XML 41 R27.htm IDEA: XBRL DOCUMENT v3.20.2
Leases (Tables)
12 Months Ended
Jun. 30, 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

 

June 30, 2020

 

Assets:

 

 

 

 

 

 

Operating lease assets

 

Operating leases, right-of-use assets, net

 

$

851

 

Financing lease assets

 

Property and equipment, net

 

 

52

 

Total lease assets

 

 

 

$

903

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

Current:

 

 

 

 

 

 

Operating lease obligations

 

Lease liabilities, current

 

$

330

 

Financing lease obligations

 

Lease liabilities, current

 

 

9

 

Non-current:

 

 

 

 

 

 

Operating lease obligations

 

Lease liabilities, non-current

 

 

583

 

Financing lease obligations

 

Lease liabilities, non-current

 

 

40

 

Total lease liabilities

 

 

 

$

962

 

Schedule of Future Minimum Lease Payments

 


Future minimum lease payments as of June 30, 2020 under non-cancellable leases are as follows (in thousands):

 

For the Year Ended June 30,

 

Operating Leases

 

 

Financing Leases

 

 

Total

 

2021

 

$

413

 

 

$

12

 

 

$

425

 

2022

 

 

388

 

 

 

12

 

 

 

400

 

2023

 

 

219

 

 

 

12

 

 

 

231

 

2024

 

 

37

 

 

 

12

 

 

 

49

 

2025

 

 

 

 

 

9

 

 

 

9

 

Thereafter

 

 

 

 

 

 

 

 

 

Total lease obligations

 

 

1,057

 

 

 

57

 

 

 

1,114

 

Less: imputed interest

 

 

144

 

 

 

8

 

 

 

152

 

Present value of net minimum lease obligations

 

 

913

 

 

 

49

 

 

 

962

 

Less: lease liabilities - current

 

 

330

 

 

 

9

 

 

 

339

 

Lease liabilities - non-current

 

$

583

 

 

$

40

 

 

$

623

 

Schedule of Other Information

Other information as of June 30, 2020 is as follows:

 

Weighted-average remaining lease term (years):

 

 

 

 

Operating leases

 

 

 

 

2.5

 

Financing leases

 

 

 

 

4.7

 

Weighted-average discount rate:

 

 

 

 

Operating leases

 

 

 

 

11.0

%

Financing leases

 

 

 

 

6.2

%