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Leases
12 Months Ended
Jun. 30, 2019
Leases [Abstract]  
Leases

13. Leases

 

On August 1, 2015, the Company moved its corporate and warehouse facilities to a single location aggregating 8,654 feet at 2620 Financial Court, Suite 100, San Diego California 92117. The new lease is for a term of 84 months. The current monthly rental payment, net of utilities for the facility, is $15,995. Future minimum lease payments under the Company’s Facility Lease is as follows:

 

2019: $98,477; 2020: $202,554; 2021: $208,377; 2022: $214,403: Thereafter: $17,909. Rent expense totaled $329,956 and $185,000 for the years ended June 30, 2019 and 2018, respectively.

 

 

 

 

 

2019

 

$98,477

 

2020

 

 

202,554

 

2021

 

 

208,377

 

2022

 

 

214,403

 

 

 

$723,811