Operating Lease (Tables)

12 Months Ended

Jun. 30, 2023

Operating Lease

Lease cost tables

	June 30,		June 30,
	2023		2022
Lease costs:
Operating lease (included in general and administrative in the Company’s consolidated statement of operations)	$	76,000	$	78,000
Other information:
Cash paid for amounts included in the measurement of lease liabilities	$	72,000	$	72,000
Weighted average remaining lease term – operating leases (in years)		1.6		2.6
Average discount rate – operating leases		4%		4%
The supplemental balance sheet information related to leases for the period is as follows:
Long-term right-of-use assets	$	113,000	$	180,000
Short-term operating lease liabilities	$	68,000	$	63,000
Long-term operating lease liabilities		53,000		127,000
Total operating lease liabilities	$	121,000	$	190,000

Schedule of lease liability maturities

	Operating
Year Ending June 30:	Lease
2024	$	78,000
2025		53,000
Total lease payments		131,000
Less: Imputed interest/present value		(10,000	)
Present value of lease liabilities	$	121,000