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v3.22.2.2

COMMITMENTS (Tables) | 12 Months Ended
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Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract] |
Schedule of long-term debt |
Schedule of long-term debt |  |  |  |
|  | Amount |
Term Loan Note payable to Main Street Bank with monthly principal payments of $30,952.38 plus interest at the prime lending rate plus 1.5% per annum. Secured by all assets of the Company, and subject to certain periodic reporting to the bank, an annual minimum debt service coverage ratio of 1.20:1 commencing with the fiscal year ending June 30, 2023, and other conditions. The Term Loan Note matures on October 15, 2028 |  | $ | 2,352,381 |
Less current maturities |  |  | (367,714 | )
Less debt issuance costs, net of accumulated amortization of $2,167 |  |  | (23,526 | )
Long-term debt, net of current portion of debt issuance costs |  | $ | 1,961,141 |
Schedule of principal payments due term loan note payable |
Schedule of principal payments due term loan note payable |  |  |  |
Fiscal Year Ending June 30: |  |  |
2023 |  | $ | 371,429 |
2024 |  |  | 371,429 |
2025 |  |  | 371,429 |
2026 |  |  | 371,429 |
2027 |  |  | 371,429 |
Thereafter |  |  | 495,236 |
Total long term debt |  | $ | 2,352,381 |
Schedule of future minimum lease payments under the capital lease and operating lease obligations |
Schedule of future minimum lease payments under the capital lease and operating lease obligations |  |  |  |  |  |  |  |
Fiscal Year Ending June 30: |  | Capital Leases |  |  | Operating Lease |
2023 |  | $ | 48,619 |  |  | $ | 181,556 |
2024 |  |  | 48,619 |  |  |  | 182,652 |
2025 |  |  | 43,919 |  |  |  | 183,775 |
2026 |  |  | 28,004 |  |  |  | 11,477 |
Total Minimum Payments |  |  | 169,161 |  |  | $ | 559,460 |
Less: amount representing interest |  |  | 16,765 |  |  |  |  |
Present value of minimum lease payments |  |  | 152,396 |  |  |  |  |
Less: current portion |  |  | 40,705 |  |  |  |  |
|  | $ | 111,691 |  |  |  |  |

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=123465755&loc=d3e1835-112601 + Details
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