Leases (Tables)

6 Months Ended

Dec. 31, 2024

Leases [Abstract]

Schedule of Operating and Finance Leases

The lease liability in connection with operating and finance leases are included in non-current lease liabilities and current portion of lease liabilities on the consolidated balance sheets as follows:

Operating leases:	December 31, 2024		June 30, 2024
Operating lease right-of-use assets	$	427,910	$	689,165
Current portion of operating lease liabilities	$	260,074	$	443,519
Long-term portion of operating lease liabilities		106,155		235,492
Total operating lease liabilities	$	366,229	$	679,011

Finance leases:	December 31, 2024		June 30, 2024
Property, plant and equipment, net	$	72,061	$	82,077
Current portion of finance lease liabilities	$	6,960	$	7,141
Long-term portion of finance lease liabilities		165,226		177,403
Total finance lease liabilities	$	172,186	$	184,544

	Three months ended December 31, 2024		Three months ended December 31, 2023			Six months ended December 31, 2024		Six months ended December 31, 2023
Operating lease expense:
Operating lease expense	$	144,504	$	212,015		$	291,294	$	428,847
Short-term lease expense		-		9,665			1,629		17,353
Total operating lease expense		144,504		221,680			292,923		446,200
Finance lease expense:
Amortization of leased assets		10,016		11,653			20,402		23,488
Interest on lease liabilities		2,140		2,392			4,380		4,884
Total finance lease expense		12,156		14,045			24,782		28,372
Rental income		-		(59,088	)		-		(116,841	)
Total lease costs	$	156,660	$	176,637		$	317,705	$	357,731

	December 31, 2024
Weighted-average remaining lease term (in years)
Operating leases		1.3
Finance expense		1.47
Weighted-average discount rate:
Operating leases		12	%
Finance expense		4.89	%

Schedule of Maturities of Operating and Finance Lease Liabilities

As of December 31, 2024, the maturities of our operating lease liabilities (excluding short-term leases) are as follows:

	Operating leases		Finance leases
2025		285,658		15,164
2026		108,278		168,542
Total minimum lease payments		393,936		183,706
Less: interest		27,707		11,520
Present value of lease obligations		366,229		172,186
Less: Current portion		260,074		6,960
Long-term portion of lease obligations		106,155		165,226