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LEASES | 12 Months Ended
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Jun. 30, 2022
Leases [Abstract] |
LEASES | LEASES Lessee accounting We have operating leases which are primarily real estate leases used for corporate functions, product development, sales, and other purposes. The following table provides supplemental balance sheet information related to the Company's operating leases:
($ in thousands) |  | Balance Sheet Classification | As of June 30, 2022 |  | As of June 30, 2021
Assets |  |  |  |  |
Operating leases |  | Operating lease right-of-use assets | $ | 2,370 |  |  | $ | 3,049 |
Liabilities |  |  |  |  |
Current |  | Accrued expenses | 1,538 |  |  | 1,166 |
Long-term |  | Operating lease liabilities, non-current | 2,366 |  |  | 3,645 |
Total lease liabilities |  |  | $ | 3,904 |  |  | $ | 4,811 |
Components of lease cost are as follows:
($ in thousands) | Year ended June 30, 2022 |  | Year ended June 30, 2021
Operating lease costs* | $ | 1,923 |  |  | $ | 2,079 |
* Includes short-term lease and variable lease costs, which are not material. Supplemental cash flow information and non-cash activity related to our leases are as follows:
($ in thousands) | Year ended June 30, 2022 |  | Year ended June 30, 2021
Supplemental cash flow information: |  |  |
Cash paid for amounts included in the measurement of operating lease liabilities | $ | 1,737 |  |  | $ | 1,635 |
Non-cash activity |  |  |
Right-of-use assets obtained in exchange for lease obligations |  |  |
Operating lease liabilities | $ | 471 |  |  | $ | — |
Weighted-average remaining lease term and discount rate for our leases are as follows:
| Year ended June 30, 2022 |  | Year ended June 30, 2021
Weighted-average remaining lease term (years) |  |  |
Operating leases | 3.4 |  | 4.3
Weighted-average discount rate |  |  |
Operating leases | 6.8 | % |  | 6.9 | %
Maturities of lease liabilities by fiscal year for our leases are as follows:
($ in thousands) | Operating Leases
2023 | $ | 1,758 |
2024 | 1,029 |
2025 | 707 |
2026 | 628 |
2027 | 265 |
Thereafter | — |
Total lease payments | $ | 4,387 |
Less: Imputed interest | (483) |
Present value of lease liabilities | $ | 3,904 |
Lessor accounting Property and equipment used for the Company's operating lease rental program consisted of the following:
($ in thousands) |  | June 30, 2022 |  | June 30, 2021
Cost |  | $ | 25,242 |  |  | 26,753 |
Accumulated depreciation |  | (22,914) |  |  | (24,487) |
Net |  | $ | 2,328 |  |  | $ | 2,266 |
The Company’s net investment in sales-type leases (carrying value of lease receivables) and the future minimum amounts to be collected on these lease receivables as of June 30, 2022 are disclosed within Note 7, Finance Receivables.
LEASES | LEASES Lessee accounting We have operating leases which are primarily real estate leases used for corporate functions, product development, sales, and other purposes. The following table provides supplemental balance sheet information related to the Company's operating leases:
($ in thousands) |  | Balance Sheet Classification | As of June 30, 2022 |  | As of June 30, 2021
Assets |  |  |  |  |
Operating leases |  | Operating lease right-of-use assets | $ | 2,370 |  |  | $ | 3,049 |
Liabilities |  |  |  |  |
Current |  | Accrued expenses | 1,538 |  |  | 1,166 |
Long-term |  | Operating lease liabilities, non-current | 2,366 |  |  | 3,645 |
Total lease liabilities |  |  | $ | 3,904 |  |  | $ | 4,811 |
Components of lease cost are as follows:
($ in thousands) | Year ended June 30, 2022 |  | Year ended June 30, 2021
Operating lease costs* | $ | 1,923 |  |  | $ | 2,079 |
* Includes short-term lease and variable lease costs, which are not material. Supplemental cash flow information and non-cash activity related to our leases are as follows:
($ in thousands) | Year ended June 30, 2022 |  | Year ended June 30, 2021
Supplemental cash flow information: |  |  |
Cash paid for amounts included in the measurement of operating lease liabilities | $ | 1,737 |  |  | $ | 1,635 |
Non-cash activity |  |  |
Right-of-use assets obtained in exchange for lease obligations |  |  |
Operating lease liabilities | $ | 471 |  |  | $ | — |
Weighted-average remaining lease term and discount rate for our leases are as follows:
| Year ended June 30, 2022 |  | Year ended June 30, 2021
Weighted-average remaining lease term (years) |  |  |
Operating leases | 3.4 |  | 4.3
Weighted-average discount rate |  |  |
Operating leases | 6.8 | % |  | 6.9 | %
Maturities of lease liabilities by fiscal year for our leases are as follows:
($ in thousands) | Operating Leases
2023 | $ | 1,758 |
2024 | 1,029 |
2025 | 707 |
2026 | 628 |
2027 | 265 |
Thereafter | — |
Total lease payments | $ | 4,387 |
Less: Imputed interest | (483) |
Present value of lease liabilities | $ | 3,904 |
Lessor accounting Property and equipment used for the Company's operating lease rental program consisted of the following:
($ in thousands) |  | June 30, 2022 |  | June 30, 2021
Cost |  | $ | 25,242 |  |  | 26,753 |
Accumulated depreciation |  | (22,914) |  |  | (24,487) |
Net |  | $ | 2,328 |  |  | $ | 2,266 |
The Company’s net investment in sales-type leases (carrying value of lease receivables) and the future minimum amounts to be collected on these lease receivables as of June 30, 2022 are disclosed within Note 7, Finance Receivables.
LEASES | LEASES Lessee accounting We have operating leases which are primarily real estate leases used for corporate functions, product development, sales, and other purposes. The following table provides supplemental balance sheet information related to the Company's operating leases:
($ in thousands) |  | Balance Sheet Classification | As of June 30, 2022 |  | As of June 30, 2021
Assets |  |  |  |  |
Operating leases |  | Operating lease right-of-use assets | $ | 2,370 |  |  | $ | 3,049 |
Liabilities |  |  |  |  |
Current |  | Accrued expenses | 1,538 |  |  | 1,166 |
Long-term |  | Operating lease liabilities, non-current | 2,366 |  |  | 3,645 |
Total lease liabilities |  |  | $ | 3,904 |  |  | $ | 4,811 |
Components of lease cost are as follows:
($ in thousands) | Year ended June 30, 2022 |  | Year ended June 30, 2021
Operating lease costs* | $ | 1,923 |  |  | $ | 2,079 |
* Includes short-term lease and variable lease costs, which are not material. Supplemental cash flow information and non-cash activity related to our leases are as follows:
($ in thousands) | Year ended June 30, 2022 |  | Year ended June 30, 2021
Supplemental cash flow information: |  |  |
Cash paid for amounts included in the measurement of operating lease liabilities | $ | 1,737 |  |  | $ | 1,635 |
Non-cash activity |  |  |
Right-of-use assets obtained in exchange for lease obligations |  |  |
Operating lease liabilities | $ | 471 |  |  | $ | — |
Weighted-average remaining lease term and discount rate for our leases are as follows:
| Year ended June 30, 2022 |  | Year ended June 30, 2021
Weighted-average remaining lease term (years) |  |  |
Operating leases | 3.4 |  | 4.3
Weighted-average discount rate |  |  |
Operating leases | 6.8 | % |  | 6.9 | %
Maturities of lease liabilities by fiscal year for our leases are as follows:
($ in thousands) | Operating Leases
2023 | $ | 1,758 |
2024 | 1,029 |
2025 | 707 |
2026 | 628 |
2027 | 265 |
Thereafter | — |
Total lease payments | $ | 4,387 |
Less: Imputed interest | (483) |
Present value of lease liabilities | $ | 3,904 |
Lessor accounting Property and equipment used for the Company's operating lease rental program consisted of the following:
($ in thousands) |  | June 30, 2022 |  | June 30, 2021
Cost |  | $ | 25,242 |  |  | 26,753 |
Accumulated depreciation |  | (22,914) |  |  | (24,487) |
Net |  | $ | 2,328 |  |  | $ | 2,266 |
The Company’s net investment in sales-type leases (carrying value of lease receivables) and the future minimum amounts to be collected on these lease receivables as of June 30, 2022 are disclosed within Note 7, Finance Receivables.

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