Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.19.3.a.u2
Commitments and Contingencies (Tables)
6 Months Ended
Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Right Use of Asset

ROU is summarized below:

 

    December 31, 2019  
Office lease ROU   $ 48,662  
Less accumulated reduction     (13,271 )
Balance of ROU asset as of December 31, 2019   $ 35,391  

Schedule of Operating Lease Liability

Operating lease liability related to the ROU asset is summarized below:

 

    December 31, 2019  
Office lease liability   $ 48,662  
Reduction of lease liability     (11,352 )
Total     37,310  
Less: current portion     (14,216 )
Long term portion of lease liability as of December 31, 2019   $ 23,094  

Schedule of Future Minimum Rental Payments for Operating Leases

Future Minimum lease payments under non-cancelable operating lease at December 31, 2019 are as follows:

 

Remainder Fiscal Year 2020   $ 15,120  
Year 2021     23,119  
Total     38,239  
Imputed interest     (929 )
Total operating lease liability   $ 37,310