Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.20.1
Commitments and Contingencies (Tables)
9 Months Ended
Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Right Use of Asset

ROU is summarized below:

 

    March 31, 2020  
Office lease ROU   $ 48,662  
Less accumulated reduction     (23,703 )
Balance of ROU asset as of March 31, 2020   $ 24,959  

Schedule of Operating Lease Liability

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

 

    March 31, 2020  
Office lease liability   $ 48,662  
Reduction of lease liability     (21,327 )
Total     27,335  
Less: current portion     (7,290 )
Long term portion of lease liability as of March 31, 2020   $ 20,045  

Schedule of Future Minimum Rental Payments for Operating Leases

Future Minimum lease payments under non-cancelable operating lease at March 31, 2020 are as follows:

 

Remainder Fiscal Year 2020   $ 6,780  
Year 2021     22,822  
Total     29,602  
Imputed interest     (2,267 )
Total operating lease liability   $ 27,335