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

COMMITMENTS AND CONTINGENCIES (Tables)

v3.23.3
COMMITMENTS AND CONTINGENCIES (Tables)
12 Months Ended
Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]  
SCHEDULE OF RIGHT OF USE ASSET

ROU is summarized below:

 

    June 30, 2023     June 30, 2022  
Office lease   $ 66,201     $ 66,201  
Less: accumulated amortization     (27,213 )     (3,678 )
Right-of-use asset, net   $ 38,988     $ 62,523  
SCHEDULE OF OPERATING LEASE LIABILITY

Operating lease liabilities are summarized below:

 

    June 30, 2023     June 30, 2022  
Office lease   $ 66,201     $ 66,201  
Reduction of lease liability     (25,418 )     (3,277 )
Less: office lease, current portion     (21,505 )     (20,605 )
Long term portion of lease liability   $ 19,278     $ 42,319  
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS

Remaining future minimum lease payments under the non-cancelable operating lease at June 30, 2023 are as follows:

 

         
Fiscal Year 2024   $ 23,990  
Fiscal Year 2025     19,992  
Imputed interest     (3,199 )
Total operating lease liability   $ 40,783