NOTE 7 – OPERATING & FINANCING LEASES (Tables)

12 Months Ended

Jun. 30, 2021

Note 7 Operating Financing Leases

Reconciliation of operating and financing lease payments

Reconciliation of operating and financing lease payments
Year Ending June 30,	Operating Lease Payments			Financing Lease Payments
2022	$	5,077,656		$	244,343
2023		5,172,157			244,343
2024		4,837,900			244,343
2025		4,725,550			244,343
2026		4,285,124			244,343
Thereafter		16,950,126			162,898
Present value discount		(8,539,725	)		(133,441	)
Total lease liability	$	32,508,788		$	1,251,172

Weighted Average Remaining Lease Term

Operating leases - years	9.4
Finance lease - years	5.6
Weighted Average Discount Rate
Operating leases	5.5	%
Finance lease	3.6	%

Components of lease expense

Components of lease expense
	For Year Ended
	June 30, 2021		June 30, 2020
Operating lease cost	$	6,145,701	$	5,135,604
Finance lease cost:
Depreciation of leased equipment	$	198,881	$	—
Interest on lease liabilities		47,472		—
Total finance lease cost	$	246,353	$	—

Supplemental cash flow information related to leases

Supplemental cash flow information related to leases
	For year ended
Cash paid for amounts included in the measurement of lease liabilities:	June 30, 2021		June 30, 2020
Operating cash flows from operating leases	$	4,970,934	$	4,170,977
Financing cash flows from financing leases	$	130,038	$
Right-of-use & equipment assets obtained in exchange for lease obligations:
Operating leases(1)	$	1,531,889	$	34,786,611
Financing leases	$	—	$	1,325,871