v3.25.2
Operating Leases (Tables)
12 Months Ended
Jun. 30, 2024
Operating Leases  
Schedule of undiscounted future minimum lease payments

2025

 

$1,031,714

 

2026

 

 

762,364

 

2027

 

 

504,795

 

2028

 

 

486,733

 

2029

 

 

221,715

 

Total undiscounted future minimum lease payments

 

 

3,007,321

 

Less: Imputed interest

 

 

(243,001)

 

 

 

2,764,320

 

Less: current portion

 

 

(1,031,714)

Present value of operating lease obligation

 

$1,732,606

 

Schedule of weighted average lease term and weighted average discount rate

Weighted average remaining lease term

 

47 Months

 

Weighted average incremental borrowing rate

 

 

5.0%

Weighted average remaining lease term

 

29 Months

 

Weighted average incremental borrowing rate

 

 

5.0%
Schedule of components of lease expenses

 

 

June 30, 2024

 

 

June 30, 2023

 

Finance lease expense:

 

 

 

 

 

 

Amortization of ROU assets

 

$669,260

 

 

$228,147

 

Interest expense

 

 

99,633

 

 

 

28,043

 

Operating lease cost

 

 

16,181

 

 

 

16,804

 

Short-term lease expense

 

 

670,173

 

 

 

772,929

 

Variable lease expense

 

 

169,309

 

 

 

29,113

 

Total lease cost

 

$1,624,556

 

 

$1,075,036