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Lease Agreements
3 Months Ended
Sep. 30, 2020
Leases [Abstract]  
Lease Agreements

Note 9- Lease Agreements

 

The Company has financing lease liabilities for offices and warehouses with monthly installments of $12,449 (ranging from $1,083 to $3,524) including imputed interest (ranging from 0% to 2%), over 2 year terms plus extensions, expiring through July 2022.

 

Right-of-use assets:

 
 

Operating right-of-use assets

$249,299

Operating lease liabilities:

 
 

Current portion of long term payable

135,099

 

Financing leases payable, less current portion

114,200

   
 

Total financing lease liabilities

$249,299

 

As of September 30, 2020, financing lease maturities are as follows:

 

Period ending September 30,

 

2021

$135,099

2022

81,523

2022

32,677

  
 

$249,299

 

As of September 30, 2020, the weighted average remaining lease term was 1.67 years.