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OPERATING LEASES - LESSEE (Tables)
3 Months Ended
Sep. 30, 2022
Operating Leases - Lessee  
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS UNDER OPERATING LEASES

The maturity schedule of future minimum lease payments under operating leases and the reconciliation to the operating lease liabilities reported on the Consolidated Balance Sheets was as follows:

 

   September 30, 2022 
     
Remaining nine months ending June 30, 2023  $60,491 
2024   87,465 
2025   89,003 
2026   90,588 
2027   92,220 
Thereafter   31,113 
Total operating lease payments   450,880 
Present value adjustment   (69,907)
Total operating lease liabilities  $380,973 
SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERM AND WEIGHTED AVERAGE DISCOUNT RATE

The following table summarizes the weighted-average remaining lease term and weighted-average discount rate related to the Company’s operating leases as of September 30, 2022:

 

   September 30, 2022 
     
Weighted-average remaining lease term, years   5.1 
Weighted-average discount rate, %   7.0%