XML 54 R30.htm IDEA: XBRL DOCUMENT v3.20.2
9. LEASES (Tables)
12 Months Ended
Jun. 30, 2020
Leases [Abstract]  
Schedule of lease cost
Lease cost  

Year ended

June 30,

2020

 
Operating lease cost   $ 209,226  
Variable lease cost     71,297  
Short-term lease cost     18,120  
Total lease cost   $ 298,643  
Supplemental information related to leases

   

 June 30,

2020

 
Operating lease ROU asset   $ 1,266,132  
         
Short-term operating lease liabilities   $ 312,784  
Long-term operating lease liabilities     953,348  
    $ 1,266,132  

  

Supplemental lease term and discount rate information related to leases was as follows:

 

Weighted-average remaining lease term (years)     4.6  
Weighted-average discount rate     5.51 %

 

Supplemental cash flow information related to leases was as follows:

 

   

Year ended

June 30,

2020

 
Cash paid for the amounts included in the measurement of lease liabilities:      
  Operating cash flows for operating leases   $ 318,244  
Supplemental non-cash information on lease liabilities arisng from obtaining right-of-use assets:        
  Right-of-use assets obtained in exchange for new lease obligation   $ 1,339,556  

 

Summary of operating lease liability maturity
Year Ending June 30      
2021   $ 355,164  
2022     277,062  
2023     279,756  
2024     257,316  
2025     265,032  
Less imputed interest     (168,198 )
Total   $ 1,266,132