v3.22.4
Lease Agreements
6 Months Ended
Dec. 31, 2022
Lease Agreements [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 $22,723 (ranging from $245 to $9,664), expiring through December 2024. 

 

 

 

December 31, 2022

 

June 30, 2022

Right-of-use assets:

 

 

 

 

Operating right-of-use assets

$149,891

 

$179,512

Operating lease liabilities:

 

  

 

Current portion of long term payable

81,605

 

80,096

 

Financing leases payable, less current portion

68,286

 

99,416

 

Total operating lease liabilities

$149,891

 

$179,512

 

As of December 31, 2022, financing lease maturities are as follows:

 

Period ending December 31,

 

2023

$ 81,605

2024

62,366

2025

5,920

 

$149,891

 

As of December 31, 2022, the weighted average remaining lease term was 1.38 years.