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

Commitments and Contingencies (Tables)

v3.20.2
Commitments and Contingencies (Tables)
9 Months Ended 12 Months Ended
Mar. 31, 2020
Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]    
Schedule of Future Minimum Lease Payments

The Future Minimum Lease Payments are:

 

Three months period ending 6/30/2020   $ 127,000  
2021     393,000  
2022     496,000  
2023     513,000  
2024     572,000  
Thereafter     1,454,000  
Total Future Minimum Lease Payments     3,555,000  
Less: discount     (924,000 )
Total lease liability   $ 2,631,000  

The Future Minimum Lease Payments for the new lease are:

 

2020   $ 381,814  
2021     393,269  
2022     496,354  
2023     512,518  
2024     571,590  
Thereafter     1,454,497  
         
Total Future Minimum Lease Payments   $ 3,810,042