LEASES (Tables)

12 Months Ended

Jun. 30, 2023

LEASES [Abstract]

Balance Sheet Classification

Right-of-use assets and lease liabilities by lease type, and the associated balance sheet classifications, are as follows:

	Balance Sheet Classification	June 30, 2023
Right-of-use assets:
Finance leases	Real estate assets, net	$	644,616
Lease liabilities:
Finance leases	Finance lease liabilities	$	628,420

We have included these leases in real estate assets, net as follows:

	June 30, 2023
Building, fixtures and improvements	$	658,695
Accumulated depreciation		(14,079	)
Lease Expense	$	644,616

Components of Total Lease Cost

The components of total lease cost were as follows for the year ended June 30, 2023:

	June 30, 2023
Finance lease cost
Right-of-use asset amortization	$	14,079
Interest expense		12,325
Total lease cost	$	26,404

Future Undiscounted Lease Payments for Finance Leases

Future undiscounted lease payments for finance leases with initial terms of one year or more are as follows:

Fiscal Year Ending June 30, :	Finance Leases
2024	$	86,361
2025		89,813
2026		93,408
2027		97,079
2028		100,960
Thereafter		286,082
Total undiscounted lease payments		753,703
Less: Imputed interest		(125,283	)
Net lease liabilities	$	628,420

Supplemental Finance Lease Information

Supplemental Lease Information

	June 30, 2023
Finance lease weighted average remaining lease term (years)	7.53 years
Finance lease weighted average discount rate		5.0	%
Cash paid for amounts included in the measurement of lease liabilities
Financing cash flows from finance leases	$	30,276
Right-of-use assets obtained in exchange for new finance lease liabilities	$	658,695