Leases (Tables)

9 Months Ended

Mar. 31, 2022

Leases

Schedule of Operating ROU Assets and Lease Liability

Information related to the Company’s operating right of use assets and related lease liabilities are as follows:

	Nine months ended March 31, 2022
Cash paid for operating lease liabilities	$	4,872
Weighted-average remaining lease term		1.00
Weighted-average discount rate		5	%
Minimum future lease payments	$	4,607

SCHEDULE OF AMORTIZATION OF LEASE LIABILITIES

The following table presents the amortization of the Company’s lease liabilities under ASC 842 for each of the following years ending March 31:

2023	$	4,732
2024		-
2025		-
2026		-
2027 and thereafter		-
Total undiscounted lease liabilities		4,732
Less: Amount representing interest		(126	)
Total present value of minimum lease payments	$	4,607