LEASES (Tables)
|
12 Months Ended |
Jun. 30, 2025 |
|---|
| Leases |
|
| SCHEDULE OF BALANCE SHEET INFORMATION RELATED TO LEASE |
Supplemental
balance sheet information related to leases was as follows:
SCHEDULE OF BALANCE SHEET INFORMATION RELATED TO LEASE
| |
|
As
of |
|
|
As
of |
|
| |
|
June
30, 2025 |
|
|
June
30, 2024 |
|
| Assets |
|
|
|
|
|
|
|
|
| Operating
lease assets, net |
|
$ |
809,513 |
|
|
$ |
1,328,624 |
|
| |
|
|
|
|
|
|
|
|
| Liabilities |
|
|
|
|
|
|
|
|
| Current |
|
|
|
|
|
|
|
|
| Operating |
|
$ |
433,242 |
|
|
$ |
608,202 |
|
| Operating, Current |
|
$ |
433,242 |
|
|
$ |
608,202 |
|
| Non-current |
|
|
|
|
|
|
|
|
| Operating |
|
|
333,374 |
|
|
|
688,749 |
|
| Operating, Noncurrent |
|
|
333,374 |
|
|
|
688,749 |
|
| Total
Lease Liabilities |
|
$ |
766,616 |
|
|
$ |
1,296,951 |
|
|
| SCHEDULE OF COMPONENTS OF LEASE COST |
The
components of lease cost were as follows:
SCHEDULE OF COMPONENTS OF LEASE COST
| |
|
2025 |
|
|
2024 |
|
| |
|
For
the Years |
|
| |
|
Ended
June 30, |
|
| |
|
2025 |
|
|
2024 |
|
| |
|
|
|
|
|
|
| Amortization
of finance lease assets |
|
$ |
37,228 |
|
|
$ |
15,061 |
|
| Interest
on finance lease obligation |
|
|
11,845 |
|
|
|
6,206 |
|
| Operating
lease cost |
|
|
383,760 |
|
|
|
403,438 |
|
| Short
term lease cost |
|
|
237,733 |
|
|
|
297,014 |
|
| Sub
lease income |
|
|
(34,180 |
) |
|
|
(33,417 |
) |
| Total
lease cost |
|
$ |
636,386 |
|
|
$ |
688,302 |
|
|
| SCHEDULE OF LEASE TERM AND DISCOUNT RATE |
Lease
term and discount rate were as follows:
SCHEDULE OF LEASE TERM AND DISCOUNT RATE
| |
|
As
of |
|
|
As
of |
|
| |
|
June
30, 2025 |
|
|
June
30, 2024 |
|
| |
|
|
|
|
|
|
| Weighted
average remaining lease term - Operating leases |
|
|
1.44
Years |
|
|
|
1.99
Years |
|
| |
|
|
|
|
|
|
|
|
| Weighted
average discount rate - Operating leases |
|
|
4.8 |
% |
|
|
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:
SCHEDULE OF SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION RELATED TO LEASES
| |
|
2025 |
|
|
2024 |
|
| |
|
For
the Years |
|
| |
|
Ended
June 30, |
|
| |
|
2025 |
|
|
2024 |
|
| |
|
|
|
|
|
|
| Operating
cash flows related to operating leases |
|
$ |
364,956 |
|
|
$ |
322,953 |
|
| |
|
|
|
|
|
|
|
|
| Operating
cash flows related to finance leases |
|
$ |
11,841 |
|
|
$ |
6,203 |
|
| |
|
|
|
|
|
|
|
|
| Financing
cash flows related finance leases |
|
$ |
15,109 |
|
|
$ |
25,477 |
|
|
| SCHEDULE OF MATURITIES OF OPERATING LEASE LIABILITIES |
Maturities
of operating lease liabilities were as follows as of June 30, 2025:
SCHEDULE OF MATURITIES OF OPERATING LEASE LIABILITIES
| |
|
Amount |
|
| Within
year 1 |
|
$ |
468,065 |
|
| Within
year 2 |
|
|
243,590 |
|
| Within
year 3 |
|
|
111,053 |
|
| Within
year 4 |
|
|
465 |
|
| Total
Lease Payments |
|
|
823,173 |
|
| Less:
Imputed interest |
|
|
(56,557 |
) |
| Present
Value of lease liabilities |
|
|
766,616 |
|
| Less:
Current portion |
|
|
(433,242 |
) |
| Non-Current
portion |
|
$ |
333,374 |
|
|