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LEASES
 6 Months Ended
Dec. 31, 2020
Leases [Abstract]  
LEASES
  10. Leases

 

Effective August 1, 2020, the Company entered into a three-year corporate office lease extension and recognized the corresponding right of use asset and lease liability associated with this lease extension, along with two existing nominal leases. The Company has applied a discount rate of 16%.

 

These three operating leases have an average remaining life of 2.2 years as of December 31, 2020. The Company incurred lease costs of $44 and $53 for the six months ended December 31, 2020 and 2019, respectively.

 

The maturities of lease liabilities are as follows at December 31, 2020:

 

      Fiscal Year Lease Maturities  
2021   $ 56  
2022     110  
2023 and thereafter     116  
Total lease payments     282  
Less portion of payments representing interest     (49 )
Present value of lease payments   $ 233