Quarterly report pursuant to Section 13 or 15(d)

COMMITMENTS AND CONTINGENCIES (Tables)

v3.23.1
COMMITMENTS AND CONTINGENCIES (Tables)
9 Months Ended
Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]  
SCHEDULE OF RIGHT OF USE ASSET

ROU is summarized below:

 

    March 31, 2023     June 30, 2022  
Office lease   $ 66,201     $ 66,201  
Less: accumulated amortization     (21,677 )     (3,678 )
Right-of-use asset, net   $ 44,524     $ 62,523  
SCHEDULE OF OPERATING LEASE LIABILITY

Operating lease liabilities are summarized below:

 

    March 31, 2023     June 30, 2022  
Office lease   $ 66,201     $ 66,201  
Reduction of lease liability     (20,077 )     (3,277 )
Less: office lease, current portion     (21,185 )     (20,605 )
Long term portion of lease liability   $ 24,939     $ 42,319  
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS

Remaining future minimum lease payments under the non-cancelable operating lease at March 31, 2023 are as follows:

 

         
Fiscal Year 2023 (remaining)   $ 6,027  
Fiscal Year 2024     24,109  
Fiscal Year 2025     20,091  
Imputed interest     (4,103 )
Total operating lease liability   $ 46,124