Leases (Tables)

12 Months Ended

Jun. 30, 2020

Leases [Abstract]

Schedule of Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases was as follows:

	As of
	June 30, 2020
Assets
Operating lease assets, net	$	2,360,129
Liabilities
Current
Operating	$	1,111,912
Non-current
Operating		1,339,965
Total Lease Liabilities	$	2,451,877

Schedule of Components of Lease Cost

The components of lease cost were as follows:

	For the Year
	Ended June 30, 2020
Amortization of finance lease assets	$	253,071
Interest on finance lease obligation		81,907
Operating lease cost		1,258,102
Short term lease cost		282,806
Sub lease income		(33,426	)
Total lease cost	$	1,842,460

Schedule of Lease Term and Discount Rate

Lease term and discount rate were as follows:

	As of
	June 30, 2020
Weighted average remaining lease term - Operating leases		2.45 Years
Weighted average discount rate - Operating leases		5.6	%

Schedule of Supplemental Disclosures of Cash Flow Information Related to Leases

Supplemental disclosures of cash flow information related to leases were as follows:

	For the Year
	Ended June 30, 2020
Cash flows related to lease liabilities
Operating cash flows related to operating leases	$	1,263,089

Schedule of Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities were as follows as of June 30, 2020:

	Amount
Within year 1	$	1,215,699
Within year 2		855,582
Within year 3		474,181
Within year 4		75,500
Within year 5		786
Thereafter		3,142
Total Lease Payments		2,624,890
Less: Imputed interest		(173,013	)
Present Value of lease liabilities		2,451,877
Less: Current portion		(1,111,912	)
Non-Current portion	$	1,339,965

Schedule of Future Minimum Lease Payments

As of June 30, 2020, future minimum lease payments, as defined under the previous lease accounting guidance of ASC Topic 840, under non-cancelable operating leases for the following five fiscal years and thereafter were as follows:

Within year 1	$	1,575,573
Within year 2		917,556
Within year 3		530,632
Within year 4		105,665
Within year 5		35,154
Total	$	3,164,580