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LEASES | 3 Months Ended
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Sep. 30, 2025
LEASES |
LEASES | ​ 5. LEASES ​ We lease our office facilities under non-cancelable operating leases that expire on various dates through fiscal year 2033. All of our office leases are classified as operating leases with lease expense recognized on a straight-line basis over the lease term. Lease ROU assets and liabilities are recognized on the commencement date at the present value of lease payments over the lease term. As our leases do not provide an implicit rate, we use our incremental borrowing rate based on information available at the commencement date to determine the present value of lease payments. ​ Total operating lease costs were $332,000 and $300,000 for the three months ended September 30, 2025 and 2024, respectively. ​ For the three months ended September 30, 2025 and 2024, operating cash outflows for operating leases were $287,000 and $274,000, respectively. The following tables present information about leases on our condensed consolidated balance sheets (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 2025 | ​ | June 30, 2025
Assets: | ​ | ​ | ​ | ​ | ​ | ​
Operating lease right-of-use assets | ​ | $ | 3,212 | ​ | $ | 3,530
Liabilities: | ​ | ​ | ​ | ​ | ​ | ​
Operating lease liabilities | ​ | $ | 1,236 | ​ | $ | 1,220
Operating lease liabilities, net of current portion | ​ | $ | 2,156 | ​ | $ | 2,449
​ The following table presents information about the weighted average lease term and discount rate as follows: ​
​ | ​ | ​ | ​ | ​ | ​
​ | September 30, 2025 | ​ | June 30, 2025
Weighted average remaining lease term (in years) | 5.08 | ​ | ​ | 5.14 | ​
Weighted average discount rate | 8.51 | % | ​ | 8.41 | %
​ As of September 30, 2025, remaining maturities of lease liabilities are as follows (in thousands): ​
​ | ​ | ​ | ​
Fiscal Period: | ​ | ​ | ​
Remaining nine months of fiscal year 2026 | ​ | $ | 921
Fiscal year 2027 | ​ | ​ | 1,090
Fiscal year 2028 | ​ |  | 576
Fiscal year 2029 | ​ |  | 415
Fiscal year 2030 | ​ | ​ | 295
Fiscal year 2031 | ​ |  | 295
Fiscal year 2032 and thereafter | ​ |  | 739
Total minimum lease payments | ​ | ​ | 4,331
Less: Imputed interest | ​ | ​ | (939)
Total operating lease liabilities | ​ | ​ | 3,392
Less: Current operating lease liabilities | ​ | ​ | (1,236)
Total operating lease liabilities, net of current portion | ​ | $ | 2,156
​

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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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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