OPERATING LEASE RIGHTOFUSE ASSET AND OPERATING LEASE LIABILITY (Tables)

3 Months Ended

Sep. 30, 2021

OPERATING LEASE RIGHTOFUSE ASSET AND OPERATING LEASE LIABILITY

Schedule of rent periods

	Base
Rent Periods	Rent
February 1, 2020 to October 1, 2020	$	4,367
November 1, 2020 to October 1, 2021	$	4,498
November 1, 2021 to October 1, 2022	$	4,633
November 1, 2021 to October 1, 2022	$	4,771
November 1, 2023 to October 1, 2024	$	4,915
November 1, 2024 to January 1, 2025	$	5,063

Summary of Right-of-use assets, net

	September 30,
	2021
Office lease	$	220,448
Less: accumulated amortization		(61,061	)
Right-of-use asset, net	$	159,387

Summary of Operating lease liability

	September 30, 2021
Office lease	$	173,826
Less: current portion		(44,160	)
Long term portion		129,667

Maturity of the lease liability is as follows:

Fiscal year ending June 30, 2022	$	44,266
Fiscal year ending June 30, 2023		60,392
Fiscal year ending June 30, 2024		62,201
Fiscal year ending June 30, 2025		37,112
		203,971
Present value discount		(30,144	)
Lease liability	$	173,826