Leases (Tables)

9 Months Ended

Mar. 31, 2021

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, 2021
Assets:
Operating lease assets	Operating leases, right-of-use assets, net	$	26
Financing lease assets	Property and equipment, net		46
Total lease assets		$	72

Liabilities:
Current:
Operating lease obligations	Lease liabilities, current	$	22
Financing lease obligations	Lease liabilities, current		10
Non-current:
Operating lease obligations	Lease liabilities, non-current		8
Financing lease obligations	Lease liabilities, non-current		32
Total lease liabilities		$	72

Future minimum lease payments under non-cancellable leases are as follows:

(In thousands)
For the Year Ended June 30,	Operating Leases		Financing Leases		Total
2021	$	20	$	3	$	23
2022		6		12		18
2023		6		12		18
2024		—		12		12
2025		—		8		8
Thereafter		—		—		—
Total lease obligations		32		47		79
Less: imputed interest		2		5		7
Present value of net minimum lease obligations		30		42		72
Less: lease liabilities - current		22		10		32
Lease liabilities - non-current	$	8	$	32	$	40

Other information as of March 31, 2021 is as follows:

Weighted-average remaining lease term (years):

Operating leases

Financing leases

Weighted-average discount rate:

Operating leases

Financing leases