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Leases (Tables)
12 Months Ended
Jun. 30, 2021
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

 

June 30, 2021

 

Assets:

 

 

 

 

 

 

Operating lease assets

 

Operating leases, right-of-use assets, net

 

$

249

 

Financing lease assets

 

Property and equipment, net

 

 

40

 

Total lease assets

 

 

 

$

289

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

Current:

 

 

 

 

 

 

Operating lease obligations

 

Lease liabilities, current

 

$

71

 

Financing lease obligations

 

Lease liabilities, current

 

 

10

 

Non-current:

 

 

 

 

 

 

Operating lease obligations

 

Lease liabilities, non-current

 

 

185

 

Financing lease obligations

 

Lease liabilities, non-current

 

 

30

 

Total lease liabilities

 

 

 

$

296

 

Schedule of Future Minimum Lease Payments

Future minimum lease payments as of June 30, 2021 under non-cancellable leases are as follows (in thousands):

 

For the Year Ended June 30,

 

Operating Leases

 

 

Financing Leases

 

 

Total

 

2022

 

$

86

 

 

$

12

 

 

$

98

 

2023

 

 

103

 

 

 

12

 

 

 

115

 

2024

 

 

93

 

 

 

12

 

 

 

105

 

2025

 

 

 

 

 

9

 

 

 

9

 

2026

 

 

 

 

 

 

 

 

 

Thereafter

 

 

 

 

 

 

 

 

 

Total lease obligations

 

 

282

 

 

 

45

 

 

 

327

 

Less: imputed interest

 

 

26

 

 

 

5

 

 

 

31

 

Present value of net minimum lease obligations

 

 

256

 

 

 

40

 

 

 

296

 

Less: lease liabilities - current

 

 

71

 

 

 

10

 

 

 

81

 

Lease liabilities - non-current

 

$

185

 

 

$

30

 

 

$

215

 

Schedule of Other Information

Other information as of June 30, 2021 is as follows:

 

Weighted-average remaining lease term (years):

 

 

 

 

Operating leases

 

 

 

 

2.7

 

Financing leases

 

 

 

 

3.7

 

Weighted-average discount rate:

 

 

 

 

Operating leases

 

 

 

 

6.4

%

Financing leases

 

 

 

 

6.2

%