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LEASES | 9 Months Ended
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Mar. 31, 2025
Leases |
LEASES | NOTE 13. 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, 2025, in the amount of $487,000, is presented within accrued expenses on the condensed consolidated balance sheet. As of March 31, 2025, the maturity of our lease liability is as follows (in thousands):
Schedule of maturities of lease liabilities |  |  |  |
|  |  | Operating Lease |
| Fiscal Year: |  |  |  |  |
| 2025 |  |  | $ | 135 |
| 2026 |  |  |  | 551 |
| 2027 |  |  |  | 567 |
| 2028 |  |  |  | 143 |
| Total lease payments |  |  |  | 1,396 |
| Less imputed interest: |  |  |  | (96 | )
| Total |  |  | $ | 1,300 |
As of March 31, 2025, the operating lease for our Irvine, California headquarters has a remaining lease term of two years and six months and an imputed interest rate of 5.53%. Cash paid for our operating lease for the three and nine months ended March 31, 2025, was $149,000 and $442,000, respectively. Cash paid for our operating lease for the three and nine months ended March 31, 2024, was $143,000 and $425,000, 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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