Annual report pursuant to Section 13 and 15(d)

COMMITMENTS AND CONTINGENCIES (Tables)

v3.22.2.2
COMMITMENTS AND CONTINGENCIES (Tables)
12 Months Ended
Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]  
SCHEDULE OF RIGHT USE OF ASSET

ROU is summarized below:

 

    June 30, 2022     June 30, 2021  
Office lease   $ 66,201     $ 48,662  
Less: accumulated amortization     (3,678 )     (48,662 )
Right-of-use asset, net   $ 62,523     $ -  
SCHEDULE OF OPERATING LEASE LIABILITY

Operating Lease liabilities are summarized below:

 

    June 30, 2022     June 30, 2021  
Office lease   $ 66,201     $ 48,662  
Reduction of lease liability     (3,277 )     (48,662 )
Less: office lease, current portion     (20,605 )     -  
Long term portion of lease liability   $ 42,319     $ -  
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS

Remaining future minimum lease payments under non-cancelable operating lease at June 30, 2022 are as follows:

 

         
Fiscal Year 2023   $ 24,894  
Fiscal Year 2024     24,894  
Fiscal Year 2025     20,745  
Imputed interest     (7,609 )
Total operating lease liability   $ 62,924