NOTE 7 - COMMITMENTS AND CONTINGENCIES: Minimum Lease Payments Under Operating Leases (Details) |
12 Months Ended |
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Jun. 30, 2022
USD ($)
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Office | |
2023 | $ 12,279 |
2024 | 12,500 |
2025 | 12,725 |
Thereafter | 12,953 |
Total Operating Lease Obligations | 50,457 |
Less: Amount representing imputed interest | (2,028) |
Present Value of minimum lease payments | $ 48,429 |
Weighted average discount rate | 2.00% |
Weighted average remaining terms | 3 years 8 months 15 days |
Automobile | |
2023 | $ 4,258 |
2024 | 4,258 |
2025 | 355 |
Thereafter | 0 |
Total Operating Lease Obligations | 8,871 |
Less: Amount representing imputed interest | (189) |
Present Value of minimum lease payments | 8,682 |
2023 | 16,537 |
2024 | 16,758 |
2025 | 13,080 |
Thereafter | 12,953 |
Total Operating Lease Obligations | 59,328 |
Less: Amount representing imputed interest | (2,217) |
Present Value of minimum lease payments | $ 57,111 |
X | ||||||||||
- Definition Amount of rent expense incurred for leased assets, including but not limited to, furniture and equipment, that is not directly or indirectly associated with the manufacture, sale or creation of a product or product line. No definition available.
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X | ||||||||||
- Definition Discount rate used by lessee to determine present value of operating lease payments. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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X | ||||||||||
- Definition Remaining lease term of operating lease, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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X | ||||||||||
- Definition Present value of lessee's discounted obligation for lease payments from operating lease. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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X | ||||||||||
- Definition Amount of required minimum rental payments for leases having an initial or remaining non-cancelable letter-terms in excess of one year. Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
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X | ||||||||||
- Definition Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
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X | ||||||||||
- Definition Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the third fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
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X | ||||||||||
- Definition Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the second fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
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X | ||||||||||
- Definition Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due after the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
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- Details
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- Details
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