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LEASES | 3 Months Ended
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Sep. 30, 2024
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 |  | September 30, 2024 |  | June 30, 2024
Assets: |  | Operating lease right-of-use assets |  | $ | 8,276 |  |  | $ | 7,986 |
Liabilities: |  |  |  |  |  |
Current |  | Accrued expenses |  | $ | 1,432 |  |  | $ | 1,320 |
Long-term |  | Other noncurrent liabilities |  | 8,759 |  |  | 8,457 |
Total lease liabilities |  |  |  | $ | 10,191 |  |  | $ | 9,777 |
Supplemental cash flow information and non-cash activity related to our leases are as follows:
($ in thousands) | Three months ended September 30,
| 2024 |  | 2023
Supplemental cash flow information: |  |  |
Cash paid for amounts included in the measurement of operating lease liabilities | $ | 485 |  |  | $ | 604 |
Non-cash activity: |  |  |
Right-of-use assets obtained in exchange for new lease obligations | $ | 290 |  |  | $ | 1,788 |
Maturities of lease liabilities by fiscal year for our leases as of September 30, 2024 are as follows:
($ in thousands) | Operating Leases
Remainder of 2025 | $ | 1,345 |
2026 | 2,405 |
2027 | 1,958 |
2028 | 1,456 |
2029 | 1,491 |
Thereafter | 5,720 |
Total lease payments | 14,375 |
Less: Imputed interest | (4,184) |
Present value of lease liabilities | $ | 10,191 |
Lessor Accounting Property and equipment used for the operating lease rental program consisted of the following:
($ in thousands) |  | September 30, 2024 |  | June 30, 2024
Cost |  | $ | 32,777 |  |  | $ | 32,513 |
Accumulated depreciation |  | (25,229) |  |  | (24,742) |
Net |  | $ | 7,548 |  |  | $ | 7,771 |
For the three months ended September 30, 2024 and 2023, the Company recognized $2.3 million and $2.0 million of revenue from its device rental program, respectively, which is included in the Subscription and Transaction fees on its Condensed Consolidated Statements of Operations. The Company’s net investment in sales-type leases (carrying value of lease receivables) and the future minimum amounts to be collected on these lease receivables as of September 30, 2024 are disclosed within Note 4 - Finance Receivables.
LEASES | LEASES Lessee Accounting We have operating leases which are primarily real estate leases used for corporate functions, product development, sales, and other purposes. The following table provides supplemental balance sheet information related to the Company's operating leases:
($ in thousands) |  | Balance Sheet Classification |  | September 30, 2024 |  | June 30, 2024
Assets: |  | Operating lease right-of-use assets |  | $ | 8,276 |  |  | $ | 7,986 |
Liabilities: |  |  |  |  |  |
Current |  | Accrued expenses |  | $ | 1,432 |  |  | $ | 1,320 |
Long-term |  | Other noncurrent liabilities |  | 8,759 |  |  | 8,457 |
Total lease liabilities |  |  |  | $ | 10,191 |  |  | $ | 9,777 |
Supplemental cash flow information and non-cash activity related to our leases are as follows:
($ in thousands) | Three months ended September 30,
| 2024 |  | 2023
Supplemental cash flow information: |  |  |
Cash paid for amounts included in the measurement of operating lease liabilities | $ | 485 |  |  | $ | 604 |
Non-cash activity: |  |  |
Right-of-use assets obtained in exchange for new lease obligations | $ | 290 |  |  | $ | 1,788 |
Maturities of lease liabilities by fiscal year for our leases as of September 30, 2024 are as follows:
($ in thousands) | Operating Leases
Remainder of 2025 | $ | 1,345 |
2026 | 2,405 |
2027 | 1,958 |
2028 | 1,456 |
2029 | 1,491 |
Thereafter | 5,720 |
Total lease payments | 14,375 |
Less: Imputed interest | (4,184) |
Present value of lease liabilities | $ | 10,191 |
Lessor Accounting Property and equipment used for the operating lease rental program consisted of the following:
($ in thousands) |  | September 30, 2024 |  | June 30, 2024
Cost |  | $ | 32,777 |  |  | $ | 32,513 |
Accumulated depreciation |  | (25,229) |  |  | (24,742) |
Net |  | $ | 7,548 |  |  | $ | 7,771 |
For the three months ended September 30, 2024 and 2023, the Company recognized $2.3 million and $2.0 million of revenue from its device rental program, respectively, which is included in the Subscription and Transaction fees on its Condensed Consolidated Statements of Operations. The Company’s net investment in sales-type leases (carrying value of lease receivables) and the future minimum amounts to be collected on these lease receivables as of September 30, 2024 are disclosed within Note 4 - Finance Receivables.
LEASES | LEASES Lessee Accounting We have operating leases which are primarily real estate leases used for corporate functions, product development, sales, and other purposes. The following table provides supplemental balance sheet information related to the Company's operating leases:
($ in thousands) |  | Balance Sheet Classification |  | September 30, 2024 |  | June 30, 2024
Assets: |  | Operating lease right-of-use assets |  | $ | 8,276 |  |  | $ | 7,986 |
Liabilities: |  |  |  |  |  |
Current |  | Accrued expenses |  | $ | 1,432 |  |  | $ | 1,320 |
Long-term |  | Other noncurrent liabilities |  | 8,759 |  |  | 8,457 |
Total lease liabilities |  |  |  | $ | 10,191 |  |  | $ | 9,777 |
Supplemental cash flow information and non-cash activity related to our leases are as follows:
($ in thousands) | Three months ended September 30,
| 2024 |  | 2023
Supplemental cash flow information: |  |  |
Cash paid for amounts included in the measurement of operating lease liabilities | $ | 485 |  |  | $ | 604 |
Non-cash activity: |  |  |
Right-of-use assets obtained in exchange for new lease obligations | $ | 290 |  |  | $ | 1,788 |
Maturities of lease liabilities by fiscal year for our leases as of September 30, 2024 are as follows:
($ in thousands) | Operating Leases
Remainder of 2025 | $ | 1,345 |
2026 | 2,405 |
2027 | 1,958 |
2028 | 1,456 |
2029 | 1,491 |
Thereafter | 5,720 |
Total lease payments | 14,375 |
Less: Imputed interest | (4,184) |
Present value of lease liabilities | $ | 10,191 |
Lessor Accounting Property and equipment used for the operating lease rental program consisted of the following:
($ in thousands) |  | September 30, 2024 |  | June 30, 2024
Cost |  | $ | 32,777 |  |  | $ | 32,513 |
Accumulated depreciation |  | (25,229) |  |  | (24,742) |
Net |  | $ | 7,548 |  |  | $ | 7,771 |
For the three months ended September 30, 2024 and 2023, the Company recognized $2.3 million and $2.0 million of revenue from its device rental program, respectively, which is included in the Subscription and Transaction fees on its Condensed Consolidated Statements of Operations. 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 September 30, 2024 are disclosed within Note 4 - Finance Receivables.

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