Quarterly report [Sections 13 or 15(d)]

LEASES (Tables)

v3.25.1
LEASES (Tables)
 9 Months Ended
Mar. 31, 2025
Leases  
SCHEDULE OF BALANCE SHEET INFORMATION RELATED TO LEASE

Supplemental balance sheet information related to leases was as follows:

 

    As of     As of  
    March 31, 2025     June 30, 2024  
Assets                
Operating lease assets, net   $ 930,847     $ 1,328,624  
                 
Liabilities                
Current                
Operating   $ 475,888     $ 608,202  
Non-current                
Operating     422,350       688,749  
Total Lease Liabilities   $ 898,238     $ 1,296,951  
SCHEDULE OF COMPONENTS OF LEASE COST

The components of lease cost were as follows:

 

    2025     2024     2025     2024  
    For the Three Months     For the Nine Months  
    Ended March 31,     Ended March 31,  
    2025     2024     2025     2024  
                         
Amortization of finance lease assets   $ 7,584     $ 3,963     $ 29,181     $ 8,624  
Interest on finance lease obligation     7,584       1,434       13,578       3,073  
Operating lease cost     97,891       99,201       296,229       304,543  
Short term lease cost     51,551       41,087       161,591       122,311  
Sub lease income     (8,406 )     (8,406 )     (25,326 )     (25,011 )
Total lease cost   $ 156,204     $ 137,279     $ 475,253     $ 413,540  
SCHEDULE OF LEASE TERM AND DISCOUNT RATE

Lease term and discount rate were as follows:

 

    As of     As of  
    March 31, 2025     June 30, 2024  
Weighted average remaining lease term - Operating leases      1.57 Years        1.99 Years  
                 
Weighted average discount rate - Operating leases     4.7 %     4.5 %

SCHEDULE OF SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION RELATED TO LEASES

Supplemental disclosures of cash flow information related to leases were as follows:

 

    2025     2024  
    For the Nine Months  
    Ended March 31,  
    2025     2024  
             
Operating cash flows related to operating leases   $ 280,336     $ 230,943  
                 
Operating cash flows related to finance leases   $ 8,833     $ 3,070  
                 
Financing cash flows related finance leases   $ 12,122     $ 20,180  
SCHEDULE OF MATURITIES OF OPERATING LEASE LIABILITIES

Maturities of operating lease liabilities were as follows as of March 31, 2025:

 

    Amount  
Within year 1   $ 515,226  
Within year 2     303,741  
Within year 3     126,440  
Within year 4     18,957  
Within year 5     118  
Total Lease Payments     964,482  
Less: Imputed interest     (66,244 )
Present Value of lease liabilities     898,238  
Less: Current portion     (475,888 )
Non-Current portion   $ 422,350