v3.24.3

Operating Lease ROU Assets | 12 Months Ended
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Jun. 30, 2024
Operating Lease ROU Assets |
Operating Lease ROU Assets | 10. Operating Lease ROU Assets San Diego, California On September 10, 2021, the Company entered into a lease for approximately 11,383 square feet of space in San Diego, California. Based on the terms of the lease payments, the Company recorded an operating lease ROU asset of $3,603,000. The net carrying amount of this ROU operating lease asset was $2,401,000 and $2,722,000 at June 30, 2024 and 2023, respectively. Bryan, Texas On November 1, 2021, iBio CDMO acquired the Facility and became the tenant under the Ground Lease Agreement upon which the Facility is located. Based on the terms of the lease payments, the Company recorded an operating lease ROU asset of $1,967,000. This lease was terminated on May 31, 2024. The net amount of this ROU operating lease asset is included in assets held for sale. See Note 16 - Operating Lease Obligations for additional information. ​ ​

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