iBio Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Finance Lease Obligation (Tables)

Finance Lease Obligation (Tables)

12 Months Ended

Jun. 30, 2023

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):


	Year Ended		Year Ended
	June 30,		June 30,
	2023		2022
Finance lease cost:
Amortization of ROU assets	$	224	$	—
Interest on lease liabilities		49		—
Total lease cost	$	273	$	—

Other information:
Cash paid for amounts included in the measurement lease liabilities:
Financing cash flows from finance lease obligations	$	208	$	—


	June 30,			June 30,
	2023			2023
Finance lease ROU assets	$	610		$	—
Finance lease obligation - current portion	$	272		$	—
Finance lease obligation - noncurrent portion	$	351		$	—
Weighted average remaining lease term - finance lease		2.17	years		—	years
Weighted average discount rate - finance lease obligation		9.50	%		—	%

Future Minimum Payments Under the Finance Lease Obligation


Fiscal period ending on March 31:	Principal		Interest		Total
2024	$	160	$	35	$	195
2025		177		17		194
2026		64		1		65

Total minimum equipment financing payments		401	$	53	$	454
Less: current portion		(160)
Long-term portion of minimum equipment financing obligation	$	241

Capitalized Lease, Liability, to be Paid, Maturity [Table Text Block]

Future minimum payments under the capitalized lease obligations are due as follows:


Fiscal year ending on June 30:	Principal		Interest		Total
2024	$	272	$	47	$	319
2025		299		20		319
2026		52		1		53

Total minimum lease payments		623	$	68	$	691
Less: current portion		(272)
Long-term portion of minimum lease obligations	$	351