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Leases (Tables)
 9 Months Ended
Mar. 31, 2021
Leases [Abstract]  
Lease expense
   

Three Months Ended

March 31,

    

Nine Months Ended

March 31,

  
    2021     2020     2021     2020  
Operating lease cost   $ 168,017     $ 159,305     $ 508,428     $ 496,278  
Finance lease cost:                                
Depreciation of lease assets     47,354       86,063       160,577       258,189  
Interest on lease liabilities     11,432       18,264       35,688       61,221  
Total finance lease cost     58,786       104,327       196,265       319,410  
Total lease cost   $ 226,803     $ 263,632     $ 704,693     $ 815,688  
Supplemental lease information

Supplemental balance sheet information related to leases was as follows:

 

 

Classification

   March 31, 2021     June 30, 2020  
Assets:              
Operating lease assets Operating lease assets   $ 1,208,692     $ 1,220,430  
Finance lease assets Property and equipment, net(1)     524,456       666,519  
Total lease assets     $ 1,733,148     $ 1,886,949  
                 
Liabilities:                  
Current:                  
Operating leases Operating lease liabilities, current   $ 849,169     $ 765,422  
Short-term leases Accrued liabilities(2)     -       97,665  
Finance leases Finance lease liabilities, current     242,417       278,040  
                 
Noncurrent:                  
Operating leases Operating lease liabilities, less current portion     656,535       887,766  
Finance leases Finance lease liabilities, less current portion     108,412       279,435  
Total lease liabilities     $ 1,856,533     $ 2,308,328  

 

(1) Finance lease assets were recorded net of accumulated depreciation of approximately $1.2 million as of March 31, 2021, and $1.0 million as of June 30, 2020.

 

(2) Represents accrual related to the lease of a manufacturing and office facility in Irvington, New York, which we ceased use of as of June 30, 2019 as the relocation of the operations formerly housed in this facility was complete. All remaining lease payments were accrued as of that date, through the lease expiration in August 2020.

 

Lease term and discount rate information related to leases was as follows:

 

Lease Term and Discount Rate

   March 31, 2021  
Weighted Average Remaining Lease Term (in years)      
Operating leases     2.6  
Finance leases     1.5  
         
Weighted Average Discount Rate        
Operating leases     4.5%  
Finance leases     7.9%  

 

Supplemental cash flow information:

 

       Nine Months Ended March 31,  
       2021        2020  
Cash paid for amounts included in the measurement of lease liabilities:                 
Operating cash used for operating leases    $   645,174     $   589,622  
Operating cash used for finance leases   $  35,688     $  61,234  
Financing cash used for finance leases   $  206,644     $  315,638  

 
Future maturities of lease liabilities

Fiscal year ending:

   Finance Leases     Operating Leases  
June 30, 2021 (remaining three months)   $ 80,324     $ 223,422  
June 30, 2022     231,783       828,017  
June 30, 2023     59,647       238,021  
June 30, 2024     11,811       118,245  
June 30, 2025     —       118,245  
Total future minimum payments     383,565       1,525,950  
   Less imputed interest     (32,736 )     (20,246 )
Present value of lease liabilities   $ 350,829     $ 1,505,704