v3.22.2.2
Lease Agreements
3 Months Ended
Sep. 30, 2022
Lease Agreements [Abstract]  
Lease Agreements

Note 6 - Lease Agreements

 

Financing Lease Agreements

 

The Company leases offices, warehouses and equipment under financing lease agreements with monthly installments of $22,723 (ranging from $245 to $9,664), expiring through December 2024. 

 

  

September 30, 2022

 

June 30, 2022

Right-of-use assets:

 

  

 

Operating right-of-use assets

$159,791

$179,512

Operating lease liabilities:

 

 

Current portion of long term payable

80,867

80,096

 

Financing leases payable, less current portion

78,924

99,416

 

 

 

 

Total operating lease liabilities

$159,791

$179,512

 

As of September 30, 2022, financing lease maturities are as follows:

 

Period ending September 30,

 

2023

$ 80,867

2024

66,544

2025

12,380

 

$159,791

 

As of September 30, 2022, the weighted average remaining lease term was 1.50 years.