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Leases
 6 Months Ended
Dec. 31, 2025
Leases [Abstract]  
LEASES

NOTE 9 — LEASES

 

The Company has multiple lease agreements for warehouses, warehouse machinery and equipment and offices. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants.

 

Total operating lease expenses on offices, warehouses, and warehouse equipment for the three months ended December 31, 2025 and 2024 were $527,533 and $522,281, respectively.

 

Total operating lease expenses on offices, warehouses, and warehouse equipment for the six months ended December 31, 2025 and 2024 were $1,054,794 and $989,003, respectively

 

Depreciation of finance lease right-of-use assets were $8,600 and $7,886 for the three months ended December 31, 2025 and 2024, respectively.

 

Depreciation of finance lease right-of-use assets were $17,200 and $15,480 for the six months ended December 31, 2025 and 2024, respectively.

 

The following table includes supplemental cash flow and non-cash information related to leases:

 

   For the Six Months Ended
December 31,		 
   2025   2024 
Cash paid of amounts included in the measurement of lease liabilities:        
Operating cash flows from operating leases  $1,341,522   $742,649 
Operating cash flows from finance leases  $3,432   $1,951 
Financing cash flows from finance leases  $16,290   $14,964 
Right-of-use assets obtained in exchange for lease obligations:          
Operating lease liabilities  $
-
   $1,445,498 
Finance lease liabilities   
-
   $89,003 

 

The weighted average remaining lease terms and discount rates for all of operating lease and finance leases is as follows:

 

    December 31,
2025		     June 30,
2025		  
Weighted-average remaining lease term (years):            
Operating lease     2.45 years       2.44 years  
Finance lease     2.87 years       3.19 years  
                 
Weighted average discount rate:                
Operating lease     7.16 %     7.00 %
Finance lease     9.60 %     9.32 %

The following is a schedule of maturities of operating and finance lease liabilities as of December 31, 2025:

 

Operating leases

 

Twelve months ending December 31,  Repayment 
2026  $1,446,467 
2027   585,122 
2028   606,252 
2029   285,910 
2030   
—
 
Total future minimum lease payments   2,923,751 
Less: imputed interest   (273,432)
Total operating lease liabilities  $2,650,319 

 

Financing leases

 

Twelve months ending December 31,  Repayment 
2026  $47,667 
2027   21,656 
2028   21,656 
2029   18,047 
2030   — 
Total future minimum lease payments   109,026 
Less: imputed interest   (12,014)
Total finance lease liabilities  $97,012