Leases (Policies)

12 Months Ended

Jun. 30, 2021

Leases 842 [Abstract]

Leases of Lessee Disclosure [Text Block]

The Company leases certain facilities and equipment under operating leases. Total lease expense, under ASC 842, was included in cost of goods sold and marketing, general and administrative costs in our unaudited condensed consolidated statement of operations for the years ended June 30, 2021 and 2020 as follows:

	Year Ended June 30,
	2021		2020
Operating lease costs:
Fixed	346,302		407,757
Total:	$	346,302	$	407,757

    Supplemental cash flow information was as follows:

	Year Ended June 30,
	2021		2020
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases	335,549		$	391,384
Total	$	335,549	$	391,384

    Leases recorded on the balance sheet consist of the following:

		June 30,
Leases (operating)	Classification on the Balance Sheet	2021
Assets
Operating lease ROU assets	Right-of-use asset	$	843,559
Liabilities
Current	Current portion of operating lease liabilities	$	279,051
Non-current	Operating lease liabilities	$	630,330

    The table below reconciles the undiscounted future minimum lease payments (displayed by year and in the aggregate)

under noncancelable operating leases with terms of more than one year to the total operating lease liabilities

recognized on the consolidated balance sheets as of June 30, 2021:

    The aggregate future lease payments for operating leases as of June 30, 2021 were as follows:

	Operating
2022	$	321,612
2023	263,162
2024	268,372
2025	141,865
2026	2,728
Total lease payments	997,739
Less interest	88,358
Present value of lease liabilities	$	909,381

    Average lease terms and discount rates were as follows:

	June 30,
	2021		2020
Weighted-average remaining lease terms (years)
Operating leases	3.35		4.17
Weighted-average discount rate
Operating leases	5.65	%	5.65	%