Annual report [Section 13 and 15(d), not S-K Item 405]

Income Taxes (Tables)

v3.25.2
Income Taxes (Tables)
12 Months Ended
Jun. 30, 2025
Income Tax Disclosure [Abstract]  
Schedule of Effective Income Tax Rate

 

    2025     2024  
U.S. statutory federal income tax rate     21.0 %     21.0 %
Change in valuation allowance     -18.5 %     -21.0 %
Other     -2.5 %     0.0 %
Effective tax rate     0.0 %     0.0 %
Schedule of Deferred Tax Assets

The significant components of the Company’s deferred tax assets consist of the following at June 30, 2025 and 2024:

 

         
    June 30,  
    2025     2024  
Deferred tax assets:                
Net operating loss carryforwards   $ 5,149,067     $ 3,738,702  
Other assets and liabilities     204,750       226,530  
Stock- based compensation     549,745       457,501  
Capitalized research and development expenditures     2,075,163       1,985,585  
Gross deferred tax assets     7,978,725       6,408,318  
Valuation allowance   $ (7,978,725)     $ (6,408,318 )
Total deferred tax assets, net of valuation allowance     -       -