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Leases (Tables) | 9 Months Ended
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Mar. 31, 2022
Leases |
Lease Costs |
|  | Three Months Ended March 31, |  |  | Nine Months Ended March 31, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Operating lease cost |  | $ | 129,934 |  |  | $ | 168,017 |  |  | $ | 474,075 |  |  | $ | 508,428 |
Finance lease cost: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation of lease assets |  |  | 36,767 |  |  |  | 47,354 |  |  |  | 127,946 |  |  |  | 160,577 |
Interest on lease liabilities |  |  | 4,323 |  |  |  | 11,432 |  |  |  | 16,070 |  |  |  | 35,688 |
Total finance lease cost |  |  | 41,090 |  |  |  | 58,786 |  |  |  | 144,016 |  |  |  | 196,265 |
Total lease cost |  | $ | 171,024 |  |  | $ | 226,803 |  |  | $ | 618,091 |  |  | $ | 704,693 |
Supplement Balance Sheet Classification Information |
|  | Classification |  | March 31, 2022 |  |  | June 30, 2021 |
Assets: |  |  |  |  |  |  |  |
Operating lease assets |  | Operating lease assets |  | $ | 10,598,425 |  |  | $ | 9,015,498 |
Finance lease assets |  | Property and equipment, net(1) |  |  | 95,677 |  |  |  | 477,102 |
Total lease assets |  |  |  | $ | 10,694,102 |  |  | $ | 9,492,600 |
Liabilities: |  |  |  |  |  |  |  |  |  |
Current: |  |  |  |  |  |  |  |  |  |
Operating leases |  | Operating lease liabilities, current |  | $ | 973,174 |  |  | $ | 799,507 |
Finance leases |  | Finance lease liabilities, current |  |  | 91,277 |  |  |  | 212,212 |
Noncurrent: |  |  |  |  |  |  |  |  |  |
Operating leases |  | Operating lease liabilities, less current portion |  |  | 9,686,335 |  |  |  | 8,461,133 |
Finance leases |  | Finance lease liabilities, less current portion |  |  | 15,392 |  |  |  | 66,801 |
Total lease liabilities |  |  |  | $ | 10,766,178 |  |  | $ | 9,539,653 |
Lease Term And Discount Rate |
Lease Term and Discount Rate |  | March 31, 2022 |
Weighted Average Remaining Lease Term (in years) |
Operating leases |  |  | 10.2 |
Finance leases |  |  | 1.0 |
Weighted Average Discount Rate |  |  |  |
Operating leases |  |  | 3.0 | %
Finance leases |  |  | 7.7 | %
Supplemental Lease Information |
|  | Nine Months Ended March 31, |
|  | 2022 |  |  | 2021 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |
Operating cash used for operating leases |  | $ | 638,943 |  |  | $ | 645,174 |
Operating cash used for finance leases |  | $ | 16,070 |  |  | $ | 35,688 |
Financing cash used for finance leases |  | $ | 172,344 |  |  | $ | 206,644 |
Future Maturities Of Lease Liabilities |
Fiscal year ending: |  | Finance Leases |  |  | Operating Leases |
June 30, 2022 (remaining three months) |  | $ | 43,369 |  |  | $ | 168,270 |
June 30, 2023 |  |  | 59,647 |  |  |  | 1,195,376 |
June 30, 2024 |  |  | 11,811 |  |  |  | 1,213,080 |
June 30, 2025 |  |  | - |  |  |  | 1,177,525 |
June 30, 2026 |  |  | - |  |  |  | 1,143,042 |
Thereafter |  |  | - |  |  |  | 7,779,560 |
Total future minimum payments |  |  | 114,827 |  |  |  | 12,676,853 |
Less imputed interest |  |  | (8,158 | ) |  |  | (2,017,344 | )
Present value of lease liabilities |  | $ | 106,669 |  |  | $ | 10,659,509 |

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- Definition 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. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918686-209980 + Details
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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 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123406913&loc=d3e41499-112717 Reference 2: 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=124440162&loc=d3e12069-110248 Reference 3: 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=123406913&loc=d3e41502-112717 Reference 4: 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=123389372&loc=d3e36991-112694 Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 10 -Section 55 -Paragraph 40 -Subparagraph (Note 3) -URI http://asc.fasb.org/extlink&oid=123403562&loc=d3e38371-112697 + Details
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