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Lessee Operating Leases (Tables)
12 Months Ended
Jun. 30, 2025
Lessee Disclosure [Abstract]  
Schedule of Operating and Variable Lease Cost The following table summarizes operating and variable lease cost and cash paid for amounts included in the measurement of lease liabilities for the years ended June 30, 2025 and 2024:

 

 

For the twelve months ended June 30,

 

(in thousands)

 

2025

 

 

2024

 

Operating lease cost

 

$

492

 

 

$

399

 

Variable lease cost

 

 

59

 

 

 

66

 

Cash paid for operating leases

 

 

493

 

 

 

436

 

Schedule of Details of Leases Presented in Balance Sheets

The following table provides details on the leases presented in the consolidated balance sheets as of June 30, 2025 and 2024:

 

 

June 30, 2025

 

 

June 30, 2024

 

Weighted-average remaining life

 

4.3 years

 

 

1.9 years

 

Weighted-average discount rate

 

 

8.1

%

 

 

8.9

%

Schedule of Maturity Analysis of the Company's Operating Lease Liabilities

The following table provides a maturity analysis of the Company's operating lease liabilities as of June 30, 2025:

(in thousands)

 

June 30, 2025

 

For the year ending June 30, 2026

 

$

474

 

For the year ending June 30, 2027

 

 

421

 

For the year ending June 30, 2028

 

 

417

 

Thereafter

 

 

569

 

Total lease payments

 

$

1,881

 

Imputed interest

 

 

(266

)

Total lease liabilities

 

$

1,615