Annual report [Section 13 and 15(d), not S-K Item 405]

COMMITMENTS AND CONTINGENCIES (Tables)

v3.25.2
COMMITMENTS AND CONTINGENCIES (Tables)
 12 Months Ended
Jun. 30, 2025
Commitments and Contingencies Disclosure [Abstract]  
SCHEDULE OF FINANCE LEASES

The Company has finance leases outstanding as of June 30, 2025 as follows:

SCHEDULE OF FINANCE LEASES 

Lease Date   Property Leased   Lease
Term
(months)		     Commencement
Date		   Monthly Lease
Payment(1)		  
9/2/2022   Vehicle     60     9/10/2022   $ 1,100  
10/17/2022   Manufacturing equipment     36     10/17/2022   $ 5,500  
1/24/2023   Manufacturing equipment     36     1/24/2023   $ 6,700  
3/2/2023   Manufacturing equipment     36     3/2/2023   $ 1,000  

 

(1) Excludes sales tax and other fees.
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS

Future minimum lease payments as of June 30, 2025 are as follows:

 

 SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS 

    Operating Leases     Finance Leases  
Years ending June 30,                
2026   $ 910,000     $ 85,000  
2027     433,000       15,000  
2028     64,000       20,000  
Total future minimum lease payments     1,407,000       120,000  
Less: discount     (86,000 )     (8,000 )
Total lease liability     1,321,000       112,000  
Less: leases payable, current portion     (815,000 )     (80,000 )
Leases payable, noncurrent portion   $ 506,000     $ 32,000