Accrued Liabilities and Acquisition Payable

9 Months Ended

Mar. 31, 2024

Accrued Liabilities and Acquisition Payable

Accrued Liabilities and Acquisition Payable

Note 8. Accrued Liabilities and Acquisition Payable

Accrued liabilities consist of the following:

	March 31, 2024		June 30, 2023
Accrued interest	$	876,775		655,187
Accrued vendor liabilities		278,689		861,664
Accrued sales tax		35,491		47,070
Accrued expenses from sale of manufacturing operations		1,191,423		1,360,000
Other accrued liabilities		168,771		441,641
	$	2,551,149	$	3,365,562

Acquisition Payable consists of the following:

	March 31, 2024		June 30, 2023
Payments related to the acquisition of Cygnet	$	300,000	$	-
	$	300,000	$	-

These payables are amounts estimated by management that are due to the sellers of and acquisition and include the original purchase price installment payments not represented with a debt, equity, or other instrument, estimates of excess or deficiencies in working capital and estimates of future earnout payments.