v3.23.1
Lease Agreements
9 Months Ended
Mar. 31, 2023
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. 

 

 

 

March 31, 2023

 

June 30, 2022

Right-of-use assets:

 

 

 

 

Operating right-of-use assets

$129,758

 

$179,512

Operating lease liabilities:

 

  

 

Current portion of long term payable

82,284

 

80,096

 

Financing leases payable, less current portion

47,474

 

99,416

 

Total operating lease liabilities

$129,758

 

$179,512

 

As of March 31, 2023, financing lease maturities are as follows:

 

Period ending March 31,

 

2024

$ 82,284

2025

45,106

2026

2,368

 

$129,758

 

As of March 31, 2023, the weighted average remaining lease term was 1.08 years.