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OPERATING LEASE RIGHTOFUSE ASSET AND OPERATING LEASE LIABILITY (Tables)
9 Months Ended
Mar. 31, 2024
OPERATING LEASE RIGHTOFUSE ASSET AND OPERATING LEASE LIABILITY  
Schedule of Rent periods

November 1, 2019 to October 31, 2020

 

$4,367

 

November 1, 2020 to October 31, 2021

 

$4,498

 

November 1, 2021 to October 31, 2022

 

$4,633

 

November 1, 2022 to October 31, 2023

 

$4,772

 

November 1, 2023 to October 31, 2024

 

$4,915

 

November 1, 2024 to January 31, 2025

 

$5,063

 

Summary of Right-of-use assets, net

 

 

March 31,

2024

 

 

June 30,

2023

 

Office lease

 

$220,448

 

 

$220,448

 

Less accumulated amortization

 

 

(175,000 )

 

 

(137,537 )

Right of use assets, net

 

$45,448

 

 

$82,911

 

Summary of Operating lease liability

 

 

March 31,

2024

 

 

June 30,

2023

 

Office lease

 

$50,880

 

 

$92,196

 

Less: current portion

 

 

(50,880 )

 

 

(55,999 )

Long term portion

 

$-

 

 

$36,197

 

Summary of maturity of lease liability

Year ended June 30, 2024

 

$15,703

 

Year ended June 30, 2025

 

 

37,112

 

Total future minimum lease payments

 

 

52,815

 

Less: Present value discount

 

 

(1,935 )

Lease liability

 

$50,880