Leases (Notes)

12 Months Ended

Jun. 30, 2022

Leases 842 [Abstract]

Lessee, Operating Leases

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, 2022 and 2021 as follows:

	Year Ended June 30,
	2022		2021
Operating lease costs:
Fixed	337,774		346,302
Total:	$	337,774	$	346,302

    Supplemental cash flow information was as follows:

	Year Ended June 30,
	2022		2021
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases	334,912		$	335,549
Total	$	334,912	$	335,549

    Leases recorded on the balance sheet consist of the following:

		June 30,
Leases (operating)	Classification on the Balance Sheet	2022		2021
Assets
Operating lease ROU assets	Right-of-use asset	$	788,257	$	843,559
Liabilities
Current	Current portion of operating lease liabilities	$	304,737	$	279,051
Non-current	Operating lease liabilities	$	538,794	$	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, 2022:

    The aggregate future lease payments for operating leases as of June 30, 2022 were as follows:

	Operating
2023	343,242
2024	350,142
2025	211,215
2026	2,728
Total lease payments	907,327
Less interest	63,796
Present value of lease liabilities	$	843,531

    Average lease terms and discount rates were as follows:

	June 30,
	2022		2021
Weighted-average remaining lease terms (years)
Operating leases	2.61		3.35
Weighted-average discount rate
Operating leases	5.65	%	5.65	%

On April 28, 2022 the Company extended the lease agreement for its Wisconsin warehouse, which will end in April 30, 2022 for a term of three years. The lease agreement has a lease ROU assets and lease liability of approximately $224,000, respectively. The Company classified the amended lease as an operating lease under ASC 842.