Lease Commitments (Tables)
|
3 Months Ended |
Sep. 30, 2026 |
|---|
| Commitments and Contingencies Disclosure [Abstract] |
|
| Schedule of Future Minimum Finance Lease Payments |
The
present value of future minimum lease payments due at September 30, 2026 was as follows:
Schedule
of Future Minimum Finance Lease Payments
| | |
| | |
| 2027 | |
$ | - | |
| 2028 | |
| 81,459 | |
| Total minimum payments | |
| 81,459 | |
| Less: amount representing interest | |
| (7,920 | ) |
| Present value of minimum payments | |
$ | 73,539 | |
| Less: current portion | |
| (73,539 | ) |
| Long term portion | |
$ | - | |
|
| Schedule of Future Minimum Operating Lease Payments |
The
present value of future minimum lease payments due at September 30, 2026 was as follows:
Schedule
of Future Minimum Operating Lease Payments
| | |
| | |
| 2027 | |
$ | 2,788,911 | |
| 2028 | |
| 3,588,461 | |
| 2029 | |
| 3,288,045 | |
| 2030 | |
| 3,462,566 | |
| 2031 | |
| 3,455,261 | |
| After 2031 | |
| 11,378,187 | |
| Total future minimum operating lease payments | |
| 27,961,431 | |
| Less: imputed interest | |
| (6,253,953 | ) |
| Total | |
| 21,707,478 | |
| Current portion of operating lease | |
| 2,570,725 | |
| Long term portion of operating lease | |
$ | 19,136,753 | |
|
| Schedule of Balance Sheet Information Related to Leases |
Supplemental
balance sheet information related to leases was as follows:
Schedule
of Balance Sheet Information Related to Leases
| | |
September 30, 2026 | | |
June 30, 2026 | |
| | |
| | |
| |
| Operating lease right-of-use assets | |
$ | 21,315,135 | | |
$ | 14,988,329 | |
| Operating lease liability - current | |
$ | 2,570,725 | | |
$ | 2,023,088 | |
| Operating lease liability – non-current | |
| 19,136,753 | | |
| 13,312,606 | |
| Total operating lease liability | |
$ | 21,707,478 | | |
$ | 15,335,694 | |
|
| Schedule of Other Supplemental Information |
Other
supplemental information:
Schedule
of Other Supplemental Information
| | |
2026 | | |
2025 | |
| | |
For the three months ended September 30, | |
| | |
2026 | | |
2025 | |
| Cash paid for operating lease | |
$ | 988,633 | | |
$ | 832,580 | |
|
| Schedule of Tenant Improvement Allowance |
A
summary of the information related to tenant improvement allowance is as follows:
Schedule
of Tenant Improvement Allowance
| Location | |
Commencement Date | |
September 30, 2026 | | |
June 30, 2026 | |
| 35450 Inland Valley Drive, Wildomar, California: | |
| |
| | | |
| | |
| Phase 1: approximately 5,173 rentable square feet | |
April 1, 2026 | |
$ | 103,460 | | |
$ | 103,460 | |
| Phase 2: approximately 31,057 rentable square feet | |
July 1, 2026 | |
| 281,931 | | |
| 140,772 | |
| Phase 3: approximately 16,896 rentable square feet | |
estimate January 1, 2028 | |
| - | | |
| - | |
| Subtotal | |
| |
| 385,391 | | |
| 244,232 | |
| | |
| |
| | | |
| | |
| 10496 Old Katy Road, Houston Texas | |
estimate before December 31, 2026 | |
| 45,172 | | |
| - | |
| | |
| |
| | | |
| | |
| Total | |
| |
$ | 430,563 | | |
$ | 244,232 | |
|