COMMITMENTS AND CONTINGENCIES (Tables)

3 Months Ended

Sep. 30, 2021

COMMITMENTS AND CONTINGENCIES [Abstract]

Balance Sheet Classifications of Leases

As of September 30, 2021, the Company’s balance sheet classifications of its leases are as follows:

Operating Leases:
Noncurrent operating lease ROU assets	$	3,779,395
Current operating lease liabilities	$	612,988
Noncurrent operating lease liabilities		3,418,110
Total operating lease liabilities	$	4,031,098

Remaining Future Payments Under Operating Leases

As of September 30, 2021, the Company’s remaining future payments under operating leases for each fiscal year ending June 30 are as follows:

2022	$	410,799
2023		869,742
2024		893,660
2025		918,236
2026		943,487
2027		317,327
Total lease payments		4,353,251
Less: imputed interest		322,153
Present value of lease payments		4,031,098
Less: current lease obligations		612,988
Total long-term lease obligations	$	3,418,110