LEASES |
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| LEASES | NOTE 12. LEASES
The Company has two non-cancellable operating leases with original lease periods expiring in August 2035 and April 2029.
Cash paid for leases were $435,921 and $390,878 for the year ended June 30, 2026 and 2025, respectively.
The components of operating lease expense are as follows:
As of June 30, 2026 and 2025, the weighted average remaining lease-term was 8.7 years and 0.5 years, respectively, and the weighted-average discount rate was 11.95% and 13.20%, respectively.
The reconciliation of the maturities of the operating leases to the operating lease liabilities recorded in the consolidated balance sheet as of June 30, 2026, is as follows:
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