Quarterly report pursuant to Section 13 or 15(d)

COMMITMENTS AND CONTINGENCIES (Tables)

v3.22.4
COMMITMENTS AND CONTINGENCIES (Tables)
6 Months Ended
Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]  
SCHEDULE OF RIGHT USE OF ASSET

ROU is summarized below:

 

    December 31, 2022     June 30, 2022  
Office lease   $ 66,201     $ 66,201  
Less: accumulated amortization     (15,530 )     (3,678 )
Right-of-use asset, net   $ 50,671     $ 62,523  
SCHEDULE OF OPERATING LEASE LIABILITY

Operating Lease liabilities are summarized below:

 

    December 31, 2022     June 30, 2022  
Office lease   $ 66,201     $ 66,201  
Reduction of lease liability     (14,214 )     (3,277 )
Less: office lease, current portion     (21,102 )     (20,605 )
Long term portion of lease liability   $ 30,885     $ 42,319  
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS

Remaining future minimum lease payments under non-cancelable operating lease at December 31, 2022 are as follows:

 

         
Fiscal Year 2023 (remaining)   $ 12,249  
Fiscal Year 2024     24,498  
Fiscal Year 2025     20,415  
Imputed interest     (5,175 )
Total operating lease liability   $ 51,987