XML 47 R38.htm IDEA: XBRL DOCUMENT v3.21.1
Commitments and Contingencies (Tables)
9 Months Ended
Mar. 31, 2021
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Supplemental Disclosures Related to Operating Lease
Nine Months Ended      
March 31, 2021      
Lease Cost        
Operating lease cost (included in general and administration in the Company’s unaudited condensed statement of operations)   $ 231,694  
         
Other Information        
Cash paid for amounts included in the measurement of lease liabilities for the nine months ended March 31, 2021   $ 163,170  
Remaining lease term – operating leases (in years)     3.00  
Average discount rate – operating leases     10 %
The supplemental balance sheet information related to leases for the periods are as follows:        
         
Operating leases        
Short-term right-of-use assets   $ 237,555  
Long-term right-of-use assets   $ 549,262  
Total operating lease assets   $ 786,817  
         
Short-term operating lease liabilities   $ 231,305  
Long-term operating lease liabilities   $ 591,115  
Total operating lease liabilities   $ 822,420  

Schedule of Maturities of Lease Liabilities

Maturities of the Company’s lease liabilities are as follows:

 

    Operating  
Period ending June 30,   Lease  
2021   $ 78,825  
2022     305,040  
2023     273,425  
2024     172,465  
2025     147,446  
Total lease payments     977,200  
         
Less: Imputed interest/present value discount     (154,780 )
Present value of lease liabilities   $ 822,420