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Leases (Tables)

3 Months Ended

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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Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

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