iBio Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Finance Lease Obligation (Tables)

Finance Lease Obligation (Tables)

6 Months Ended

Dec. 31, 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).


	Three Months Ended		Three Months Ended
	December 31,		December 31,
	2021		2020
Finance lease cost:
Amortization of right-of-use assets	$	147	$	415
Interest on lease liabilities		206		612
CPI lease cost		15		44
Total lease cost	$	368	$	1,071

Other information:
Cash paid for amounts included in the measurement lease liabilities:
Operating cash flows from finance lease - CPI rent	$	15	$	44
Financing cash flows from finance lease obligations	$	5,722	$	74


	Six Months Ended		Six Months Ended
	December 31,		December 31,
	2021		2020
Finance lease cost:
Amortization of right-of-use assets	$	563	$	830
Interest on lease liabilities		815		1,226
CPI lease cost		64		86
Total lease cost	$	1,442	$	2,142

Other information:
Cash paid for amounts included in the measurement lease liabilities:
Operating cash flows from finance lease - CPI rent	$	64	$	86
Financing cash flows from finance lease obligations	$	5,810	$	147

Schedule of finance lease and weighted average information


	December 31,			June 30,
	2021			2021
Finance lease right-of-use assets	$	109		$	26,111
Finance lease obligation - current portion	$	45		$	367
Finance lease obligation - noncurrent portion	$	51		$	31,755
Weighted average remaining lease term - finance lease		2.25	years		28.58	years
Weighted average discount rate - finance lease obligation		6.25	%		7.606	%

Future Minimum Payments Under the Finance Lease Obligation

Future minimum payments under the finance lease obligation are due as follows (in thousands):


Fiscal period ending on December 31:	Principal		Interest		Total
2022	$	45	$	5	$	50
2023		40		2		42
2024		11		—		11

Total minimum lease payments		96	$	7	$	103
Less: current portion		(45)
Long-term portion of minimum lease obligations	$	51