Quarterly report pursuant to Section 13 or 15(d)

Finance Lease Obligations (Tables)

v3.24.0.1
Finance Lease Obligations (Tables)
6 Months Ended
Dec. 31, 2023
Finance Lease Obligations [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, 

2023

2022

Finance lease cost:

 

  

  

Amortization of ROU assets

$

68

$

75

Interest on lease liabilities

 

13

 

16

Total lease cost

$

81

$

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

$

67

$

72

    

Six Months Ended

Six Months Ended

December 31, 

December 31, 

2023

2022

Finance lease cost:

 

  

  

Amortization of ROU assets

$

136

$

88

Interest on lease liabilities

 

27

 

17

Total lease cost

$

163

$

105

 

  

 

  

Other information:

 

  

 

  

Cash paid for amounts included in the measurement lease liabilities:

 

  

 

  

Financing cash flows from finance lease obligations

$

133

$

82

December 31, 

June 30,

2023

2023

Finance lease ROU assets

$

475

$

610

Finance lease obligation - current portion

$

285

$

272

Finance lease obligation - noncurrent portion

$

205

$

351

Weighted-average remaining lease term - finance lease

 

1.67

years

 

2.17

years

Weighted-average discount rate - finance lease obligation

 

9.50

%

 

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

2024

$

168

$

26

$

194

2025

 

155

 

8

 

163

 

  

 

  

 

  

Total minimum equipment financing payments

 

323

$

34

$

357

Less: current portion

 

(168)

 

  

 

  

Long-term portion of minimum equipment financing obligation

$

155

 

  

 

  

Schedule of Future Minimum Payments Under Finance Lease Obligation

Future minimum payments under the finance lease obligation are as follows (in thousands):

Fiscal year ending on December 31:

    

Principal

    

Interest

    

Total

2024

$

285

$

35

$

320

2025

205

7

212

 

  

 

  

 

  

Total minimum lease payments

 

490

$

42

$

532

Less: current portion

 

(285)

 

  

 

  

Long-term portion of minimum lease obligations

$

205