Quarterly report pursuant to Section 13 or 15(d)

COMMITMENTS AND CONTINGENCIES (Tables)

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

ROU is summarized below:

 

    September 30, 2023     June 30, 2023  
Office lease   $ 66,201     $ 66,201  
Less: accumulated amortization     (33,722 )     (27,213 )
Right-of-use asset, net   $ 32,479     $ 38,988  
SCHEDULE OF OPERATING LEASE LIABILITY

Operating Lease liabilities are summarized below:

 

    September 30, 2023     June 30, 2023  
Office lease   $ 66,201     $ 66,201  
Reduction of lease liability     (31,894 )     (25,418 )
Less: office lease, current portion     (21,161 )     (21,505 )
Long term portion of lease liability   $ 13,146     $ 19,278  
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS

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

 

         
Fiscal Year 2024   $ 17,356  
Fiscal Year 2025     19,284  
Imputed interest     (2,333 )
Total operating lease liability   $ 34,307