Leases (Tables)

9 Months Ended

Mar. 31, 2023

Leases

Schedule of leases

The following tables present information about the Company’s leases as of and for the three and nine months ended March 31, 2023:

	As of
	March 31, 2023
Right-to-use assets	$	619,002
Lease liability		611,460
Weighted average remaining lease term		7.04 years
Weighted average discount rate		3.24%
	Three Months		Nine Months
	Ended March 31,		Ended March 31,
	2023		2023
Operating lease costs	$	31,929	$	95,788
Short-term lease costs		9,570		28,710
Total lease costs	$	41,499	$	124,498
Cash paid for amounts included in measurement of lease liabilities	$	30,999	$	92,997

Schedule of future minimum lease payments

A maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total of operating lease liabilities is as follows:

	As of March 31,
	2023
Lease payments due
Three months ending June 30, 2023	$	20,760
Year ending June 30, 2024		125,220
Year ending June 30, 2025		105,013
Year ending June 30, 2026		103,622
Year ending June 30, 2027		99,575
Thereafter		233,999
Total		688,189
Discount		76,729
Lease liability	$	611,460