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Operating Leases (Table)

3 Months Ended

Sep. 30, 2021

Operating Leases

Schedule Of undiscounted future minimum lease payments

2022			118,528
2023			119,980
2024			100,336
Total undiscounted future minimum lease payments			338,844
Less: Imputed interest			(18,282	)
Present value of operating lease obligation			320,562

Schedule Of weighted average lease term and weighted average discount rate

Weighted average remaining lease term		29 Months
Weighted average incremental borrowing rate			5.0	%

Schedule Of Operating lease cost

Operating lease cost:
Operating lease cost		$	50,514
Amortization of ROU assets		$	46,561
Interest expense			3,781
Total lease cost		$	100,856

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- Definition

Tabular disclosure of future minimum lease payments as of the date of the latest balance sheet presented, in aggregate and for each of the five years succeeding fiscal years, with separate deductions from the total for the amount representing executor costs, including any profit thereon, included in the minimum lease payments and for the amount of the imputed interest necessary to reduce the net minimum lease payments to present value.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121616839&loc=d3e45280-112737

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