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NOTE 3 - COMMITMENTS AND CONTINGENCIES: Minimum Lease Payments Under Operating Leases (Tables)
9 Months Ended
Mar. 31, 2023
Tables/Schedules  
Minimum Lease Payments Under Operating Leases

 

Minimum Lease Payments Under Operating Leases

 

 

 

 

 

 

 

Office

 

Automotive

 

Total

Year ending June 30,

 

 

 

 

 

 

2022

 

 - 

 

 - 

 

 - 

2023

 

 3,209 

 

 1,103 

 

 4,312 

2024

 

 12,951 

 

 4,412 

 

 17,363 

2025

 

 13,184 

 

 368 

 

 13,552 

Thereafter

 

 13,422 

 

 - 

 

 13,422 

 

 

 

 

 

 

 

Total Operating Lease Obligations

$

 42,766 

 

 5,883 

$

 48,649 

 

 

 

 

 

 

 

Less: Amount representing imputed interest

$

 (1,407)

 

 (83)

$

 (1,490)

Present Value of minimum lease payments

$

 41,359 

 

 5,800 

$

 47,159 

 

 

 

 

 

 

 

 

Weighted average discount rate

 

2%

 

 

 

 

Weighted average remaining term

 

3.01

years