General form of registration statement for all companies including face-amount certificate companies

Commitments and Contingencies (Tables)

v3.19.3.a.u2
Commitments and Contingencies (Tables)
3 Months Ended 12 Months Ended
Sep. 30, 2019
Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]    
Schedule of Right Use of Asset

ROU is summarized below:

 

    September 30, 2019  
Office lease ROU   $ 46,696  
Less accumulated reduction     (6,367 )
Balance of ROU asset as of September 30, 2019   $ 40,329  

 
Schedule of Operating Lease Liability

Operating lease liability related to the ROU asset is summarized below:

 

    September 30, 2019  
Office lease liability   $ 46,696  
Reduction of lease liability     (5,403 )
Total     41,293  
Less: current portion     (19,132 )
Long term portion of lease liability as of September 30, 2019   $ 22,161  

 
Schedule of Future Minimum Rental Payments for Operating Leases

Future Minimum lease payments under non-cancelable operating lease at September 30, 2019 are as follows:

 

Remainder Fiscal Year 2020   $ 20,036  
Year 2021     22,778  
Total     42,814  
Imputed interest     (1,521 )
Total operating lease liability   $ 41,293  

Future minimum operating lease commitments consisted of the following at June 30, 2019:

 

Fiscal Year Ended June 30,   Amount
(USD)
 
2020   $ 27,756  
2021   $ 25,443