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LEASES | 6 Months Ended
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Dec. 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 December 31, 2023, in the amount of $435,000, is presented within accrued expenses on the condensed consolidated balance sheet. As of December 31, 2023, our operating lease has a remaining lease term of three years and nine months and an imputed interest rate of 5.53%. Cash paid for amounts included in the lease liability for the three and six months ended December 31, 2023 totaled $131,000 and $258,000, respectively, and for December 31, 2022 totaled $127,000 and $250,000, respectively. As of December 31, 2023, the maturity of our lease liability is as follows (in thousands):
Schedule of maturity of lease liability |  |  |  |
Fiscal Year: |  |  |  |  |
2024 |  |  | $ | 261 |
2025 |  |  |  | 535 |
2026 |  |  |  | 551 |
2027 |  |  |  | 567 |
2028 |  |  |  | 143 |
Total lease payments |  |  |  | 2,057 |
Less imputed interest: |  |  |  | (207 | )
Total |  |  | $ | 1,850 |

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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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