XML 27 R15.htm IDEA: XBRL DOCUMENT
v3.23.3

Note 8 - Leases | 12 Months Ended
--- | ---
Jun. 30, 2023
Notes to Financial Statements |
Operating Leases [Text Block] | NOTE 8. LEASES The Company has lease agreements for office equipment that expire in the fiscal year 2026. Lease expense included in operating expenses on the Consolidated Statements of Operations totaled $123,000 and $168,000 for the years ended June 30, 2023, and 2022, respectively. The following table presents the components of lease cost.
|  | Year Ended June 30, |
(dollars in thousands) |  | 2023 |  |  | 2022 |
Finance lease cost: |  |  |  |  |  |  |  |
Amortization of right-of-use assets |  | $ | 29 |  |  | $ | - |
Interest on lease liabilities |  |  | 4 |  |  |  | - |
Total finance lease cost |  |  | 33 |  |  |  | - |
Operating lease cost |  |  | - |  |  |  | 44 |
Short-term lease cost |  |  | 90 |  |  |  | 124 |
Total lease cost |  | $ | 123 |  |  | $ | 168 |
Supplemental information related to the Company's leases follows.
|  | Year Ended June 30, |
(dollars in thousands) |  | 2023 |  |  | 2022 |
Operating cash flows from operating leases included in lease liabilities |  | $ | - |  |  | $ | 44 |
Lease liabilities obtained from new ROU assets - operating |  | $ | - |  |  | $ | - |
Operating cash flows from financing leases included in lease liabilities |  | $ | 4 |  |  | $ | - |
Financing cash flows from financing leases included in lease liabilities |  | $ | 27 |  |  | $ | - |
Lease liabilities obtained from new ROU assets - financing |  | $ | - |  |  | $ | 93 |
Additional qualitative information concerning the Company's leases follows.
|  | June 30, |
|  | 2023 |  |  | 2022 |
Weighted-average remaining lease term - operating leases (years) |  |  | - |  |  |  | - |
Weighted-average discount rate - operating leases |  |  | - |  |  |  | - |
Weighted-average remaining lease term - financing leases (years) |  |  | 2.25 |  |  |  | 3.25 |
Weighted-average discount rate - financing leases |  |  | 4.75 | % |  |  | 4.75 | %
The following table presents the maturities of lease liabilities as of June 30, 2023.
(dollars in thousands) |  |  |  |
Fiscal Year |  | Finance Leases |
2024 |  | $ | 31 |
2025 |  |  | 31 |
2026 |  |  | 8 |
2027 |  |  | - |
2028 |  |  | - |
Total lease payments |  |  | 70 |
Less imputed interest |  |  | (4 | )
Total |  | $ | 66 |
The Company is the lessor of certain areas of its owned office building under operating leases expiring in various years through fiscal year 2025. At the commencement of an operation lease, no income is recognized; subsequently, lease payments received are recognized on a straight-line basis. Lease income included in other income on the Consolidated Statements of Operations was $125,000 and $115,000 for fiscal years 2023 and 2022, respectively. The cost of obtaining lessor contracts, which is included in other assets on the Consolidated Balance Sheets, was $4,000 and $9,000 at June 30, 2023, and 2022, respectively. A summary analysis of annual undiscounted cash flows to be received on leases as of June 30, 2023, is as follows:
(dollars in thousands) |  |  |  |
Fiscal Year |  | Operating Leases |
2024 |  | $ | 42 |
2025 |  |  | 36 |
Total lease payments |  | $ | 78 |
The Company may terminate the building leases with one hundred eighty days written notice if it sells the property. If the Company terminates the lease, the Company will pay the tenant a termination fee of the lesser of six months of the base monthly rent or the base monthly rent times the number of months remaining in the initial term.

X
- Definition The entire disclosure for operating leases of lessee and lessor. + References No definition available. + Details
Name: | grow_OperatingLeasesTextBlock
Namespace Prefix: | grow_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration