v3.21.2
Lease Agreements
3 Months Ended
Sep. 30, 2021
Leases [Abstract]  
Lease Agreements

Note 7 - Lease Agreements

Financing Lease Agreements

The Company leases offices, warehouses and equipment under financing lease agreements with monthly installments of $20,674 (ranging from $245 to $9,664) over 2-year terms, expiring through December 2024.

Right-of-use assets:

Operating right-of-use assets

$

222,336

Operating lease liabilities:

Current portion of long term payable

153,273

Financing leases payable, less current portion

69,063

 

Total financing lease liabilities

$

222,336

As of September 30, 2021, financing lease maturities are as follows:

Period ending September 30,

2022

$

153,273

2023

65,388

2024

2,940

2025

735

$

222,336

As of September 30, 2021, the weighted average remaining lease term was 1.46 years.