General form for registration of securities under the Securities Act of 1933

COMMITMENTS AND CONTINGENCIES (Tables)

v3.25.3
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