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Leases | 12 Months Ended
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Jun. 30, 2025
Leases |
Leases | Note 17 - Leases The Company has entered into a lease agreement for office and warehouse space with a lease period from December 1, 2018 until December 31, 2020. On August 24, 2020, the Company negotiated for new terms to extend the lease through December 21, 2023 at the rate of approximately $42,000 per month. On December 21, 2023, the lease expired without renewal. On September 1, 2020, in addition to the primary fulfillment center, the Company leased a second fulfillment center in City of Industry, California. The base rental fee is $27,921 to $29,910 per month through October 31, 2023. On October 31, 2023, the lease expired without renewal. On February 15, 2022, upon completion of the acquisition of Anivia Limited, the Company assumed an operating lease for offices located in the People’s Republic of China. In July 2023, the Company renewed the lease contract for its existing office plus additional office space. The lease term is for three years expiring on July 14, 2026. The total base rental fee for these offices is approximately $19,406 per month. In September 2024, the Company terminated the lease of office space in Shenzhen China and incurred termination costs of approximately $143,000, which was recorded as rental expense for the year ended June 30, 2025. On July 28, 2021, the Company entered into a Lease agreement (the “Lease Agreement”) with 9th & Vineyard, LLC, a Delaware limited liability company (the “Landlord”), to lease from the Landlord approximately 99,347 square feet of space located at 8798 9th Street, Rancho Cucamonga, California (the “Premises”). The term of the Lease Agreement is for 62 months, commencing on the date on which the Landlord completes certain prescribed improvements on the property (the “Rent Commencement Date”). The Lease Agreement does not provide for an option to renew. Under the Lease Agreement, the Company is responsible for its pro rata share of certain costs, including utility costs, insurance and common area costs, as further detailed in the Lease Agreement. In addition, following the Rent Commencement Date, the first two months of the Base Rent were abated. The lease was not started under the original agreement as the construction was not completed. On February 23, 2022, the Company entered into an amended agreement to extend the lease term to 74 months. The lease commencement date is February 10, 2022, with rent payments commencing May 11, 2022 and the lease expiring on May 31, 2028. The base rental fee is $114,249, increasing gradually over time to $140,079 per month through the expiration date of May 31, 2028. On May 1, 2022, the Company leased another fulfillment center in Duarte, California. The base rental fee is $56,000 to $59,410 per month through April 30, 2025. As of June 30, 2025, the lease had been terminated. In September 2024, DHS entered into a sublease agreement with a third-party entity for office space in Shenzhen. The lease term is for one year from October 1, 2024 to September 30, 2025. The lease is treated as a short-term lease and the base rental fee is approximately $10,000 per month. The operating lease right-of-use assets and operating lease liabilities as of June 30, 2025 and 2024 were as follows: Years Ended June 30, 2025 and 2024:
Schedule of lease cost and other information |  |  |  |  |  |
Lease cost |  | 6/30/2025 |  |  | 6/30/2024 |
Operating lease cost (included in G&A in the Company's statement of operations) |  | $ | 2,083,235 |  |  | $ | 2,716,705 |
Short-term lease expenses |  |  | 85,954 |  |  |  | 54,258 |
Other information |  |  |  |  |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities |  | $ | 2,216,896 |  |  | $ | 2,644,838 |
Remaining term in years |  |  | 2.92 |  |  |  | 0.08 – 3.92 |
Average discount rate - operating leases |  |  | 5% |  |  |  | 5 - 8% |
The supplemental balance sheet information related to leases for the period is as follows:
Schedule of supplemental balance sheet information related to leases |  |  |  |  |  |
Operating leases |  | 6/30/2025 |  |  | 6/30/2024 |
Right of use asset - non-current |  | $ | 3,915,539 |  |  | $ | 6,124,163 |
Lease Liability – current |  |  | 1,361,111 |  |  |  | 2,039,301 |
Lease Liability - non-current |  |  | 2,913,967 |  |  |  | 4,509,809 |
Total operating lease liabilities |  | $ | 4,275,078 |  |  | $ | 6,549,110 |
Maturities of the Company’s lease liabilities are as follows:
Schedule of maturities of lease liabilities |  |  |
|  | Operating |
|  | Lease |
For Year ending June 30: |  |  |  |
2026 |  | $ | 1,533,918 |
2027 |  |  | 1,586,572 |
2028 |  |  | 1,459,409 |
Less: Imputed interest/present value discount |  |  | (304,821 | )
Present value of lease liabilities |  | $ | 4,275,078 |

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- Definition The entire disclosure for lessor's operating leases. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-30/tableOfContent + Details
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