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v3.23.1

LEASES | 9 Months Ended
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Mar. 31, 2023
Leases |
LEASES | NOTE 12. LEASES Our operating lease right-of-use asset and long-term liability are presented separately on our condensed consolidated balance sheet. The current portion of our operating lease liability as of March 31, 2023, in the amount of $406,000, is presented within accrued expenses on the condensed consolidated balance sheet. As of March 31, 2023, the maturity of our lease liability is as follows (in thousands):
Schedule of maturities of lease liabilities |  |  |
|  | Operating Lease
Fiscal Year: |  |  |
2023 |  | $ | 127
2024 |  |  | 519
2025 |  |  | 535
2026 |  |  | 551
2027 |  |  | 567
Thereafter |  |  | 143
Total lease payments |  |  | 2,442
Less imputed interest: |  |  | (291)
Total |  | $ | 2,151
As of March 31, 2023, the operating lease for our Irvine, California headquarters has a remaining lease term of four years and six months and an imputed interest rate of 5.53%. Cash paid for amounts included in the lease liability for the three and nine months ended March 31, 2023, was $139,000 and $418,000, respectively. Cash paid for amounts included in the lease liability for the three and nine months ended March 31, 2022, was $123,000 and $366,000, 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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=77888251 + Details
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