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)

9 Months Ended

Mar. 31, 2022

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
	March 31,		March 31,
	2022		2021
Finance lease cost:
Amortization of ROU assets	$	24	$	406
Interest on lease liabilities		—		610
CPI lease cost		—		49
Total lease cost	$	24	$	1,065

Other information:
Cash paid for amounts included in the measurement lease liabilities:
Operating cash flows from finance lease - CPI rent	$	—	$	49
Financing cash flows from finance lease obligations	$	10	$	74


	Nine Months Ended		Nine Months Ended
	March 31,		March 31,
	2022		2021
Finance lease cost:
Amortization of ROU assets	$	587	$	1,236
Interest on lease liabilities		815		1,836
CPI lease cost		64		135
Total lease cost	$	1,466	$	3,207

Other information:
Cash paid for amounts included in the measurement lease liabilities:
Operating cash flows from finance lease - CPI rent	$	64	$	135
Financing cash flows from finance lease obligations	$	5,820	$	223

Schedule of finance lease and weighted average information


	March 31,			June 30,
	2022			2021
Finance lease ROU assets	$	86		$	26,111
Finance lease obligation - current portion	$	45		$	367
Finance lease obligation - noncurrent portion	$	41		$	31,755
Weighted average remaining lease term - finance lease		2.01	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 March 31 :	Principal		Interest		Total
2023	$	45	$	5	$	50
2024		41		1		42

Total minimum lease payments		86	$	6	$	92
Less: current portion		(45)
Long-term portion of minimum lease obligations	$	41