COMMITMENTS AND CONTINGENCIES (Tables)

9 Months Ended

Mar. 31, 2022

COMMITMENTS AND CONTINGENCIES [Abstract]

Balance Sheet Classifications of Leases

As of March 31, 2022, the Company’s balance sheet classifications of its leases are as follows:

Operating Leases:
Noncurrent operating lease ROU assets	$	2,935,124
Current operating lease liabilities	$	850,781
Noncurrent operating lease liabilities		3,039,216
Total operating lease liabilities	$	3,889,997

Remaining Future Payments Under Operating Leases

As of March 31, 2022, the Company’s remaining future payments under operating leases for each fiscal year ending June 30 are as follows:

2022	$	213,521
2023		869,742
2024		893,660
2025		918,236
2026		943,487
2027		317,327
Total lease payments		4,155,973
Less: imputed interest		265,976
Present value of lease payments		3,889,997
Less: current lease liability		850,781
Total long-term lease liability	$	3,039,216