v3.26.3
Leases (Tables)
12 Months Ended
Jun. 30, 2026
Leases  
Schedule of operating lease liabilities

2027

 

$319,932

 

2028

 

 

329,051

 

2029

 

 

42,027

 

Total undiscounted future minimum lease payments

 

 

691,010

 

Less: Imputed interest

 

 

(33,608 )

Present value of operating lease payable 

 

 

657,402

 

Less: current portion of operating lease payable

 

 

(295,167 )

Operating lease payable, net of current portion

 

$362,235

 

Weighted average remaining lease term and discount rate for operating leases

 

 

June 30,

 

 

 

2026

 

 

2025

 

Weighted average remaining lease term months

 

 

26

 

 

 

26

 

Weighted average incremental borrowing rate

 

 

5.0%

 

 

5.0%
Components of lease expenses

 

 

Year Ended June 30,

 

 

 

2026

 

 

2025

 

Lease expense:

 

 

 

 

 

 

Amortization of ROU assets

 

$620,412

 

 

$741,745

 

Interest expense

 

 

62,723

 

 

 

103,805

 

Operating lease cost

 

 

7,640

 

 

 

15,029

 

Variable lease expense

 

 

163,302

 

 

 

293,292

 

Total lease expense

 

$854,077

 

 

$1,153,871