COMMITMENTS AND CONTINGENCIES (Tables)

6 Months Ended

Dec. 31, 2021

COMMITMENTS AND CONTINGENCIES [Abstract]

Balance Sheet Classifications of Leases

As of December 31, 2021, the Company’s balance sheet classifications of its leases are as follows:

Operating Leases:
Noncurrent operating lease ROU assets	$	3,605,817
Current operating lease liabilities	$	774,024
Noncurrent operating lease liabilities		3,230,281
Total operating lease liabilities	$	4,004,305

Remaining Future Payments Under Operating Leases

As of December 31, 2021, the Company’s remaining future payments under operating leases for each fiscal year ending June 30 are as follows:

2022	$	355,868
2023		869,742
2024		893,660
2025		918,236
2026		943,487
2027		317,327
Total lease payments		4,298,320
Less: imputed interest		294,015
Present value of lease payments		4,004,305
Less: current lease obligations		774,024
Total long-term lease obligations	$	3,230,281