Annual report pursuant to Section 13 and 15(d)

Finance Lease Obligation (Tables)

v3.22.2.2
Finance Lease Obligation (Tables)
12 Months Ended
Jun. 30, 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):

    

Years ended

June 30, 

2022

2021

Finance lease cost:

 

  

 

  

Amortization of ROU assets

$

599

$

1,651

Interest on lease liabilities

 

816

 

2,447

CPI lease cost

 

64

 

200

Total lease cost

$

1,479

$

4,298

 

  

 

  

Other information:

 

  

 

  

Cash paid for amounts included in the measurement lease liabilities:

 

  

 

  

Operating cash flows from finance lease - CPI rent

$

64

$

200

Financing cash flows from finance lease obligation

$

5,830

$

331

    

Years Ended

June 30,

2022

2021

Finance lease ROU assets

$

74

$

26,111

Finance lease obligation - current portion

$

46

$

367

Finance lease obligation - non-current portion

$

30

$

31,755

Weighted average remaining lease term - finance lease

 

1.76

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 capitalized lease obligations are due as follows:

Fiscal year ending on June 30:

    

Principal

    

Interest

    

Total

2023

$

46

$

4

$

50

2024

 

30

 

1

 

31

 

  

 

  

 

  

Total minimum lease payments

 

76

$

5

$

81

Less: current portion

 

(46)

 

  

 

  

Long-term portion of minimum lease obligations

$

30