OPERATING LEASES - LESSEE

3 Months Ended

Sep. 30, 2025

Operating Leases - Lessee

OPERATING LEASES - LESSEE

17. OPERATING LEASES - LESSEE

The Company leases office space under a non-cancelable operating lease with a term of five years. The lease provides the Company with the right to use the underlying office facility in exchange for fixed lease payments over the lease term. The lease is accounted for in accordance with ASC 842, Leases, and the related right-of-use (“ROU”) asset and operating lease liability are recognized on the consolidated balance sheets at the present value of future lease payments.

As of September 30, 2025, the Company did not have any additional operating leases that had been executed but were not yet commenced. No other significant new lease obligations, modifications, or renewals were entered into during the reporting period.

The maturity schedule of future minimum lease payments under operating leases and the reconciliation to the operating lease liabilities reported on the

Consolidated Balance Sheets was as follows:

	September 30,
	2025
Remaining nine months ending June 30, 2026	$	68,140
2027		92,220
Thereafter		31,113
Total operating lease payments		191,473
Present value adjustment		(12,454	)
Total operating lease liabilities	$	179,019

As of September 30, 2025, the total operating lease liability amount of $179,019 consists of current and long-term portion of operating lease liabilities of $90,990 and $88,029 respectively.

Operating lease costs were $21,963 and $87,850.64 for the three months ended September 30, 2025 and the year ended June 30, 2025, respectively.

The following table summarizes the weighted-average remaining lease term and weighted-average discount rate related to the Company’s operating leases as of September 30, 2024:

	September 30,
	2025
Weighted-average remaining lease term, years		2.1
Weighted-average discount rate, %		7.0	%