LEASES (Tables)

6 Months Ended

Dec. 31, 2023

Leases

SCHEDULE OF BALANCE SHEET INFORMATION RELATED TO LEASE

Supplemental balance sheet information related to leases was as follows:

	As of		As of
	December 31, 2023		June 30, 2023
Assets
Operating lease assets, net	$	1,659,622	$	1,151,575
Liabilities
Current
Operating	$	689,770	$	505,237
Non-current
Operating		1,022,361		652,194
Total Lease Liabilities	$	1,712,131	$	1,157,431

SCHEDULE OF COMPONENTS OF LEASE COST

The components of lease cost were as follows:

	For the Three Months						For the Six Months
	Ended December 31,						Ended December 31,
	2023			2022			2023			2022
Amortization of finance lease assets	$	2,365		$	3,099		$	4,661		$	5,995
Interest on finance lease obligation		770			1,552			1,639			3,359
Operating lease cost		98,309			113,079			205,342			231,601
Short term lease cost		40,216			37,986			81,224			104,622
Sub lease income		(8,199	)		(7,786	)		(16,605	)		(15,598	)
Total lease cost	$	133,461		$	147,930		$	276,261		$	329,979

SCHEDULE OF LEASE TERM AND DISCOUNT RATE

Lease term and discount rate were as follows:

	As of	As of
	December 31, 2023	June 30, 2023
Weighted average remaining lease term - Operating leases	2.41 Years	3.09 Years
Weighted average discount rate - Operating leases	4.6%	4.0%

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 Six Months
	Ended December 31,
	2023		2022
Operating cash flows related to operating leases	$	140,514	$	236,311
Operating cash flows related to finance leases	$	1,638	$	3,358
Financing cash flows related finance leases	$	16,424	$	16,230

SCHEDULE OF MATURITIES OF OPERATING LEASE LIABILITIES

Maturities of operating lease liabilities were as follows as of December 31, 2023:

	Amount
Within year 1	$	763,409
Within year 2		565,341
Within year 3		347,701
Within year 4		108,548
Within year 5		81,529
Thereafter		236
Total Lease Payments		1,866,764
Less: Imputed interest		(154,633	)
Present Value of lease liabilities		1,712,131
Less: Current portion		(689,770	)
Non-Current portion	$	1,022,361