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LEASES (Tables)
3 Months Ended
Sep. 30, 2022
Leases  
SCHEDULE OF OPERATING LEASE RELATED ASSETS AND LIABILITIES

The table below presents the operating lease related assets and liabilities recorded on the balance sheets.

 

           
  

September 30,

2022

  

June 30,

2022

 
         
ROU lease assets  $1,749,663   $2,088,149 
           
Operating lease liabilities – current   586,553    959,909 
Operating lease liabilities – non-current   873,173    1,025,967 
Total operating lease liabilities  $1,459,726   $1,985,876 
SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERMS AND DISCOUNT RATES FOR OPERATING LEASES

The weighted average remaining lease terms and discount rates for all of operating leases were as follows as of September 30, 2022 and June 30, 2022:

 

  

September 30,

2022

  

June 30,

2022

 
         
Remaining lease term and discount rate:          
Weighted average remaining lease term (years)   6.00    6.88 
Weighted average discount rate   5.53%   5.30%
SCHEDULE OF MATURITIES OF LEASE LIABILITIES

The following is a schedule, by years, of maturities of lease liabilities as of September 30, 2022:

 

      
Remainder of 2023  $544,171 
2024   555,548 
2025   170,225 
2026   21,089 
2027   21,089 
Thereafter   428,803 
Total lease payments   1,740,925 
Less: imputed interest   (281,199)
Present value of lease liabilities  $1,459,726