Quarterly report pursuant to Section 13 or 15(d)

Capital Lease Obligation (Tables)

v3.19.1
Capital Lease Obligation (Tables)
 9 Months Ended
Mar. 31, 2019
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 March 31:
 
Principal
 
 
Interest
 
 
Total
 
2019
 
$
208,924
 
 
$
1,891,076
 
 
$
2,100,000
 
2020
 
 
225,277
 
 
 
1,874,723
 
 
 
2,100,000
 
2021
 
 
242,911
 
 
 
1,857,089
 
 
 
2,100,000
 
2022
 
 
261,924
 
 
 
1,838,076
 
 
 
2,100,000
 
2023
 
 
282,426
 
 
 
1,817,574
 
 
 
2,100,000
 
Thereafter
 
 
23,713,438
 
 
 
30,886,562
 
 
 
54,600,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total minimum lease payments
 
 
24,934,900
 
 
$
40,165,100
 
 
$
65,100,000
 
Less: current portion
 
 
(208,924
)
 
 
 
 
 
 
 
 
Long-term portion of minimum lease obligations
 
$
24,725,976