XML 21 R12.htm IDEA: XBRL DOCUMENT
v3.25.1

Note 5 - Leases | 9 Months Ended
--- | ---
Mar. 31, 2025
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 $25,000 and $75,000 for the three and nine months ended March 31, 2025, respectively, and $33,000 and $99,000 for the three and nine months ended March 31, 2024, respectively. The following table presents the components of lease cost.
|  | Nine Months Ended |  |  | Three Months Ended |
|  | March 31, |  |  | March 31, |
(dollars in thousands) |  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Finance lease cost: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amortization of right-of-use assets |  | $ | 24 |  |  | $ | 23 |  |  | $ | 8 |  |  | $ | 7 |
Interest on lease liabilities |  |  | 1 |  |  |  | 2 |  |  |  | - |  |  |  | 1 |
Total finance lease cost |  |  | 25 |  |  |  | 25 |  |  |  | 8 |  |  |  | 8 |
Short-term lease cost |  |  | 51 |  |  |  | 76 |  |  |  | 17 |  |  |  | 26 |
Total lease cost |  | $ | 76 |  |  | $ | 101 |  |  | $ | 25 |  |  | $ | 34 |
Supplemental information related to the Company's leases follows.
|  | Nine Months Ended |  |  | Three Months Ended |
|  | March 31, |  |  | March 31, |
(dollars in thousands) |  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Operating cash flows from financing leases included in lease liabilities |  | $ | 1 |  |  | $ | 2 |  |  | $ | - |  |  | $ | 1 |
Financing cash flows from financing leases included in lease liabilities |  | $ | 24 |  |  | $ | 22 |  |  | $ | 8 |  |  | $ | 7 |
Additional qualitative information concerning the Company’s leases follows.
|  | March 31, 2025 |  |  | June 30, 2024 |
Weighted-average remaining lease term - financing leases (years) |  |  | 0.50 |  |  |  | 1.25 |
Weighted-average discount rate - financing leases |  |  | 4.75 | % |  |  | 4.75 | %
The following table presents the maturities of lease liabilities as of March 31, 2025.
(dollars in thousands) |  |  |  |
Fiscal Year |  | Finance Leases |
2025 (excluding the nine months ended March 31, 2025) |  | $ | 9 |
2026 |  |  | 8 |
Total lease payments |  |  | 17 |
Less imputed interest |  |  | - |
Total |  | $ | 17 |
The Company is the lessor of certain areas of its owned office building under operating leases expiring in various months through fiscal year 2026. 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 $28,000 and $75,000 for the three and nine months ended March 31, 2025, respectively, and $23,000 and $78,000 for the three and nine months ended March 31, 2024, respectively. The cost of obtaining lessor contracts, which is included in other assets on the Consolidated Balance Sheets, was nil at March 31, 2025, and $2,000 at June 30, 2024. The Company is also party to a lease agreement with HIVE, a related party, for certain areas of the Company’s office building. The terms of the lease were determined to be consistent with market rates. The following is a summary analysis of annual undiscounted cash flows to be received on leases as of March 31, 2025.
(dollars in thousands) |  |  |  |
Fiscal Year |  | Operating Leases |
2025 (excluding the nine months ended March 31, 2025) |  | $ | 16 |
2026 |  |  | 45 |
Total lease payments |  | $ | 61 |
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