v3.25.1
Leases (Notes)
 9 Months Ended
Mar. 31, 2025
Lessee Disclosure [Abstract]  
Lease Leases
    The Company leases certain facilities and equipment under operating leases. Total lease expense, under ASC 842, was included in the cost of goods sold and marketing, general and administrative costs in our unaudited condensed consolidated statements of operations for the three months and nine months ended March 31, 2025 and 2024 as follows:

For the Three Months Ended March 31, For the Nine Months Ended March 31,
2025202420252024
Operating lease costs:
Fixed$89,331 $84,970 $258,782 $254,992 
Total:$89,331 $84,970 $258,782 $254,992 

    The supplemental cash flow information was as follows:
For the Three Months Ended March 31, For the Nine Months Ended March 31,
2025202420252024
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases$89,516 $88,224 $268,266 $262,387 
Total$89,516 $88,224 $268,266 $262,387 



    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 unaudited condensed consolidated balance sheets as of March 31, 2025:
Operating
2025 (reminder of FY 2025)$23,853 
202688,616 
202788,258 
202875,678 
20291,541 
Thereafter385 
Total lease payments278,331 
Less interest 37,558 
Present value of lease liabilities$240,773 

    Average lease terms and discount rates were as follows:
March 31,June 30,
20252024
Weighted-average remaining lease terms (years)
Operating leases
2.111.67
Weighted-average discount rate
Operating leases
5.71 %5.69 %

The Company's corporate office lease and the New York facility lease, both of which expired on December 31, 2024, have been extended for one year. The monthly lease expense is $4,385 and $16,377 respectively. The Company has the option to renew the leases after the lease terms expires. However, it remains uncertain whether the Company will continue to extend. The Company has elected not to apply the standard to leases of 12 months or less, therefore, the two leases are not included in the operating lease ROU assets and lease liabilities as of March 31, 2025. The Company's Wisconsin facility lease, which will expire on April 30, 2025 has been extended to April 30, 2028, and is included in the operating lease ROU assets and lease liabilities as of March 31, 2025.