iBio Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Finance Lease Obligation (Tables)

Finance Lease Obligation (Tables)

12 Months Ended

Jun. 30, 2021

Schedule of components of lease expense and supplemental balance sheet information related to the finance lease obligation

The following tables present the components of lease expense and supplemental balance sheet information related to the finance lease obligation (in thousands):


	Years ended
	June 30,
	2021		2020
Finance lease cost:
Amortization of right-of-use assets	$	1,651	$	1,661
Interest on lease liabilities		2,447		2,446
Operating lease cost		200		150
Total lease cost	$	4,298	$	4,257

Other information:
Cash paid for amounts included in the measurement lease liabilities:
Operating cash flows from operating lease	$	200	$	150
Financing cash flows from finance lease obligation	$	331	$	66


	Years Ended
	June 30,
	2021			2020
Finance lease right-of-use assets	$	26,111		$	27,616
Finance lease obligation - current portion	$	367		$	301
Finance lease obligation - non-current portion	$	31,755		$	32,007
Weighted average remaining lease term - finance lease		28.58	years		29.68	years
Weighted average discount rate - finance lease obligation		7.606	%		7.608	%

Future Minimum Payments Under the Finance Lease Obligation

Future minimum payments under the capitalized lease obligations are due as follows:


Fiscal period ending on June 30:	Principal		Interest		Total
2021	$	367	$	2,429	$	2,796
2022		392		2,404		2,796
2023		410		2,374		2,784
2024		406		2,344		2,750
2025		438		2,312		2,750
Thereafter		30,109		35,204		65,313

Total minimum lease payments		32,122	$	47,067	$	79,189
Less: current portion		(367)
Long-term portion of minimum lease obligations	$	31,755