Quarterly report pursuant to Section 13 or 15(d)

Financial Instruments and Fair Value Measurement

v3.19.3.a.u2
Financial Instruments and Fair Value Measurement
6 Months Ended
Dec. 31, 2019
Financial Instruments and Fair Value Measurement  
Financial Instruments and Fair Value Measurement

4.   Financial Instruments and Fair Value Measurement

The carrying values of cash, accounts receivable and accounts payable in the Company’s condensed consolidated balance sheets approximated their fair values as of December 31, 2019 and June 30, 2019 due to their short-term nature. The carrying value of the finance (capital) lease obligation approximated its fair value as of December 31, 2019 and June 30, 2019 as the interest rate used to discount the lease payments approximated market.