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

COMMITMENTS AND CONTINGENCIES (Tables)

v3.26.1
COMMITMENTS AND CONTINGENCIES (Tables)
 12 Months Ended
Jun. 30, 2026
Commitments and Contingencies Disclosure [Abstract]  
SCHEDULE OF FINANCE LEASES

The Company has three finance leases outstanding as of June 30, 2026 as follows:

 

Lease / Renewal
Date		   Property Leased   Lease Term
(months)		     Monthly
Payment(1)		  
9/2/2022   Vehicle   60     $ 1,200  
10/17/2025   Manufacturing equipment   11     $ 5,500  
10/3/2025   Manufacturing equipment   16     $ 6,700  

 

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

Future minimum lease payments as of June 30, 2026 are as follows:

 

    Operating Leases     Finance Leases  
Fiscal years ending June 30,                
2027   $ 956,000     $ 54,000  
2028     980,000       21,000  
2029     387,000       -  
Total future minimum lease payments     2,323,000       75,000  
Less: discount     (187,000 )     (4,000 )
Total lease liability     2,136,000       71,000  
Less: leases payable, current portion     (862,000 )     (52,000 )
Leases payable, noncurrent portion   $ 1,274,000     $ 19,000