LEASES LEASES (Tables)

9 Months Ended

Mar. 31, 2019

Supplemental information related to lease expense and valuation of the ROU asset and liability was as follows:



	Nine Months Ended
	March 31
	2019			2018
Operating lease cost	$	285,000		$	285,000
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	285,000		$	285,000
Weighted-average remaining lease term (in years)	9.25			10.25
Weighted-average discount rate	4.25		%	4.25		%

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

The maturity schedule of future minimum lease payments and reconciliation to the operating lease liabilities reported on the consolidated balance sheets is as follows:



Year ending June 30,
2019 (excluding the nine months ended March 31, 2019)	$	95,000
2020	380,000
2021	380,000
2022	380,000
2023	380,000
Thereafter	1,900,000
Total lease payments	3,515,000
Present value adjustment	(602,534		)
Total lease liabilities	$	2,912,466