LEASE

9 Months Ended

Mar. 31, 2025

Disclosure Text Block [Abstract]

LEASE

NOTE 13 – LEASE

The Company has a month-to-month leases agreement with GKT, Alhambra, LP after the prior lease expired on November 30, 2023. The current monthly rent including monthly management fee is $4,939.17.

The Company has entered into an operating lease agreement with SoCal Industrial LLC, Irwindale. The lease term of the office space is from June 1, 2024 to May 31, 2026 after the prior lease expired on May 31, 2024. The current monthly rent including monthly management fee is $1,940.40. The operating lease is listed as a separate line item on the Company’s consolidated financial statements and represents the Company’s right to use the underlying asset for the lease term. The Company’s obligation to make lease payments is also listed as a separate line item on the Company’s condensed consolidated financial statements.

Operating lease right-of-use assets and liabilities commencing are recognized at commencement date based on the present value of lease payments over the lease term. For the nine months ending March 31, 2025, the Company recognized approximately $61,916 in total lease costs.

Because the rate implicit in each lease is not readily determinable, the Company uses its incremental borrowing rate to determine the present value of the lease payments.

Information related to the Company’s operating ROU assets and related lease liabilities are as follows:

	Nine months ended March 31, 2025
Cash paid for operating lease liabilities	$	61,916
Weighted-average remaining lease term		0.88
Weighted-average discount rate		5	%
Minimum future lease payments	$	28,133

The following table presents the amortization of the Company’s lease liabilities under ASC 842 for each of the following years ending March 31:

2025		21,189
2026		6,944
Total minimum payments		28,133
Less: imputed interest		(980	)
Total lease liability		27,153
Less: short-term lease liability		(5,576	)
Long-term lease liability	$	21,577