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LEASES (Tables)

9 Months Ended

Mar. 31, 2023

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.

SCHEDULE OF OPERATING LEASE RELATED ASSETS AND LIABILITIES

		March 31, 2023				June 30, 2022
ROU lease assets		$	1,022,097			$	2,088,149
Operating lease liabilities – current			369,870				959,909
Operating lease liabilities – non-current			605,420				1,025,967
Total operating lease liabilities		$	975,290			$	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 March 31, 2023 and June 30, 2022:

SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERMS AND DISCOUNT RATES FOR OPERATING LEASES

		March 31, 2023				June 30, 2022
Remaining lease term and discount rate:
Weighted average remaining lease term (years)			8.82				6.88
Weighted average discount rate			5.24	%			5.30	%

SCHEDULE OF MATURITIES OF LEASE LIABILITIES

The following is a schedule, by years, of maturities of lease liabilities as of March 31, 2023:

SCHEDULE OF MATURITIES OF LEASE LIABILITIES

Remainder of 2023		$	260,391
2024			271,049
2025			196,744
2026			21,840
2027			21,840
Thereafter			444,087
Total lease payments			1,215,951
Less: imputed interest			(240,661	)
Present value of lease liabilities		$	975,290

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Schedule of Weighted Average Remaining Lease Terms and Discount Rate of Operating Lease [Table Text Block]

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- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-6

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- Definition

Tabular disclosure of lessor's underlying asset for which right to use has been conveyed to lessee under operating lease.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 840
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481501/840-20-50-4

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479773/842-30-50-13

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482099/360-10-50-1

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