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LEASES | 6 Months Ended
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Dec. 31, 2021
Leases [Abstract] |
LEASES | LEASES Lessee Accounting The Company has operating leases for office space, warehouses, and office equipment. At December 31, 2021, the Company has the following balances recorded in the balance sheet related to its lease arrangements:
($ in thousands) |  | Balance Sheet Classification |  | As of December 31, 2021 |  | As of June 30, 2021
Assets: |  | Operating lease assets |  | $ | 2,949 |  |  | $ | 3,049 |
Liabilities: |  |  |  |  |  |
Current |  | Accrued expenses |  | $ | 1,465 |  |  | $ | 1,166 |
Long-term |  | Operating lease liabilities, non-current |  | 3,154 |  |  | 3,645 |
Total lease liabilities |  |  |  | $ | 4,619 |  |  | $ | 4,811 |
Components of lease cost are as follows:
($ in thousands) | Three months ended December 31, 2021 |  | Three months ended December 31, 2020
Operating lease costs* | 443 |  |  | 535 |
($ in thousands) | Six months ended December 31, 2021 |  | Six months ended December 31, 2020
Operating lease costs* | 885 |  |  | 1,064 |
* 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) | Six months ended December 31, 2021 |  | Six months ended December 31, 2020
Supplemental cash flow information: |  |  |
Cash paid for amounts included in the measurement of operating lease liabilities | $ | 840 |  |  | $ | 802 |
Non-cash activity: |  |  |
Lease assets obtained in exchange for new operating lease liabilities | $ | 471 |  |  | $ | — |
Maturities of lease liabilities by fiscal year for our leases are as follows:
($ in thousands) | Operating Leases
Remainder of 2022 | $ | 861 |
2023 | 1,758 |
2024 | 1,029 |
2025 | 707 |
2026 | 628 |
Thereafter | 265 |
Total lease payments | $ | 5,248 |
Less: Imputed interest | (629) |
Present value of lease liabilities | $ | 4,619 |
Lessor Accounting Property and equipment used for the operating lease rental program consisted of the following:
($ in thousands) |  | December 31, 2021 |  | June 30, 2021
Cost |  | $ | 22,205 |  |  | 26,753 |
Accumulated depreciation |  | (20,409) |  |  | (24,487) |
Net |  | $ | 1,796 |  |  | $ | 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 December 31, 2021 are disclosed within Note 6 - Finance Receivables.
LEASES | LEASES Lessee Accounting The Company has operating leases for office space, warehouses, and office equipment. At December 31, 2021, the Company has the following balances recorded in the balance sheet related to its lease arrangements:
($ in thousands) |  | Balance Sheet Classification |  | As of December 31, 2021 |  | As of June 30, 2021
Assets: |  | Operating lease assets |  | $ | 2,949 |  |  | $ | 3,049 |
Liabilities: |  |  |  |  |  |
Current |  | Accrued expenses |  | $ | 1,465 |  |  | $ | 1,166 |
Long-term |  | Operating lease liabilities, non-current |  | 3,154 |  |  | 3,645 |
Total lease liabilities |  |  |  | $ | 4,619 |  |  | $ | 4,811 |
Components of lease cost are as follows:
($ in thousands) | Three months ended December 31, 2021 |  | Three months ended December 31, 2020
Operating lease costs* | 443 |  |  | 535 |
($ in thousands) | Six months ended December 31, 2021 |  | Six months ended December 31, 2020
Operating lease costs* | 885 |  |  | 1,064 |
* 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) | Six months ended December 31, 2021 |  | Six months ended December 31, 2020
Supplemental cash flow information: |  |  |
Cash paid for amounts included in the measurement of operating lease liabilities | $ | 840 |  |  | $ | 802 |
Non-cash activity: |  |  |
Lease assets obtained in exchange for new operating lease liabilities | $ | 471 |  |  | $ | — |
Maturities of lease liabilities by fiscal year for our leases are as follows:
($ in thousands) | Operating Leases
Remainder of 2022 | $ | 861 |
2023 | 1,758 |
2024 | 1,029 |
2025 | 707 |
2026 | 628 |
Thereafter | 265 |
Total lease payments | $ | 5,248 |
Less: Imputed interest | (629) |
Present value of lease liabilities | $ | 4,619 |
Lessor Accounting Property and equipment used for the operating lease rental program consisted of the following:
($ in thousands) |  | December 31, 2021 |  | June 30, 2021
Cost |  | $ | 22,205 |  |  | 26,753 |
Accumulated depreciation |  | (20,409) |  |  | (24,487) |
Net |  | $ | 1,796 |  |  | $ | 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 December 31, 2021 are disclosed within Note 6 - Finance Receivables.

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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- Definition The entire disclosure for lessor's operating leases. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -URI http://asc.fasb.org/subtopic&trid=77888252 + Details
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