Quarterly report pursuant to Section 13 or 15(d)

COMMITMENTS AND CONTINGENCIES (Tables)

v3.22.2.2
COMMITMENTS AND CONTINGENCIES (Tables)
3 Months Ended
Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]  
SCHEDULE OF RIGHT USE OF ASSET

ROU is summarized below:

 

    September 30, 2022     June 30, 2022  
Office lease   $ 66,201     $ 66,201  
Less: accumulated amortization     (13,176 )     (3,678 )
Right-of-use asset, net   $ 53,025     $ 62,523  
SCHEDULE OF OPERATING LEASE LIABILITY

Operating Lease liabilities are summarized below:

 

    September 30, 2022     June 30, 2022  
Office lease   $ 66,201     $ 66,201  
Reduction of lease liability     (12,322 )     (3,277 )
Less: office lease, current portion     (14,516 )     (20,605 )
Long term portion of lease liability   $ 39,363     $ 42,319  
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS

Remaining future minimum lease payments under non-cancelable operating lease at September 30, 2022 are as follows:

 

         
Fiscal Year 2023   $ 17,366  
Fiscal Year 2024     23,155  
Fiscal Year 2025     19,296  
Imputed interest     (5,938 )
Total operating lease liability   $ 53,879