Leases (Tables)
|
9 Months Ended |
Mar. 31, 2025 |
|---|
| Leases |
|
| Schedule of components of lease expense |
| | Three Months Ended March 31, | | | Nine Months Ended March 31, | | | | 2025 | | | 2024 | | | 2025 | | | 2024 | | Operating lease cost | | $ | 265,245 | | | $ | 238,051 | | | $ | 803,725 | | | $ | 681,726 | | Finance lease cost: | | | | | | | | | | | | | | | | | Depreciation of lease assets | | | 45,466 | | | | 23,971 | | | | 126,198 | | | | 57,868 | | Interest on lease liabilities | | | 18,105 | | | | 9,712 | | | | 49,194 | | | | 25,104 | | Total finance lease cost | | | 63,571 | | | | 33,683 | | | | 175,392 | | | | 82,972 | | Total lease cost | | $ | 328,816 | | | $ | 271,734 | | | $ | 979,117 | | | $ | 764,698 | |
|
| Supplement Balance Sheet Information |
| | Classification | | March 31, 2025 | | | June 30, 2024 | | Assets: | | | | | | | | | Operating lease assets | | Operating lease assets | | $ | 6,457,530 | | | $ | 6,741,549 | | Finance lease assets | | Property and equipment, net(1) | | | 928,661 | | | | 1,063,768 | | Total lease assets | | | | $ | 7,386,191 | | | $ | 7,805,317 | | | | | | | | | | | | | Liabilities: | | | | | | | | | | | Current: | | | | | | | | | | | Operating leases | | Operating lease liabilities, current | | $ | 1,271,740 | | | $ | 1,059,998 | | Finance leases | | Finance lease liabilities, current | | | 203,954 | | | | 177,148 | | | | | | | | | | | | | Noncurrent: | | | | | | | | | | | Operating leases | | Operating lease liabilities, less current portion | | | 7,518,766 | | | | 8,058,502 | | Finance leases | | Finance lease liabilities, less current portion | | | 457,441 | | | | 528,753 | | Total lease liabilities | | | | $ | 9,451,901 | | | $ | 9,824,401 | |
|
| Schedule of Lease Term And Discount Rate |
Lease Term and Discount Rate | | March 31, 2025 | | | Weighted Average Remaining Lease Term (in years) | | | | Operating leases | | | 8.4 | | Finance leases | | | 2.9 | | | | | | | | Weighted Average Discount Rate | | | | | Operating leases | | | 2.8 | % | Finance leases | | | 7.1 | % |
|
| Supplemental Cash Flow Information |
| | Nine Months Ended March 31, | | | | 2025 | | | 2024 | | Cash paid for amounts included in the measurement of lease liabilities: | | | | | | | Operating cash used for operating leases | | $ | 887,180 | | | $ | 634,033 | | Operating cash used for finance leases | | $ | 49,194 | | | $ | 25,105 | | Financing cash used for finance leases | | $ | 142,523 | | | $ | 87,610 | |
|
| Future Maturities Of Lease Liabilities |
Fiscal year ending: | | Finance Leases | | | Operating Leases | | June 30, 2025 (remaining three months) | | $ | 82,061 | | | $ | 344,553 | | June 30, 2026 | | | 243,229 | | | | 1,409,059 | | June 30, 2027 | | | 216,580 | | | | 1,281,635 | | June 30, 2028 | | | 173,283 | | | | 1,157,748 | | June 30, 2029 | | | 57,642 | | | | 1,187,989 | | Thereafter | | | — | | | | 5,571,134 | | Total future minimum payments | | | 772,795 | | | | 10,952,118 | | Less imputed interest | | | (111,400 | ) | | | (2,161,612 | ) | Present value of lease liabilities | | $ | 661,395 | | | $ | 8,790,506 | |
|