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Note 9 - Other Liabilities
 3 Months Ended
Sep. 30, 2025
Notes to Financial Statements  
Other Liabilities Disclosure [Text Block]

Note 9 - Other Liabilities

 

Other liabilities consist of the following:

 

  

September 30,

  

June 30,

 
  

2025

  

2025

 
  

(in thousands)

 

Employee retention credit

 $3,759  $3,759 

Operating lease liabilities

  1,225   1,122 

Other

  190   193 

Fixed payment arrangements

  —   3,223 

Total other liabilities

  5,174   8,297 

Less: current portion of other liabilities

  (221)  (3,379)

Total non-current portion of other liabilities

 $4,953  $4,918 

 

Employee Retention Credit 

 

The $3.8 million Employee Retention Credit (“ERC”) accrual in other non-current liabilities as of September 30, 2025, represents the proceeds the Company received from the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) program during the first quarter of fiscal 2024. When management determines it has reasonable assurance that the Company has substantially met all eligibility requirements of the ERC and following any adjustments from its regulatory audit or upon further clarifications from the IRC, the ERC accrual shall be recognized as a benefit in other income, net in the unaudited consolidated statement of operations.

 

Operating Lease Liabilities 

 

The Company has entered into various operating lease agreements for certain of its offices. Please see Note 6 - Leases for further detail.

 

Other

 

Other consists of taxes payable, deferred cost related to the Company’s technology transfer, and various other accruals, none of which individually or in the aggregate represent greater than five percent of total liabilities.

 

Fixed Payment Arrangements

 

Fixed payment arrangements represent obligations related to the acquisition of products. As of September 30, 2025, the Company had no remaining accrued amount recorded related to fixed payment arrangements.