The 2009 Option Plan [Member] | Incentive Stock Options [Member] | Ten Percent Owners [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Purchase Price of Common Stock, Percent							110.00%
The 2009 Option Plan [Member] | Non-Qualified Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares)							500,000
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period (in shares)			250,000
The 2009 Option Plan [Member] | Share-based Payment Arrangement, Option [Member] | Justice Anderson [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares)		25,000		40,000
The 2020 Option Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares)	2,000,000				2,000,000
The 2020 Option Plan [Member] | Incentive Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Maximum Aggregate Fair Market Value Per First-time Participant | $	$ 100,000				$ 100,000
The 2020 Option Plan [Member] | Incentive Stock Options [Member] | Ten Percent Owners [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Purchase Price of Common Stock, Percent					110.00%
The 2020 Option Plan [Member] | Non-Qualified Stock Options [Member] | Chief Executive Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares)	25,000
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year)	10 years
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 0.373
The 2020 Option Plan [Member] | Non-Qualified Stock Options [Member] | Chief Financial Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares)	25,000
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year)	10 years
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 0.373
The 2020 Option Plan [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Per Award (in shares)	1				1
Selling, General and Administrative Expenses [Member]
Shipping and Handling Expense, Total | $					$ 221,000	$ 157,000
Marketing and Advertising Expense, Total | $					$ 240,000	$ 400,000
Maximum [Member]
Accounts Receivable, Allowance, Percentage	2.00%				2.00%	3.00%
Maximum [Member] | The 2009 Option Plan [Member] | Incentive Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year)							10 years
Maximum [Member] | The 2009 Option Plan [Member] | Non-Qualified Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year)							10 years
Maximum [Member] | The 2020 Option Plan [Member] | Incentive Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year)					10 years
Maximum [Member] | The 2020 Option Plan [Member] | Incentive Stock Options [Member] | Ten Percent Owners [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year)					5 years
Maximum [Member] | The 2020 Option Plan [Member] | Non-Qualified Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year)					10 years
Minimum [Member] | The 2009 Option Plan [Member] | Incentive Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Purchase Price of Common Stock, Percent							100.00%
Minimum [Member] | The 2009 Option Plan [Member] | Incentive Stock Options [Member] | Ten Percent Owners [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year)							5 years
Minimum [Member] | The 2009 Option Plan [Member] | Non-Qualified Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Purchase Price of Common Stock, Percent							100.00%
Minimum [Member] | The 2020 Option Plan [Member] | Incentive Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Purchase Price of Common Stock, Percent					100.00%
Minimum [Member] | The 2020 Option Plan [Member] | Non-Qualified Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Purchase Price of Common Stock, Percent					100.00%

Note A - Summary of Significa_4

Note A - Summary of Significant Accounting Policies - Stock Option Activity (Details)	12 Months Ended
	Jun. 30, 2021$ / sharesshares	Jun. 30, 2020$ / sharesshares
Outstanding, options (in shares) | shares	65,000	65,000
Outstanding options, weighted average exercise price (in dollars per share) | $ / shares	$ 0.17	$ 0.17
Granted (in shares) | shares	50,000
Granted, weighted average exercise price (in dollars per share) | $ / shares	$ 0.37
Exercised (in shares) | shares
Exercised, weighted average exercise price (in dollars per share) | $ / shares
Cancelled (in shares) | shares
Cancelled, weighted average exercise price (in dollars per share) | $ / shares
Outstanding, options (in shares) | shares	115,000	65,000
Outstanding options, weighted average exercise price (in dollars per share) | $ / shares	$ 0.26	$ 0.17
Options exercisable (in shares) | shares	115,000	65,000
Options exercisable, weighted average exercise price (in dollars per share) | $ / shares	$ 0.26	$ 0.17

Note B - Inventories (Details T

Note B - Inventories (Details Textual) - USD ($)	Jun. 30, 2021	Jun. 30, 2020
Inventory, Noncurrent, Total	$ 263,280	$ 83,812

Note B - Inventories - Inventor

Note B - Inventories - Inventories (Details) - USD ($)	Jun. 30, 2021	Jun. 30, 2020
Finished Goods	$ 683,771	$ 645,039
Raw Materials	170,567	160,242
Inventory, Gross, Total	$ 854,338	$ 805,281

Note C - Property and Equipme_3

Note C - Property and Equipment (Details Textual) - USD ($)	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Depreciation, Total	$ 43,331	$ 53,942

Note C - Property and Equipme_4

Note C - Property and Equipment - Property and Equipment (Details) - USD ($)	Jun. 30, 2021	Jun. 30, 2020
Property and equipment, owned	$ 365,063	$ 922,616
Property and equipment, capitalized leases	0	11,364
Property and equipment, gross	365,063	933,980
Less accumulated depreciation, owned	(255,788)	(469,761)
Less accumulated depreciation, capitalized leases	0	(11,364)
Less accumulated depreciation	(255,788)	(481,125)
Property and equipment, net, owned	109,275	452,855
Property and equipment, net, capitalized leases	0	0
Property and equipment, net	109,275	452,855
Office Equipment [Member]
Property and equipment, owned	223,018	178,404
Property and equipment, capitalized leases	0	11,364
Property and equipment, gross	223,018	189,768
Furniture and Fixtures [Member]
Property and equipment, owned	45,082	40,304
Property and equipment, gross	45,082	40,304
Software [Member]
Property and equipment, owned	26,021	26,021
Property and equipment, gross	26,021	26,021
Leasehold Improvements [Member]
Property and equipment, owned	26,301	95,329
Property and equipment, gross	26,301	95,329
Production Equipment [Member]
Property and equipment, owned	26,249	25,452
Property and equipment, gross	26,249	25,452
Building [Member]
Property and equipment, owned	18,392	492,559
Property and equipment, gross	18,392	492,559
Land [Member]
Property and equipment, owned	0	64,547
Property and equipment, gross	$ 0	$ 64,547

Note D - Intangible Assets (Det

Note D - Intangible Assets (Details Textual)	12 Months Ended
	Jun. 30, 2017USD ($)
Formulation of Care Lotion [Member]
Finite-lived Intangible Assets Acquired	$ 17,000

Note E - Accrued Expenses - Acc

Note E - Accrued Expenses - Accrued Expenses (Details) - USD ($)	Jun. 30, 2021	Jun. 30, 2020
Accrued Payroll	$ 131,187	$ 119,756
Accrued Paid Time Off	29,899	31,094
Accrued Professional Fees	50,916	49,278
Accrued Incentive Plan	55,398	51,746
Accrued Lease Liabiity	38,620	33,750
Other	9,861	3,842
Total	$ 315,881	$ 289,466

Note F - Line of Credit (Detail

Note F - Line of Credit (Details Textual) - USD ($)	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2019
Line of Credit Facility, Maximum Borrowing Capacity	$ 250,000		$ 250,000
Long-term Line of Credit, Total	0	$ 0
Interest Expense, Total	$ 0	$ 0

Note G - Paycheck Protection _2

Note G - Paycheck Protection Program Loan (Details Textual) - USD ($)	Jun. 30, 2020	Apr. 13, 2020
Paycheck Protection Program CARES Act [Member]
Notes Payable, Total	$ 201,000	$ 201,000

Note H - Commitments and Cont_3

Note H - Commitments and Contingencies (Details Textual) - USD ($)	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Operating Lease, Expense	$ 31,091	$ 29,193

Note H - Commitments and Cont_4

Note H - Commitments and Contingencies - Minimum Lease Payments (Details) - Lease for Office Space, Warehouse Space and Certain Equipment [Member]	Jun. 30, 2021USD ($)
2022	$ 177,915
2023	181,326
2024	184,805
2025	188,353
2026	141,062
Lessee, Operating Lease, Liability, to be Paid, Total	$ 873,461

Note I - Stockholders' Equity_2

Note I - Stockholders' Equity (Details Textual) - USD ($)	1 Months Ended	12 Months Ended
	Jan. 31, 1995	Jun. 30, 2021	Jun. 30, 2020
Preferred Stock, Shares Authorized (in shares)		496,000,000	496,000,000
Share Price (in dollars per share)		$ 0.373
Share-based Payment Arrangement, Expense		$ 19,679	$ 0
Minimum [Member]
Share Price (in dollars per share)		$ 1
Convertible Preferred Stock [Member]
Preferred Stock, Shares Authorized (in shares)	4,000,000	4,000,000	4,000,000
Preferred Stock, Dividend Rate, Per-Dollar-Amount (in dollars per share)	$ 0.10
Dividends, Preferred Stock, Total		$ 0
Preferred Stock, Amount of Preferred Dividends in Arrears		$ 404,516
Preferred Stock, Per Share Amounts of Preferred Dividends in Arrears (in dollars per share)		$ 2.42
Convertible Preferred Stock, Shares Issued upon Conversion (in shares)		1

Note I - Stockholders' Equity -

Note I - Stockholders' Equity - Summary of Stock Option Valuation Assumptions (Details)	12 Months Ended
	Jun. 30, 2021$ / shares
Stock Price at Date of Grant (in dollars per share)	$ 0.373
Risk-free interest rate	1.41%
Expected volatility of common stock	183.81%
Dividend yield	0.00%
Expected life of options (Year)	10 years

Note J - Earnings Per Share - E

Note J - Earnings Per Share - Earnings Per Share (Details) - USD ($)	3 Months Ended								12 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2021	Jun. 30, 2020
Net Income	$ 452,460	$ 21,714	$ 74,313	$ 219,096	$ (27,907)	$ 55,929	$ (204)	$ 83,840	$ 767,583	$ 111,658
Dividend requirements on preferred stock									(16,710)	(16,710)
Numerator for basic earnings per share- Net income available to common stockholders									750,873	94,948
Numerator for diluted earnings per share-Net income available to common stockholder									$ 750,873	$ 94,948
Weighted average number of common shares outstanding (in shares)									8,087,388	8,087,388
Effect of dilutive securities: Stock options (in shares)									65,136	65,000
Weighted-average Dilutive potential common shares (in shares)									167,100	167,100
Denominator for dilutive earnings per share-Adjusted weighted-average shares and assumed conversions (in shares)									8,319,624	8,319,488
Basic net income per common share (in dollars per share)									$ 0.09	$ 0.01
Diluted net income per common share (in dollars per share)									$ 0.09	$ 0.01

Note K - Income Taxes and Ava_3

Note K - Income Taxes and Available Carryforward (Details Textual) - USD ($)	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Apr. 13, 2020
Operating Loss Carryforwards, Total	$ 446,000
Effective Income Tax Rate Reconciliation, Percent, Total	25.35%	25.35%
Paycheck Protection Program CARES Act [Member]
Notes Payable, Total		$ 201,000	$ 201,000

Note K - Income Taxes and Ava_4

Note K - Income Taxes and Available Carryforward - Provision for Income Tax Expense (Details) - USD ($)	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Federal
State
Federal	53,281	40,109
State	(11,025)	(8,298)
Deferred Federal, State and Local, Tax Expense (Benefit), Total	$ (64,306)	$ (48,407)

Note K - Income Taxes and Ava_5

Note K - Income Taxes and Available Carryforward - Deferred Tax Assets and Liabilities (Details) - USD ($)	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
NOL and contribution carryforwards	$ 112,934
Share based payments	4,988
Lease Liabilities - operating leases	204,758
Accrued compensated absences	7,578
Accrued bonus	14,041
Allowance for doubtful accounts	2,384
Deferred Tax Assets, Gross, Total	346,683
Right of use assets - operating leases	(223,630)
Excess of tax over book depreciation	(27,485)
Total deferred tax (liabilities)	(251,115)
Net deferred tax asset (liability)	95,568
Valuation Allowance	0	$ (144,619)
Net deferred tax asset	95,568
Valuation allowance	0	(144,619)
Change in valuation allowance	$ 144,619

Note K - Income Taxes and Ava_6

Note K - Income Taxes and Available Carryforward - Income Taxes Reconciliation (Details) - USD ($)	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Expected benefit (provision) at US statutory rate	$ (174,963)	$ (33,613)
State income tax net of federal benefit (provision)	(36,201)	(6,955)
Nondeductible expense	(3,450)	(6,412)
Non Taxable Income	51,494
Change in estimates of losses carryforward	(45,805)	(29,328)
Change in valuation allowance	144,619	26,761
Other		1,140
Income tax benefit (expense)	$ (64,306)	$ (48,407)

Note M - Major Customer (Detail

Note M - Major Customer (Details Textual)	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Revenue Benchmark [Member] | Customer Concentration Risk [Member]
Number of Major Customers	1	0

Note N - Research and Develop_2

Note N - Research and Development (Details Textual) - USD ($)	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Research and Development Expense, Total	$ 30,900	$ 23,093

Note P - Right-of-use Assets _3

Note P - Right-of-use Assets and Lease Liabilities (Details Textual) - USD ($)	1 Months Ended				12 Months Ended
	Jan. 31, 2021	Aug. 31, 2020	Feb. 28, 2018	Jun. 30, 2015	Jun. 30, 2021	Jun. 30, 2020	Sep. 30, 2020
Variable Lease, Cost					$ 133,531	$ 46,666
Operating Lease, Weighted Average Remaining Lease Term (Year)					4 years 270 days
Operating Lease, Weighted Average Discount Rate, Percent					3.29%
Operating Lease For Office Equipment [Member]
Lessee, Operating Lease, Term of Contract (Month)				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%
Operating Lease for Warehouse [Member]
Lessee, Operating Lease, Term of Contract (Month)	5 years 120 days		3 years 90 days
Lessee, Operating Lease, Maximum Yearly Increase of Rent	5.00%
Lessee, Operating Lease, Discount Rate	3.25%		5.50%
Lessee, Operating Lease, Rent Per Month, First Three Months			$ 0
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
Lessee, Operating Lease, Rent Per Month, First Four Months	$ 0
Lessee, Operating Lease, Rent Per Month, Beginning 5th Month	$ 4,792.50
Lessee, Operating Lease, Minimum Yearly Increase of Rent	2.00%
Operating Lease for Certain Office Equipment [Member]
Lessee, Operating Lease, Term of Contract (Month)		5 years 90 days
Lessee, Operating Lease, Rent Per Month		$ 574
Lessee, Operating Lease, Discount Rate		4.25%
Operating Lease for Office Space [Member]
Lessee, Operating Lease, Term of Contract (Month)	5 years 120 days
Lessee, Operating Lease, Maximum Yearly Increase of Rent	5.00%
Lessee, Operating Lease, Discount Rate	3.25%
Lessee, Operating Lease, Rent Per Month, First Four Months	$ 0
Lessee, Operating Lease, Rent Per Month, Beginning 5th Month	$ 9,372
Lessee, Operating Lease, Minimum Yearly Increase of Rent	2.00%
Operating Lease, Initial Direct Cost Expense, over Term	$ 114,083

Note P - Right-of-use Assets _4

Note P - Right-of-use Assets and Lease Liabilities - Right-of-use Assets and Liabilities (Details) - USD ($)	73 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
ROU assets - operating leases obtained in exchange for lease liabilities - operating leases	$ 1,046,800
Amortization of ROU assets since lease inception	(164,455)
ROU assets - operating leases at June 30, 2021	882,344	$ 30,245
Lease liabilities - operating leases on adoption date	1,053,740
Payments on lease liabilities	(245,858)
Lease liabilities - operating leases on June 30, 2021	807,882
Lease liabilities - operating leases due in the 12 months ending June 30, 2022	154,022
Lease liabilities - operating leases due after June 30, 2022	$ 653,860