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LEASES (Tables)
 9 Months Ended
Mar. 31, 2024
Leases  
SCHEDULE OF BALANCE SHEET INFORMATION RELATED TO LEASE

Supplemental balance sheet information related to leases was as follows:

 

   As of   As of 
   March 31, 2024   June 30, 2023 
Assets          
Operating lease assets, net  $1,490,669   $1,151,575 
           
Liabilities          
Current          
Operating  $635,168   $505,237 
Non-current          
Operating   837,756    652,194 
Total Lease Liabilities  $1,472,924   $1,157,431 
SCHEDULE OF COMPONENTS OF LEASE COST

The components of lease cost were as follows:

 

             
   For the Three Months   For the Nine Months 
   Ended March 31,   Ended March 31, 
   2024   2023   2024   2023 
                 
Amortization of finance lease assets  $3,963   $2,569   $8,624   $8,564 
Interest on finance lease obligation   1,434    1,043    3,073    4,402 
Operating lease cost   99,201    115,392    304,543    346,993 
Short term lease cost   41,087    39,356    122,311    143,978 
Sub lease income   (8,406)   (8,099)   (25,011)   (23,697)
Total lease cost  $137,279   $150,261   $413,540   $480,240 
SCHEDULE OF LEASE TERM AND DISCOUNT RATE

Lease term and discount rate were as follows:

 

   As of   As of 
   March 31, 2024   June 30, 2023 
         
Weighted average remaining lease term - Operating leases   2.2 Years    3.09 Years 
           
Weighted average discount rate - Operating leases   4.6%   4.0%
SCHEDULE OF SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION RELATED TO LEASES

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

 

       
   For the Nine Months 
   Ended March 31, 
   2024   2023 
         
         
Operating cash flows related to operating leases  $230,943   $358,778 
           
Operating cash flows related to finance leases  $3,070   $4,472 
           
Financing cash flows related finance leases  $20,180   $24,362 
SCHEDULE OF MATURITIES OF OPERATING LEASE LIABILITIES

Maturities of operating lease liabilities were as follows as of March 31, 2024:

 

   Amount 
Within year 1  $698,961 
Within year 2   485,363 
Within year 3   275,582 
Within year 4   108,551 
Within year 5   27,494 
Thereafter   119 
Total Lease Payments   1,596,070 
Less: Imputed interest   (123,146)
Present Value of lease liabilities   1,472,924 
Less: Current portion   (635,168)
Non-Current portion  $837,756