| Summary of right-of-use asset |
| Summary of right-of-use asset | |
| | |
| | |
| | |
| | |
| | |
| |
| | |
June 30, 2021 | |
| | |
Kokomo Lease | | |
Valparaiso Lease | | |
Merrill Lease | | |
Tuscaloosa Lease | | |
Birmingham Lease | | |
Total | |
| Office lease | |
$ | 375,483 | | |
$ | 374,360 | | |
$ | 701,405 | | |
$ | 222,087 | | |
$ | 284,745 | | |
$ | 1,958,080 | |
| Less: accumulated amortization | |
| (45,442 | ) | |
| (75,965 | ) | |
| (37,686 | ) | |
| (25,726 | ) | |
| (7,385 | ) | |
| (192,204 | ) |
| Right-of-use asset, net | |
$ | 330,041 | | |
$ | 298,395 | | |
$ | 663,719 | | |
$ | 196,361 | | |
$ | 277,360 | | |
$ | 1,765,876 | |
|
| Lease, Cost [Table Text Block] |
| Summary of operating lease liability | |
| | |
| | |
| | |
| | |
| | |
| |
| | |
June 30, 2021 | |
| | |
Kokomo Lease | | |
Valparaiso Lease | | |
Merrill Lease | | |
Tuscaloosa Lease | | |
Birmingham Lease | | |
Total | |
| Office lease | |
$ | 336,180 | | |
$ | 298,395 | | |
$ | 689,785 | | |
$ | 196,361 | | |
$ | 277,361 | | |
$ | 1,798,082 | |
| Less: current portion | |
| (60,606 | ) | |
| (110,528 | ) | |
| (68,402 | ) | |
| (55,460 | ) | |
| (46,978 | ) | |
| (341,974 | ) |
| Long term portion | |
$ | 275,574 | | |
$ | 187,867 | | |
$ | 621,383 | | |
$ | 140,901 | | |
$ | 230,383 | | |
$ | 1,456,108 | |
|
| Summary of maturity of lease liability |
| Summary of maturity of lease liability | |
| | |
| | |
| | |
| | |
| | |
| |
| | |
June 30, 2021 | |
| | |
Kokomo Lease | | |
Valparaiso Lease | | |
Merrill Lease | | |
Tuscaloosa Lease | | |
Birmingham Lease | | |
Total | |
| Fiscal year ending March 31, 2022 | |
$ | 67,812 | | |
$ | 100,706 | | |
$ | 83,938 | | |
$ | 54,000 | | |
$ | 54,000 | | |
$ | 360,455 | |
| Fiscal year ending March 31, 2023 | |
| 94,172 | | |
| 134,274 | | |
| 201,450 | | |
| 72,000 | | |
| 72,000 | | |
| 573,896 | |
| Fiscal year ending March 31, 2024 | |
| 98,880 | | |
| 100,706 | | |
| 201,450 | | |
| 72,000 | | |
| 72,000 | | |
| 545,036 | |
| Fiscal year ending March 31, 2025 | |
| 101,292 | | |
| – | | |
| 201,450 | | |
| 30,000 | | |
| 72,000 | | |
| 404,742 | |
| Fiscal year ending March 31, 2026 | |
| 50,646 | | |
| – | | |
| 184,664 | | |
| – | | |
| 72,000 | | |
| 307,310 | |
| Fiscal year ending March 31, 2027 | |
| – | | |
| – | | |
| – | | |
| – | | |
| 6,000 | | |
| 6,000 | |
| Present value discount | |
| (76,623 | ) | |
| (37,290 | ) | |
| (183,166 | ) | |
| (31,639 | ) | |
| (70,639 | ) | |
| (399,357 | ) |
| Lease liability | |
$ | 336,180 | | |
$ | 298,395 | | |
$ | 689,785 | | |
$ | 196,361 | | |
$ | 277,361 | | |
$ | 1,798,082 | |
|