Commitments and Contingencies (Details Narrative) |
12 Months Ended | |||
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Feb. 26, 2020
USD ($)
ft²
$ / shares
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Apr. 25, 2019
USD ($)
ft²
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Jun. 30, 2021
USD ($)
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Jun. 30, 2020
USD ($)
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Monthly rental payment | $ 841,000 | $ 673,000 | ||
Accutek [Member] | ||||
Area of land | ft² | 17,539 | 45,600 | ||
Lease term | 7 years 4 months | |||
Lease option to extend | The Company entered into the First Amendment to Standard Industrial/Commercial Multi-Tenant Lease dated April 25, 2019 (the “Amendment”) with Accutek to rent an additional 16,309 rentable square feet of space plus a residential unit of approximately 1,230 rentable square feet (for a total of approximately 17,539 rentable square feet). | The lease contains an option to extend the term for two periods of 24 months, and the right of first refusal to lease an additional approximate 15,300 square feet. | ||
Lease expiration date | Nov. 20, 2026 | |||
Lease, per rentable square | $ / shares | $ 0.93 | |||
Operating lease, description | The lease for the additional space commenced 30 days following the occupancy date of the additional space, and terminates concurrently with the term for the lease of the original lease, which expires on November 20, 2026. The base rent for the additional space is the same rate as the space rented under the terms of the original lease, $0.93 per rentable square (subject to 3% annual increase). | |||
Total purchase price of office furniture | $ 8,300 | |||
Accutek [Member] | First 12 Months [Member] | ||||
Monthly rental payment | $ 42,400 | |||
Escalating lease payment percentage | 3.00% |
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- Definition Escalating lease payment percentage. No definition available.
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- Definition Lease, per rentable square. No definition available.
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- Definition Area of land held. No definition available.
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- Definition Date which lease or group of leases is set to expire, in YYYY-MM-DD format. No definition available.
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- Definition Description of lessee's operating lease. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Description of terms and conditions of option to extend lessee's operating lease. Includes, but is not limited to, information about option recognized as part of right-of-use asset and lease liability. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Term of lessee's operating lease renewal, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Cash payments to lessor's for use of assets under operating leases. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The cash outflow for acquisition of furniture and fixtures. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Details
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- Details
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