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LEASES (Tables)
 3 Months Ended
Sep. 30, 2022
Leases  
SCHEDULE OF BALANCE SHEET INFORMATION RELATED TO LEASE

Supplemental balance sheet information related to leases was as follows:

 

   As of   As of 
   September 30, 2022   June 30, 2022 
Assets          
Operating lease assets, net  $1,336,742   $969,163 
           
Liabilities          
Current          
Operating  $531,021   $548,678 
Non-current          
Operating   836,891    447,260 
Total Lease Liabilities  $1,367,912   $995,938 
SCHEDULE OF COMPONENTS OF LEASE COST

The components of lease cost were as follows:

 

    1    2 
   For the Three Months 
   Ended September 30, 
   2022   2021 
         
Amortization of finance lease assets  $2,896   $21,033 
Interest on finance lease obligation   1,807    4,936 
Operating lease cost   118,522    282,951 
Short term lease cost   66,636    - 
Sub lease income   (7,812)   (9,155)
Total lease cost  $182,049   $299,765 
SCHEDULE OF LEASE TERM AND DISCOUNT RATE

Lease term and discount rate were as follows:

 

   As of   As of 
   September 30, 2022   June 30, 2022 
         
Weighted average remaining lease term - Operating leases   3.32 Years    3.34 Years 
           
Weighted average discount rate - Operating leases   3.9%   4.2%
SCHEDULE OF SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION RELATED TO LEASES

Supplemental disclosures of cash flow information related to leases were as follows:

 

    1    2 
   For the Three Months 
   Ended September 30 
   2022   2021 
         
Operating cash flows related to operating leases  $122,121   $272,478 
           
Operating cash flows related to finance leases  $1,807   $3,502 
           
Financing cash flows related finance leases  $3,679   $48,908 
SCHEDULE OF MATURITIES OF OPERATING LEASE LIABILITIES

Maturities of operating lease liabilities were as follows as of September 30, 2022:

 

   Amount 
Within year 1  $569,691 
Within year 2   381,217 
Within year 3   323,713 
Within year 4   138,102 
Within year 5   28,237 
Thereafter   1,013 
Total Lease Payments   1,441,973 
Less: Imputed interest   (74,061)
Present Value of lease liabilities   1,367,912 
Less: Current portion   (531,021)
Non-Current portion  $836,891