COMMITMENTS AND CONTINGENCIES (Tables)
|
9 Months Ended |
12 Months Ended |
Mar. 31, 2023 |
Jun. 30, 2022 |
| Commitments and Contingencies Disclosure [Abstract] |
|
|
| SCHEDULE OF RIGHT OF USE ASSET |
ROU
is summarized below:
SCHEDULE
OF RIGHT OF USE ASSET
| |
|
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 |
|
|
ROU
is summarized below:
SCHEDULE OF RIGHT USE OF ASSET
| |
|
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:
SCHEDULE
OF OPERATING LEASE LIABILITY
| |
|
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 |
|
|
Operating
Lease liabilities are summarized below:
SCHEDULE OF OPERATING LEASE LIABILITY
| |
|
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 the non-cancelable operating lease at March 31, 2023 are as follows:
SCHEDULE
OF FUTURE MINIMUM LEASE PAYMENTS
| |
|
|
|
|
| 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 |
|
|
Remaining
future minimum lease payments under non-cancelable operating lease at June 30, 2022 are as follows:
SCHEDULE
OF FUTURE MINIMUM LEASE PAYMENTS
| |
|
|
|
|
| Fiscal Year 2023 (remaining) |
|
|
|
|
| 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 |
|
|