XML 37 R27.htm IDEA: XBRL DOCUMENT v3.22.4
COMMITMENTS AND CONTINGENCIES (Tables)
 6 Months Ended
Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]  
SCHEDULE OF UNDISCOUNTED LEASE PAYMENTS

Future approximate undiscounted lease payments for the Company’s operating lease liabilities and a reconciliation of these payments to its operating lease liabilities at December 31, 2022 are as follows:

SCHEDULE OF UNDISCOUNTED LEASE PAYMENTS 

Years Ended June 30,    
2023 (six months)  $223,000 
2024   447,000 
2025   319,000 
2026   96,000 
Total future minimum lease commitments, including short-term leases   1,085,000 
Less: future minimum lease payments of short -term leases   (1,000)
Less: imputed interest   (124,000)
Present value of future minimum lease payments, excluding short term leases  $960,000 
      
Current portion of operating lease liabilities  $442,000 
Non-current portion of operating lease liabilities   518,000 
Total operating lease liability  $960,000 
SCHEDULE OF CONTINGENT CONSIDERATION FOR ACQUISITIONS

Contingent consideration for acquisitions, consists of the following as of December 31 and June 30, 2022 respectively:

  

   As of December 31,   As of June 30, 
   2022   2022 
S5D, current portion  $623,300   $1,397,600 
BLI, current portion (see Note 4)   970,400    - 
AUGGD   -    568,571 
Subtotal current portion   1,593,700    1,966,171 
S5D, net of current portion   4,870,500    5,340,800 
BLI, net of current portion (see Note 4)   3,590,600    - 
Total contingent consideration for acquisitions  $10,054,800   $7,306,971