COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Jun. 30, 2023

COMMITMENTS AND CONTINGENCIES [Abstract]

Balance Sheet Classifications of Leases

As of June 30, 2023, the Company’s balance sheet classifications of its leases are as follows:

Operating Leases:
Noncurrent operating lease ROU assets	$	2,183,232
Current operating lease liabilities	$	880,126
Noncurrent operating lease liabilities		2,047,742
Total operating lease liabilities	$	2,927,868

Remaining Future Payments Under Operating Leases

As of June 30, 2023, the Company’s remaining future payments under operating leases for each fiscal year ending June 30 are as follows:

2024	$	893,660
2025		918,236
2026		943,487
2027		317,327
Total lease payments		3,072,710
Less: imputed interest		144,842
Present value of lease payments		2,927,868
Less: current lease liability		880,126
Total long-term lease liability	$	2,047,742