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Leases

12 Months Ended

Jun. 29, 2025

NOTE 5. LEASES

As of June 29, 2025, the Company has one operating lease for its El Paso, Texas finished goods and service parts distribution warehouse. Operating lease expense totaled $951,000 for the year ended June 29, 2025 and $989,000 for the year ended June 30, 2024. The operating lease asset and obligation related to our operating lease included in the accompanying consolidated balance sheets are presented below (in thousands):


	June 29, 2025		June 30, 2024
Right-of-use asset:
Other noncurrent assets	$	2,942	$	3,801
Lease liability:
Other current liabilities	$	808	$	744
Other noncurrent liabilities		2,478		3,390
	$	3,286	$	4,134

Cash flow information related to the operating lease is shown below (in thousands):


	Years Ended
	June 29, 2025		June 30, 2024
Operating Cash Flows:
Cash paid related to operating lease obligation	$	941	$	769

The weighted average remaining lease term and discount rate for our operating lease are shown below:


	June 29, 2025			June 30, 2024
Weighted average remaining lease term, (in years)		3.5			4.5
Weighted average discount rate		6.2	%		6.2	%

Future minimum lease payments, by fiscal year, including options to extend that are reasonably certain to be exercised, under our non-cancelable lease are as follows as of June 29, 2025 (in thousands):


2026	$	988
2027		1,037
2028		1,089
2029		558
Thereafter		—
Total future minimum lease payments		3,672
Less: imputed interest		(386	)
Total lease obligations	$	3,286