COMMITMENTS AND CONTINGENCIES (Tables)

6 Months Ended

Dec. 31, 2023

COMMITMENTS AND CONTINGENCIES [Abstract]

Balance Sheet Classifications of Leases

As of December 31, 2023, the Company’s balance sheet classifications of its leases are as follows:

Operating Leases:
Noncurrent operating lease ROU assets	$	1,872,832
Current operating lease liabilities	$	892,147
Noncurrent operating lease liabilities		1,631,724
Total operating lease liabilities	$	2,523,871

Remaining Future Payments Under Operating Leases

As of December 31, 2023, the Company’s remaining future payments under operating leases for each fiscal year ending June 30 are as follows:

2024	$	450,852
2025		918,236
2026		943,487
2027		317,327
Total lease payments	$	2,629,902
Less: imputed interest		106,031
Present value of lease payments		2,523,871
Less: current lease obligations		892,147
Total long-term lease obligations	$	1,631,724