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Accrued Expenses | 3 Months Ended
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Sep. 30, 2024
Payables and Accruals [Abstract] |
Accrued Expenses | Accrued Expenses Accrued expenses consisted of the following:
| As of September 30, 2024 |  | As of June 30, 2024
Warranties | $ | 36,577 |  |  | $ | 37,967 |
Dealer incentives | 12,207 |  |  | 28,911 |
Accrued compensation | 17,350 |  |  | 13,791 |
Current operating lease liabilities | 2,101 |  |  | 2,177 |
Accrued legal and professional fees | 27,879 |  |  | 22,467 |
Customer deposits | 4,691 |  |  | 4,270 |
Government grant | 5,511 |  |  | 5,867 |
Other accrued expenses | 4,576 |  |  | 3,980 |
Total accrued expenses | $ | 110,892 |  |  | $ | 119,430 |
Accrued legal and professional fees include approximately $21,000 in insurance coverage proceeds that are subject in certain cases to reservations of rights by the insurance carriers. The proceeds will be considered a liability in accrued expenses until the resolution of the litigation. Additionally, accrued legal and professional fees includes approximately $3,500 related to the settlement agreement with Mark E. Andrews, Chapter 11 Trustee (the “Trustee”) for Tommy’s Fort Worth LLC and its affiliate debtors, which agreement is subject to approval by the United States Bankruptcy Court of the Northern District of Texas, Fort Worth Division (the "Bankruptcy Court"). For more information, refer to Note 15 of our condensed consolidated financial statements included elsewhere in this report. Government grant includes approximately $5,511 related to an Economic Development Grant paid by the State of Tennessee in relation to the purchase of the Roane County property purchase and related improvements. The grant requires the Company to create and maintain a specified number of jobs in order to retain the grant. The accrued liability will be relieved as the Company satisfies headcount requirements.

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