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Leases (Tables) | 3 Months Ended
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Sep. 30, 2021
Leases |
Lease costs |
|  | Three Months Ended September 30, |
|  | 2021 |  |  | 2020 |
Operating lease cost |  | $ | 172,230 |  |  | $ | 166,974 |
Finance lease cost: |  |  |  |  |  |  |  |
Depreciation of lease assets |  |  | 47,354 |  |  |  | 65,869 |
Interest on lease liabilities |  |  | 6,432 |  |  |  | 12,824 |
Total finance lease cost |  |  | 53,786 |  |  |  | 78,693 |
Total lease cost |  | $ | 226,016 |  |  | $ | 245,667 |
Supplemental lease information |
|  | Classification |  | September 30, 2021 |  |  | June 30, 2021 |
Assets: |  |  |  |  |  |  |  |
Operating lease assets |  | Operating lease assets |  | $ | 9,944,236 |  |  | $ | 9,015,498 |
Finance lease assets |  | Property and equipment, net(1) |  |  | 429,748 |  |  |  | 477,102 |
Total lease assets |  |  |  | $ | 10,373,984 |  |  | $ | 9,492,600 |
Liabilities: |  |  |  |  |  |  |  |  |  |
Current: |  |  |  |  |  |  |  |  |  |
Operating leases |  | Operating lease liabilities, current |  | $ | 896,481 |  |  | $ | 799,507 |
Finance leases |  | Finance lease liabilities, current |  |  | 172,382 |  |  |  | 212,212 |
Noncurrent: |  |  |  |  |  |  |  |  |  |
Operating leases |  | Operating lease liabilities, less current portion |  |  | 9,240,725 |  |  |  | 8,461,133 |
Finance leases |  | Finance lease liabilities, less current portion |  |  | 32,739 |  |  |  | 66,801 |
Total lease liabilities |  |  |  | $ | 10,342,327 |  |  | $ | 9,539,653 |
Lease Term and Discount Rate |  | September 30, 2021 |
Weighted Average Remaining Lease Term (in years) |
Operating leases |  |  | 10.9 |
Finance leases |  |  | 1.2 |
Weighted Average Discount Rate |  |  |  |
Operating leases |  |  | 3.0% |
Finance leases |  |  | 7.8% |
|  | Three Months Ended September 30, |
|  | 2021 |  |  | 2020 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |
Operating cash used for operating leases |  | $ | 224,402 |  |  | $ | 212,132 |
Operating cash used for finance leases |  | $ | 6,432 |  |  | $ | 12,824 |
Financing cash used for finance leases |  | $ | 73,891 |  |  | $ | 67,501 |
Future maturities of lease liabilities |
Fiscal year ending: |  | Finance Leases |  |  | Operating Leases |
June 30, 2022 (remaining nine months) |  | $ | 151,459 |  |  | $ | 642,670 |
June 30, 2023 |  |  | 59,647 |  |  |  | 1,134,242 |
June 30, 2024 |  |  | 11,811 |  |  |  | 1,041,476 |
June 30, 2025 |  |  | — |  |  |  | 1,069,181 |
June 30, 2026 |  |  | — |  |  |  | 980,589 |
Thereafter |  |  | — |  |  |  | 7,034,987 |
Total future minimum payments |  |  | 222,917 |  |  |  | 11,903,145 |
Less imputed interest |  |  | (17,796 | ) |  |  | (1,765,939 | )
Present value of lease liabilities |  | $ | 205,121 |  |  | $ | 10,137,206 |

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- Definition Tabular disclosure for lessee's operating leases. Includes, but is not limited to, description of lessee's operating lease, existence and terms of renewal or purchase options and escalation clauses, restrictions imposed by lease, such as those concerning dividends, additional debt, and further leasing, rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 10 -Section 55 -Paragraph 40 -Subparagraph (Note 1,3) -URI http://asc.fasb.org/extlink&oid=121580752&loc=d3e38371-112697 Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121573735&loc=d3e41499-112717 Reference 3: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=121555522&loc=d3e12069-110248 Reference 4: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121573735&loc=d3e41502-112717 Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121549808&loc=d3e36991-112694 + Details
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