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LEASES | 12 Months Ended
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Jun. 30, 2023
Leases |
LEASES |
9. | LEASES
Our operating lease ROU asset and long-term liability are presented separately on our balance sheet. The current portion of our operating lease liability, exclusive of imputed interest, as of June 30, 2023, in the amount of $416,000, is presented within accrued expenses on the balance sheet. As of June 30, 2023, the maturity of our lease liability is as follows:
Schedule of maturities of lease liabilities |  |  |  |
|  |  | Operating Lease |
Fiscal Year: |  |  |  |  |
2024 |  |  | $ | 519 |
2025 |  |  |  | 535 |
2026 |  |  |  | 551 |
2027 |  |  |  | 567 |
2028 |  |  |  | 143 |
Total lease payments |  |  |  | 2,315 |
Less imputed interest: |  |  |  | (261 | )
Total |  |  | $ | 2,054 |
As of June 30, 2023, our operating lease has a remaining lease term of four years and three months and an imputed interest rate of 5.3%. Cash paid for amounts included in the lease liability for the fiscal years ended June 30, 2023 and 2022 was $504,000 and $489,000, respectively.

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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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