LEASES (Tables)

9 Months Ended

Mar. 31, 2022

Leases

SCHEDULE OF BALANCE SHEET INFORMATION RELATED TO LEASE

Supplemental balance sheet information related to leases was as follows:

	As of		As of
	March 31, 2022		June 30, 2021
Assets
Operating lease assets, net	$	1,238,713	$	1,345,869
Liabilities
Current
Operating	$	706,684	$	857,729
Non-current
Operating		570,871		564,257
Total Lease Liabilities	$	1,277,555	$	1,421,986

SCHEDULE OF COMPONENTS OF LEASE COST

The components of lease cost were as follows:

	For the Three Months						For the Nine Months
	Ended March 31,						Ended March 31,
	2022			2021			2022			2021
Amortization of finance lease assets	$	16,273		$	65,628		$	59,201		$	142,807
Interest on finance lease obligation		5,632			6,662			13,780			25,307
Operating lease cost		137,270			319,712			518,048			950,538
Short term lease cost		128,008			33,138			166,789			63,209
Sub lease income		(8,907	)		(9,155	)		(27,012	)		(26,517	)
Total lease cost	$	278,276		$	415,985		$	730,806		$	1,155,344

SCHEDULE OF LEASE TERM AND DISCOUNT RATE

Lease term and discount rate were as follows:

	As of			As of
	March 31, 2022			June 30, 2021
Weighted average remaining lease term - Operating leases		3.38 Years			1.78 Years
Weighted average discount rate - Operating leases		5.9	%		5.7	%

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 Nine Months
	Ended March 31
	2022		2021
Operating cash flows related to operating leases	$	541,705	$	856,135
Operating cash flows related to finance leases	$	3,553	$	20,138
Financing cash flows related to finance leases	$	55,399	$	254,985

SCHEDULE OF MATURITIES OF OPERATING LEASE LIABILITIES

Maturities of operating lease liabilities were as follows as of March 31, 2022:

	Amount
Within year 1	$	742,215
Within year 2		221,799
Within year 3		146,200
Within year 4		131,729
Within year 5		98,977
Thereafter		1,621
Total Lease Payments		1,342,541
Less: Imputed interest		(64,986	)
Present Value of lease liabilities		1,277,555
Less: Current portion		(706,684	)
Non-Current portion	$	570,871