Quarterly report pursuant to Section 13 or 15(d)

Capital Lease Obligation (Tables)

v3.10.0.1
Capital Lease Obligation (Tables)
6 Months Ended
Dec. 31, 2018
Table Text Block Supplement [Abstract]  
Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block]
Future minimum payments under the capitalized lease obligation are due as follows:
 
Fiscal period ending on December 31:
 
Principal
 
 
Interest
 
 
Total
 
2019
 
$
205,025
 
 
$
1,894,975
 
 
$
2,100,000
 
2020
 
 
221,073
 
 
 
1,878,927
 
 
 
2,100,000
 
2021
 
 
238,377
 
 
 
1,861,623
 
 
 
2,100,000
 
2022
 
 
257,036
 
 
 
1,842,964
 
 
 
2,100,000
 
2023
 
 
277,155
 
 
 
1,822,845
 
 
 
2,100,000
 
Thereafter
 
 
23,786,052
 
 
 
31,338,948
 
 
 
55,125,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total minimum lease payments
 
 
24,984,718
 
 
$
40,640,282
 
 
$
65,625,000
 
Less: current portion
 
 
(205,025
)
 
 
 
 
 
 
 
 
Long-term portion of minimum lease obligations
 
$
24,779,693