Quarterly report pursuant to Section 13 or 15(d)

Finance Lease Obligation (Tables)

v3.23.1
Finance Lease Obligation (Tables)
6 Months Ended
Dec. 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

December 31, 

December 31, 

2022

2021

Finance lease cost:

 

  

  

Amortization of ROU assets

$

75

$

Interest on lease liabilities

 

16

 

Total lease cost

$

91

$

 

  

 

  

Other information:

 

  

 

  

Cash paid for amounts included in the measurement lease liabilities:

 

  

 

  

Operating cash flows from finance lease

$

$

Financing cash flows from finance lease obligations

$

72

$

    

Six Months Ended

Six Months Ended

December 31, 

December 31, 

2022

2021

Finance lease cost:

 

  

  

Amortization of ROU assets

$

88

$

Interest on lease liabilities

 

17

 

Total lease cost

$

105

$

 

  

 

  

Other information:

 

  

 

  

Cash paid for amounts included in the measurement lease liabilities:

 

  

 

  

Operating cash flows from finance lease

$

$

Financing cash flows from finance lease obligations

$

82

$

Schedule of finance lease and weighted average information

December 31, 

June 30,

2022

2022

Finance lease ROU assets

$

746

$

Finance lease obligation - current portion

$

259

$

Finance lease obligation - noncurrent portion

$

490

$

Weighted average remaining lease term - finance lease

 

2.59

years

 

years

Weighted average discount rate - finance lease obligation

 

9.50

%

 

%

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

2023

$

152

$

43

$

195

2024

168

26

194

2025

 

155

 

8

 

163

 

  

 

  

 

  

Total minimum lease payments

 

475

$

77

$

552

Less: current portion

 

(152)

 

  

 

  

Long-term portion of minimum lease obligations

$

323