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Leases (Tables)
9 Months Ended
Mar. 31, 2020
Leases [Abstract]  
Schedule of Balance Sheet Presentation of Operating and Finance Leases

The balance sheet presentation of the Company’s operating and finance leases is as follows:

 

(In thousands)

 

Classification on the Condensed Consolidated Balance Sheet

 

March 31, 2020

 

Assets:

 

 

 

 

 

 

Operating lease assets

 

Operating leases, right-of-use assets, net

 

$

937

 

Financing lease assets

 

Property and equipment, net

 

 

52

 

Total lease assets

 

 

 

$

989

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

Current:

 

 

 

 

 

 

Operating lease obligations

 

Lease liabilities, current

 

$

317

 

Financing lease obligations

 

Lease liabilities, current

 

 

9

 

Non-current:

 

 

 

 

 

 

Operating lease obligations

 

Lease liabilities, non-current

 

 

668

 

Financing lease obligations

 

Lease liabilities, non-current

 

 

43

 

Total lease liabilities

 

 

 

$

1,037

 

Schedule of Future Minimum Lease Payments

 


Future minimum lease payments as of March 31, 2020 under non-cancellable leases are as follows:

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

For the Year Ended June 30,

 

Operating Leases

 

 

Financing Leases

 

 

Total

 

2020

 

$

101

 

 

$

3

 

 

$

104

 

2021

 

 

413

 

 

 

12

 

 

 

425

 

2022

 

 

388

 

 

 

12

 

 

 

400

 

2023

 

 

219

 

 

 

12

 

 

 

231

 

2024

 

 

37

 

 

 

12

 

 

 

49

 

Thereafter

 

 

 

 

 

9

 

 

 

9

 

Total lease obligations

 

 

1,158

 

 

 

60

 

 

 

1,218

 

Less: imputed interest

 

 

173

 

 

 

8

 

 

 

181

 

Present value of net minimum lease obligations

 

 

985

 

 

 

52

 

 

 

1,037

 

Less: lease liabilities - current

 

 

317

 

 

 

9

 

 

 

326

 

Lease liabilities - non-current

 

$

668

 

 

$

43

 

 

$

711

 

Schedule of Other Information

Other information as of March 31, 2020 is as follows:

 

Weighted-average remaining lease term (years):

 

 

 

 

Operating leases

 

 

 

 

2.8

 

Financing leases

 

 

 

 

4.9

 

Weighted-average discount rate:

 

 

 

 

Operating leases

 

 

 

 

11.0

%

Financing leases

 

 

 

 

6.2

%