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COMMITMENTS AND CONTINGENCIES (Tables)
 12 Months Ended
Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]  
SCHEDULE OF FINANCED LEASES

 

The Company leased entered several financed leases during the year ended June 30, 2023 as follows:

 

Lease Date  Property Leased  Lease Term (months)   Commencement Date  Monthly Lease Payment(1) 
               
9/2/2022  Vehicle   60   9/10/2022  $1,100 
10/17/2022  Manufacturing equipment   36   10/17/2022  $5,500 
1/24/2023  Manufacturing equipment   36   1/24/2023  $6,700 
3/2/2023  Manufacturing equipment   36   3/2/2023  $1,000 

 

  (1) Excludes sales tax and other fees.
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS

The Future Minimum Lease Payments as of June 30, 2023 are as follows:

  

  

Operating

Leases

  

Finance

Leases

 
Year Ending June 30,              
2024  $854,000   $173,000 
2025   883,000    173,000 
2026   910,000    85,000 
2027   433,000    15,000 
2028   64,000    21,000 
Total Future Minimum Lease Payments   3,144,000    467,000 
           
Less: discount   (445,000)   (51,000)
Total lease liability  $2,699,000   $416,000