Operating Lease ROU Assets
|6 Months Ended|
Dec. 31, 2022
|Operating Lease ROU Assets [Abstract]|
|Operating Lease ROU Assets||
10. Operating Lease ROU Assets
San Diego, California
On September 10, 2021, the Company entered into a lease for approximately 11,383 square feet of space in San Diego, California. Based on the terms of the lease payments, the Company recorded an operating lease ROU asset of $3,603,000. The net carrying amount of this ROU operating lease asset was $2,873,000 and $3,068,000 at December 31, 2022 and June 30, 2022, respectively.
On November 1, 2021, as discussed above, iBio CDMO acquired the Facility and became the tenant under the ground lease for the Property upon which the Facility is located. Based on the terms of the lease payments, the Company recorded an operating lease ROU asset of $1,967,000. The net amount of this ROU operating lease asset is included in assets held for sale.
See Note 15 - Operating Lease Obligation for additional information.
The entire disclosure for lessee's right to use underlying asset under operating lease.
No definition available.