Leases (Tables)
|
12 Months Ended |
Jun. 30, 2025 |
|---|
| Leases |
|
| Lease costs |
| | Year Ended June 30, | | | | 2025 | | | 2024 | | Operating lease cost | | $ | 1,051,861 | | | $ | 947,154 | | Finance lease cost: | | | | | | | | | Depreciation of lease assets | | | 171,664 | | | | 95,546 | | Interest on lease liabilities | | | 66,608 | | | | 39,972 | | Total finance lease cost | | | 238,272 | | | | 135,518 | | Total lease cost | | $ | 1,290,133 | | | $ | 1,082,672 | |
|
| Supplemental lease information |
| | Classification | | June 30, 2025 | | | June 30, 2024 | | Assets: | | | | | | | | | Operating lease assets | | Operating lease assets | | $ | 7,429,378 | | | $ | 6,741,549 | | Finance lease assets | | Property and equipment, net(1) | | | 920,569 | | | | 1,063,768 | | Total lease assets | | | | $ | 8,349,947 | | | $ | 7,805,317 | | | | | | | | | | | | | Liabilities: | | | | | | | | | | | Current: | | | | | | | | | | | Operating leases | | Operating lease liabilities, current | | $ | 1,254,062 | | | $ | 1,059,998 | | Finance leases | | Finance lease liabilities, current | | | 206,518 | | | | 177,148 | | | | | | | | | | | | | Noncurrent: | | | | | | | | | | | Operating leases | | Operating lease liabilities, less current portion | | | 8,326,250 | | | | 8,058,502 | | Finance leases | | Finance lease liabilities, less current portion | | | 421,363 | | | | 528,753 | | Total lease liabilities | | | | $ | 10,208,193 | | | $ | 9,824,401 | |
|
| Schedule of lease term and discount rate of lease |
Lease Term and Discount Rate | | June 30, 2025 | | Weighted Average Remaining Lease Term (in years) | | | | Operating leases | | | 8.0 | | Finance leases | | | 2.8 | | | | | | | Weighted Average Discount Rate | | | | | Operating leases | | | 2.9 | % | Finance leases | | | 7.0 | % |
|
| Supplemental cash flow information |
| | Year Ended June 30, | | | | 2025 | | | 2024 | | Cash paid for amounts included in the measurement of lease liabilities: | | | | | | | Operating cash used for operating leases | | $ | 1,189,231 | | | $ | 932,122 | | Operating cash used for finance leases | | $ | 66,608 | | | $ | 39,972 | | Financing cash used for finance leases | | $ | 187,626 | | | $ | 131,901 | |
|
| Future maturities of lease liabilities |
Fiscal year ending: | | Finance Leases | | | Operating Leases | | June 30, 2026 | | $ | 250,289 | | | $ | 1,508,593 | | June 30, 2027 | | | 223,640 | | | | 1,381,169 | | June 30, 2028 | | | 180,343 | | | | 1,214,136 | | June 30, 2029 | | | 57,642 | | | | 1,201,232 | | June 30, 2030 | | | — | | | | 1,232,156 | | Thereafter | | | — | | | | 4,358,843 | | Total future minimum payments | | | 711,914 | | | | 10,896,129 | | Less imputed interest | | | (84,033 | ) | | | (1,315,817 | ) | Present value of lease liabilities | | $ | 627,881 | | | $ | 9,580,312 | |
|