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Leases (Tables)

12 Months Ended

Jun. 30, 2023

Leases

Lease costs

		Year Ended June 30,
		2023				2022
Operating lease cost		$	875,454			$	668,054
Finance lease cost:
Depreciation of lease assets			71,326				162,057
Interest on lease liabilities			7,590				19,571
Total finance lease cost			78,916				181,628
Total lease cost		$	954,370			$	849,682

Supplemental lease information

		Classification		June 30, 2023				June 30, 2022
Assets:
Operating lease assets		Operating lease assets		$	9,571,604			$	10,420,604
Finance lease assets		Property and equipment, net(1)			542,105				61,566
Total lease assets				$	10,113,709			$	10,482,170
Liabilities:
Current:
Operating leases		Operating lease liabilities, current		$	969,890			$	965,622
Finance leases		Finance lease liabilities, current			103,646				55,348
Noncurrent:
Operating leases		Operating lease liabilities, less current portion			8,393,248				9,478,077
Finance leases		Finance lease liabilities, less current portion			341,201				11,454
Total lease liabilities				$	9,807,985			$	10,510,501

Schedule of lease term and discount rate of lease

Lease Term and Discount Rate		June 30, 2023
Weighted Average Remaining Lease Term (in years)
Operating leases			9.2
Finance leases			4.5
Weighted Average Discount Rate
Operating leases			2.9	%
Finance leases			6.4	%

Supplemental cash flow information

		Year Ended June 30,
		2023				2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash used for operating leases		$	1,020,992			$	638,943
Operating cash used for finance leases		$	7,590			$	16,070
Financing cash used for finance leases		$	73,003			$	172,344

Future maturities of lease liabilities

Fiscal year ending:		Finance Leases				Operating Leases
June 30, 2024		$	128,828			$	1,025,294
June 30, 2025			117,016				1,167,096
June 30, 2026			94,701				1,140,297
June 30, 2027			85,144				1,169,757
June 30, 2028			85,144				1,200,291
Thereafter			—				5,583,700
Total future minimum payments			510,833				11,286,435
Less imputed interest			(65,986	)			(1,923,297	)
Present value of lease liabilities		$	444,847			$	9,363,138

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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
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-4

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