XML 58 R48.htm IDEA: XBRL DOCUMENT v3.22.4
Leases (Tables)
12 Months Ended
Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Supplemental Disclosures Related to Operating Lease

  

As of June 30, 2022    
Lease Cost     
Operating lease cost (included in general and administration in the Company’s unaudited condensed statement of operations)  $308,925 
      
Other Information     
Cash paid for amounts included in the measurement of lease liabilities for the year ended June 30, 2022  $243,406 
Remaining lease term – operating leases (in years)   1.75 
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  $219,494 
Long-term right-of-use assets  $266,760 
Total operating lease assets  $486,253 
      
Short-term operating lease liabilities  $233,201 
Long-term operating lease liabilities  $290,948 
Total operating lease liabilities  $524,149 
Schedule of Maturities of Lease Liabilities

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

 

  

Year Ended June 30, 2022  Operating
Lease
 
2023  $273,425 
2024   172,465 
2025   147,446 
Total lease payments   593,336 
Less: Imputed interest/present value discount   (69,187)
Present value of lease liabilities  $524,149