Quarterly report pursuant to Section 13 or 15(d)

Finance Lease Obligation (Tables)

v3.22.1
Finance Lease Obligation (Tables)
9 Months Ended
Mar. 31, 2022
Finance Lease Obligation [Abstract]  
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