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Note 5 - Leases - USD ($) $ in Thousands | 3 Months Ended
--- | ---
Sep. 30, 2024 | Sep. 30, 2023
Income Statement [Abstract] |  |
Other Nonoperating Income | $ 78 | $ 57
Notes to Financial Statements |  |
Operating Leases [Text Block] | NOTE 5. LEASES The Company has lease agreements for office equipment that expire in the fiscal year 2026. Lease expenses included in general and administrative expense on the Consolidated Statements of Operations totaled $34,000 and $33,000 for the three months ended September 30, 2024, and 2023, respectively. The following table presents the components of lease cost.
|  | Three Months Ended |
|  | September 30, |
(dollars in thousands) |  | 2024 |  |  | 2023 |
Finance lease cost: |  |  |  |  |  |  |  |
Amortization of right-of-use assets |  | $ | 8 |  |  | $ | 8 |
Interest on lease liabilities |  |  | 1 |  |  |  | 1 |
Total finance lease cost |  |  | 9 |  |  |  | 9 |
Short-term lease cost |  |  | 26 |  |  |  | 25 |
Total lease cost |  | $ | 35 |  |  | $ | 34 |
Supplemental information related to the Company's leases follows.
|  | Three Months Ended |
|  | September 30, |
(dollars in thousands) |  | 2024 |  |  | 2023 |
Operating cash flows from financing leases included in lease liabilities |  | $ | 1 |  |  | $ | 1 |
Financing cash flows from financing leases included in lease liabilities |  | $ | 8 |  |  | $ | 7 |
Additional qualitative information concerning the Company’s leases follows.
|  | September 30, 2024 |  |  | June 30, 2024 |
Weighted-average remaining lease term - financing leases (years) |  |  | 1.00 |  |  |  | 1.25 |
Weighted-average discount rate - financing leases |  |  | 4.75 | % |  |  | 4.75 | %
The following table presents the maturities of lease liabilities as of September 30, 2024.
(dollars in thousands) |  |  |  |
Fiscal Year |  | Finance Leases |
2025 (excluding the three months ended September 30, 2024) |  | $ | 26 |
2026 |  |  | 8 |
Total lease payments |  |  | 34 |
Less imputed interest |  |  | (1 | )
Total |  | $ | 33 |
The Company is the lessor of certain areas of its owned office building under operating leases expiring in various months through fiscal year 2025. At the commencement of an operating 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 $23,000 and $27,000 for the three months ended September 30, 2024, and 2023, respectively. The cost of obtaining lessor contracts, which is included in other assets on the Consolidated Balance Sheets, was $1,000 at September 30, 2024, and $2,000 at June 30, 2024. The following is a summary analysis of annual undiscounted cash flows to be received on leases as of September 30, 2024.
(dollars in thousands) |  |  |  |
Fiscal Year |  | Operating Leases |
2025 (excluding the three months ended September 30, 2024) |  | $ | 25 |
Total lease payments |  | $ | 25 |
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. |

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