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Leases
12 Months Ended
Jun. 30, 2020
Leases  
Note 10 - Leases

The following is a summary of future minimum lease payments and related liabilities for all non-cancelable operating leases maturing as of June 30:

 

 

 

Operating

Leases

 

2021

 

$

125,419

 

2022

 

 

70,843

 

Thereafter

 

 

-

 

Total minimum lease payments including interest

 

 

196,262

 

Less: Amounts representing interest

 

 

(28,064)

 

Present value of minimum lease payments

 

 

168,198

 

Less:Current portion of lease liabilities

 

 

(103,049)

 

Non-current portion of lease liabilities

 

 

65,149

 

 

 

 

 

 

Cash payments on lease liabilities

 

$

146,692

 

Weighted average remaining lease term

 

1 year

 

Weighted average discount rate

 

 

10

%