Procyon (PCYN) 10-Q 19 Nov 21 2022 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Sep. 30, 2021	Nov. 16, 2021
Document Information [Line Items]
Entity Central Index Key	0000812306
Entity Registrant Name	PROCYON CORP
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2022
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2021
Document Transition Report	false
Entity File Number	0-17449
Entity Incorporation, State or Country Code	CO
Entity Tax Identification Number	59-3280822
Entity Address, Address Line One	164 Douglas Road East
Entity Address, City or Town	Oldsmar
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	34677
City Area Code	727
Local Phone Number	447-2998
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		8,087,388

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Sep. 30, 2021	Jun. 30, 2021
CURRENT ASSETS
Cash	$ 1,015,495	$ 1,226,522
Certificates of Deposit, plus accrued interest	280,438	280,438
Accounts Receivable, less allowance for doubtfull accounts of $9,408 and $9,408 respectively.	640,054	497,358
Inventories	712,800	591,058
Prepaid Expenses	277,949	276,251
TOTAL CURRENT ASSETS	2,926,736	2,871,627
PROPERTY AND EQUIPMENT, NET	121,534	109,275
OTHER ASSETS
Deposits	2,443	3,235
Inventories	263,770	263,280
Intangible Asset	17,000	17,000
ROU Assets - Operating Leases	838,762	882,344
Deferred Tax Asset, Net of Valuation Allowance of $6,288 and $0, respectively	96,657	120,430
Assets, Noncurrent, Excluding Property, Plant and Equipment	1,218,632	1,286,289
TOTAL ASSETS	4,266,902	4,267,191
CURRENT LIABILITIES
Accounts Payable	254,088	167,588
Accrued Expenses	322,606	413,977
Lease Liability, Current	156,126	154,022
TOTAL CURRENT LIABILITIES	732,820	735,587
LONG TERM LIABILITIES
Lease Liability - Long Term	613,856	653,860
TOTAL LONG TERM LIABILITIES	613,856	653,860
TOTAL LIABILITIES	1,346,676	1,389,447
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY
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	35,564	35,564
Accumulated Deficit	(1,686,964)	(1,729,446)
TOTAL STOCKHOLDERS' EQUITY	2,920,226	2,877,744
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	4,266,902	4,267,191
Convertible Preferred Stock [Member]
STOCKHOLDERS' EQUITY
Series A Cumulative Convertible Preferred Stock, no par value; 4,000,000 shares authorized; 167,100 shares issued and outstanding.	$ 126,860	$ 126,860

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ / shares in Thousands	Sep. 30, 2021	Jun. 30, 2021
Accounts Receivable, allowance for doubtful accounts	$ 9,408	$ 9,408
Valuation allowance	$ 6,288	$ 0
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 (Unaudited) - USD ($)	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
NET SALES	$ 1,189,978	$ 1,246,243
COST OF SALES	328,253	334,320
GROSS PROFIT	861,725	911,923
OPERATING EXPENSES
Salaries and Benefits	439,459	412,254
Selling, General and Administrative	356,382	283,120
Operating Costs and Expenses, Total	795,841	695,374
INCOME FROM OPERATIONS	65,884	216,549
OTHER INCOME
Interest Income	371	283
Nonoperating Income (Expense), Total	371	283
INCOME BEFORE INCOME TAXES	66,255	216,832
INCOME TAX (EXPENSE)	(23,773)	2,264
NET INCOME	42,482	219,096
Dividend requirements on preferred stock	(4,177)	(4,177)
Basic net income available to common shares	$ 38,305	$ 214,919
Basic net income per common share (in dollars per share)	$ 0	$ 0.03
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	$ 0.03
Weighted average number of common shares outstanding, diluted (in shares)	8,332,228	8,319,488

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - 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, 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 (Loss)	$ 0	$ 0	0	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, 2021	167,100	8,087,388
Balance at Jun. 30, 2021	$ 126,860	$ 4,444,766	35,564	(1,729,446)	2,877,744
Net Income (Loss)	$ 0	$ 0	0	42,482	42,482
Balance (in shares) at Sep. 30, 2021	167,100	8,087,388
Balance at Sep. 30, 2021	$ 126,860	$ 4,444,766	$ 35,564	$ (1,686,964)	$ 2,920,226

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income (Loss)	$ 42,482	$ 219,096
Depreciation	8,215	11,413
Right of Use Asset Amortization	43,582	11,764
Deferred Income Taxes	17,485	54,375
Valuation Allowance	6,288	(56,639)
Accrued Interest on Certificates of Deposit	0	(143)
Decrease (increase) in:
Accounts Receivable	(142,696)	(162,625)
Deposits	792	0
Inventory	(122,232)	104,953
Prepaid Expenses	(1,698)	(58,305)
ROU Asset	0	(34,798)
Increase (decrease) in:
Accounts Payable	86,500	(95,752)
Accrued Expenses	(91,371)	(34,307)
NET CASH (USED IN) / PROVIDED BY OPERATING ACTIVITIES	(152,653)	(40,968)
CASH FLOW FROM INVESTING ACTIVITIES
Purchase of property & equipment	(20,474)	(6,786)
NET CASH (USED IN) INVESTING ACTIVITIES	(20,474)	(6,786)
CASH FLOW FROM FINANCING ACTIVITIES
Increase in Operating Lease Liability	(37,900)	55,603
NET CASH PROVIDED BY /(USED IN) FINANCING ACTIVITIES	(37,900)	55,603
NET CHANGE IN CASH	(211,027)	7,849
CASH AT BEGINNING OF PERIOD	1,226,522	665,834
CASH AT END OF PERIOD	1,015,495	673,683
SUPPLEMENTAL DISCLOSURES
Interest Paid	0	0
Taxes Paid	$ 0	$ 0

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Unaudited) (Parentheticals)	3 Months Ended
	Sep. 30, 2020USD ($)
Increase (Decrease) in Operating Lease Right-of-use Asset	$ 34,798
Increase (Decrease) in Operating Lease Liability	$ 34,798

Note A - Summary of Accounting

Note A - Summary of Accounting Policies	3 Months Ended
	Sep. 30, 2021
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, 2021, 10 November 12, 2021, June 30, 2021 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, On September 30, 2021, 2009 2020 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 options granted during the quarter ended September 30, 2021. 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 three September 30, 2021, 2020,

Note B - Inventories

Note B - Inventories	3 Months Ended
	Sep. 30, 2021
Notes to Financial Statements
Inventory Disclosure [Text Block]	NOTE B - INVENTORIES Inventories consisted of the following: September 30, June 30, 2021 2021 Finished Goods $ 764,589 $ 683,771 Raw Materials 211,981 170,567 $ 976,570 $ 854,338 At September 30, 2021 June 30, 2021, not one

Note C - Stockholders' Equity

Note C - Stockholders' Equity	3 Months Ended
	Sep. 30, 2021
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	NOTE C - STOCKHOLDERS' EQUITY During January 1995, $.10 September 30, 2021, September 30, 2021. 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

Note D - Income Taxes and Avail

Note D - Income Taxes and Available Carryforward	3 Months Ended
	Sep. 30, 2021
Notes to Financial Statements
Income Tax Disclosure [Text Block]	NOTE D - INCOME TAXES AND AVAILABLE CARRYFORWARD As of September 30, 2021, 2035. 382 The components of the provision for income tax (expense) attributable to continuing operations are as follows: Three Months 9/30/2021 Three Months 9/30/2020 Current Federal $ 0 $ 0 State 0 0 $ 0 $ 0 Deferred Federal $ (19,698 ) $ 1,876 State (4,075 ) 388 $ (23,773 ) $ 2,264 Total Income Tax Benefit / (Expense) $ (23,773 ) $ 2,264 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 $ 113,759 Share based payments 4,988 Lease liabilities - operating leases 195,152 Accrued compensated absences 5,019 Accrued bonus 24,862 Allowance for doubtful accounts 2,384 Total deferred tax assets 346,164 Deferred tax (liabilities) Right-of-use-assets - operating leases (212,584 ) Excess of tax over book depreciation (30,635 ) Total deferred tax (liabilities) (243,219 ) Total deferred tax asset 102,945 Valuation Allowance (6,288 ) Net Deferred Tax Asset $ 96,657 The change in the valuation allowance is as follows: June 30, 2021 $ - September 30, 2021 $ 6,288 $ 6,288 Income taxes for the three September 30, 2021 2020 25.35% Three Months Three Months September 30, 2021 September 30, 2020 Expected (provision) at US statutory rate $ (14,024 ) $ (45,535 ) State income tax net of federal (provision) (2,902 ) (9,421 ) Nondeductible Expense (559 ) (952 ) Change in estimates of loss carryforward - 1,534 Change in valuation allowance (6,288 ) $ 56,638 Income Tax (Expense) $ (23,773 ) $ 2,264 The earliest tax year still subject to examination by a major taxing jurisdiction is fiscal year end June 30, 2018. The Company performed a review of its uncertain tax positions in accordance with Accounting Standards Codification ASC 740 10 not no

Note E - Line of Credit

Note E - Line of Credit	3 Months Ended
	Sep. 30, 2021
Notes to Financial Statements
Debt Disclosure [Text Block]	NOTE E - LINE OF CREDIT A new line of credit was procured in June 2021, June 30, 2022. Interest expense for the years ended June 30, 2021 September 30, 2021, The line of credit is guaranteed by Justice W. Anderson, President and Chief Executive Officer.

Note F - Paycheck Protection Pr

Note F - Paycheck Protection Program Loan	3 Months Ended
	Sep. 30, 2021
PPP Loan [Member]
Notes to Financial Statements
Unusual or Infrequent Items, or Both, Disclosure [Text Block]	NOTE F - 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 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 by the SBA in May 2021.

Note G - Recent Accounting Pron

Note G - Recent Accounting Pronouncements	3 Months Ended
	Sep. 30, 2021
Notes to Financial Statements
Accounting Standards Update and Change in Accounting Principle [Text Block]	NOTE G - RECENT ACCOUNTING PRONOUNCEMENTS In June 2016, No. 2016 13, 326 {44ASU 2016 13" 2016 13 December 15, 2020 October 2019, December 15, 2022, July 1, 2023.

Note H - Right-of-use Assets an

Note H - Right-of-use Assets and Lease Liabilities	3 Months Ended
	Sep. 30, 2021
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	NOTE H - RIGHT-OF-USE ASSETS AND LEASE LIABILITIES Operating leases In June 2015, one no 842, 63 September 2020. September 30, 2020. In February 2018, first three 12 8 4 12 842, 39 In August 2020, not 842, 63 In January 2021, first four 5th no not 842, In January 2021, first four 5th no not 842, 64 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 $ 973,081 Amortization of ROU assets since lease inception $ (134,319 ) ROU assets - operating leases at September 30, 2021 $ 838,762 Lease liabilities - operating leases on adoption date and increase in lease liabilities $ 973,081 Payments on lease liabilities (203,099 ) Lease liabilities - operating leases on September 30, 2021 769,982 Lease liabilities - operating leases due in the 12 months ending September 30, 2022 156,126 Lease liabilities - operating leases due after September 30, 2022 $ 613,856 Variable lease expense was $50,020 and $12,282 for the three September 30, 2021 2020, Weighted average remaining lease term was 4.49 years and weighted average discount rate was 3.29% at September 30, 2021.

Note I - Contingency

Note I - Contingency	3 Months Ended
	Sep. 30, 2021
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	NOTE I - CONTINGENCY At the time of release of these financial statements, the United States is experiencing a National Emergency related to persistent health issues. Management is unable to quantify the potential duration and economic impact of mandated closures by our National, State or Local governments.

Note J - Subsequent Events

Note J - Subsequent Events	3 Months Ended
	Sep. 30, 2021
Notes to Financial Statements
Subsequent Events [Text Block]	NOTE J - SUBSEQUENT EVENTS We have evaluated subsequent events through November 17, 2021,

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Sep. 30, 2021
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, On September 30, 2021, 2009 2020 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 options granted during the quarter ended September 30, 2021. 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 three September 30, 2021, 2020,

Note B - Inventories (Tables)

Note B - Inventories (Tables)	3 Months Ended
	Sep. 30, 2021
Notes Tables
Schedule of Inventory, Current and Noncorrent [Table Text Block]	September 30, June 30, 2021 2021 Finished Goods $ 764,589 $ 683,771 Raw Materials 211,981 170,567 $ 976,570 $ 854,338

Note D - Income Taxes and Ava_2

Note D - Income Taxes and Available Carryforward (Tables)	3 Months Ended
	Sep. 30, 2021
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Three Months 9/30/2021 Three Months 9/30/2020 Current Federal $ 0 $ 0 State 0 0 $ 0 $ 0 Deferred Federal $ (19,698 ) $ 1,876 State (4,075 ) 388 $ (23,773 ) $ 2,264 Total Income Tax Benefit / (Expense) $ (23,773 ) $ 2,264
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	Non-Current Deferred tax assets NOL and contribution carryforwards $ 113,759 Share based payments 4,988 Lease liabilities - operating leases 195,152 Accrued compensated absences 5,019 Accrued bonus 24,862 Allowance for doubtful accounts 2,384 Total deferred tax assets 346,164 Deferred tax (liabilities) Right-of-use-assets - operating leases (212,584 ) Excess of tax over book depreciation (30,635 ) Total deferred tax (liabilities) (243,219 ) Total deferred tax asset 102,945 Valuation Allowance (6,288 ) Net Deferred Tax Asset $ 96,657 The change in the valuation allowance is as follows: June 30, 2021 $ - September 30, 2021 $ 6,288 $ 6,288
Comprehensive Income (Loss) [Table Text Block]	Three Months Three Months September 30, 2021 September 30, 2020 Expected (provision) at US statutory rate $ (14,024 ) $ (45,535 ) State income tax net of federal (provision) (2,902 ) (9,421 ) Nondeductible Expense (559 ) (952 ) Change in estimates of loss carryforward - 1,534 Change in valuation allowance (6,288 ) $ 56,638 Income Tax (Expense) $ (23,773 ) $ 2,264

Note H - Right-of-use Assets _2

Note H - Right-of-use Assets and Lease Liabilities (Tables)	3 Months Ended
	Sep. 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 $ 973,081 Amortization of ROU assets since lease inception $ (134,319 ) ROU assets - operating leases at September 30, 2021 $ 838,762 Lease liabilities - operating leases on adoption date and increase in lease liabilities $ 973,081 Payments on lease liabilities (203,099 ) Lease liabilities - operating leases on September 30, 2021 769,982 Lease liabilities - operating leases due in the 12 months ending September 30, 2022 156,126 Lease liabilities - operating leases due after September 30, 2022 $ 613,856

Note A - Summary of Accountin_2

Note A - Summary of Accounting Policies (Details Textual)	3 Months Ended
	Sep. 30, 2021shares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares)	0
The 2009 Option Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance (in shares)	65,000
The 2020 Option Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance (in shares)	50,000

Note B - Inventories (Details T

Note B - Inventories (Details Textual) - USD ($)	Sep. 30, 2021	Jun. 30, 2021
Inventory, Noncurrent, Total	$ 263,770	$ 263,280

Note B - Inventories - Inventor

Note B - Inventories - Inventories (Details) - USD ($)	Sep. 30, 2021	Jun. 30, 2021
Finished Goods	$ 764,589	$ 683,771
Raw Materials	211,981	170,567
Inventory, Gross, Total	$ 976,570	$ 854,338

Note C - Stockholders' Equity (

Note C - Stockholders' Equity (Details Textual) - USD ($)	1 Months Ended	3 Months Ended
	Jan. 31, 1995	Sep. 30, 2021	Jun. 30, 2021
Preferred Stock, Shares Authorized (in shares)		496,000,000	496,000,000
Preferred Stock, Amount of Preferred Dividends in Arrears		$ 408,694
Minimum [Member]
Proceeds From Public Offering Required for Mandatory Conversion		$ 1,000,000
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
Convertible Preferred Stock, Shares Issued upon Conversion (in shares)		1
Conversion of Stock, Shares Converted (in shares)		0

Note D - Income Taxes and Ava_3

Note D - Income Taxes and Available Carryforward (Details Textual) - USD ($)	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Operating Loss Carryforwards, Total	$ 449,000
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
	Sep. 30, 2021	Sep. 30, 2020
Federal	$ 0	$ 0
State	0	0
Current Federal, State and Local, Tax Expense (Benefit), Total	0	0
Federal	19,698	(1,876)
State	(4,075)	388
Deferred Federal, State and Local, Tax Expense (Benefit), Total	(23,773)	2,264
Total Income Tax Benefit / (Expense)	$ (23,773)	$ 2,264

Note D - Income Taxes and Ava_5

Note D - Income Taxes and Available Carryforward - Deferred Tax Assets and Liabilities (Details) - USD ($)	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Jun. 30, 2021
NOL and contribution carryforwards	$ 113,759
Share based payments	4,988
Lease liabilities - operating leases	195,152
Accrued compensated absences	5,019
Accrued bonus	24,862
Allowance for doubtful accounts	2,384
Total deferred tax assets	346,164
Right-of-use-assets - operating leases	(212,584)
Excess of tax over book depreciation	(30,635)
Total deferred tax (liabilities)	(243,219)
Total deferred tax asset	102,945
Valuation Allowance	(6,288)		$ 0
Net Deferred Tax Asset	96,657		120,430
Valuation allowance	6,288		$ 0
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	$ 6,288	$ (56,639)

Note D - Income Taxes and Ava_6

Note D - Income Taxes and Available Carryforward - Income Taxes Reconciliation (Details) - USD ($)	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Expected (provision) at US statutory rate	$ (14,024)	$ (45,535)
State income tax net of federal (provision)	(2,902)	(9,421)
Nondeductible Expense	(559)	(952)
Change in estimates of loss carryforward	0	1,534
Change in valuation allowance	(6,288)	56,638
Total Income Tax Benefit / (Expense)	$ (23,773)	$ 2,264

Note E - Line of Credit (Detail

Note E - Line of Credit (Details Textual) - USD ($)	3 Months Ended	12 Months Ended
	Sep. 30, 2021	Jun. 30, 2021
Line of Credit Facility, Maximum Borrowing Capacity		$ 250,000
Interest Expense, Debt, Total	$ 0	$ 0

Note F - Paycheck Protection _2

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

Note H - Right-of-use Assets _3

Note H - Right-of-use Assets and Lease Liabilities (Details Textual) - USD ($)	1 Months Ended				3 Months Ended
	Jan. 31, 2021	Aug. 31, 2020	Feb. 28, 2018	Jun. 30, 2015	Sep. 30, 2021	Sep. 30, 2020
Variable Lease, Cost					$ 50,020	$ 12,282
Operating Lease, Weighted Average Remaining Lease Term (Year)					4 years 5 months 26 days
Operating Lease, Weighted Average Discount Rate, Percent					3.29%
Operating Lease For Office Equipment [Member]
Lessee, Operating Lease, Term of Contract (Month)				63 months
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)	64 months		39 months
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)		63 months
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)	64 months
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 H - Right-of-use Assets _4

Note H - Right-of-use Assets and Lease Liabilities - Right-of-use Assets and Liabilities (Details) - USD ($)	76 Months Ended
	Sep. 30, 2021	Jun. 30, 2021
ROU assets - operating leases obtained in exchange for lease liabilities - operating leases	$ 973,081
Amortization of ROU assets since lease inception	(134,319)
ROU assets - operating leases	838,762	$ 882,344
Lease liabilities - operating leases on adoption date and increase in lease liabilities	973,081
Payments on lease liabilities	(203,099)
Lease liabilities - operating leases	769,982
Lease liabilities - operating leases due in the 12 months ending September 30, 2022	156,126	154,022
Lease liabilities - operating leases due after September 30, 2022	$ 613,856	$ 653,860