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Leases (Tables)
3 Months Ended
Sep. 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

 

September 30, 2020

 

Assets:

 

 

 

 

 

 

Operating lease assets

 

Operating leases, right-of-use assets, net

 

$

287

 

Financing lease assets

 

Property and equipment, net

 

 

52

 

Total lease assets

 

 

 

$

339

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

Current:

 

 

 

 

 

 

Operating lease obligations

 

Lease liabilities, current

 

$

188

 

Financing lease obligations

 

Lease liabilities, current

 

 

10

 

Non-current:

 

 

 

 

 

 

Operating lease obligations

 

Lease liabilities, non-current

 

 

129

 

Financing lease obligations

 

Lease liabilities, non-current

 

 

37

 

Total lease liabilities

 

 

 

$

364

 

Schedule of Future Minimum Lease Payments

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

 

$

160

 

 

$

9

 

 

$

169

 

2022

 

 

182

 

 

 

12

 

 

 

194

 

2023

 

 

6

 

 

 

12

 

 

 

18

 

2024

 

 

 

 

 

12

 

 

 

12

 

2025

 

 

 

 

 

8

 

 

 

8

 

Thereafter

 

 

 

 

 

 

 

 

 

Total lease obligations

 

 

348

 

 

 

53

 

 

 

401

 

Less: imputed interest

 

 

31

 

 

 

6

 

 

 

37

 

Present value of net minimum lease obligations

 

 

317

 

 

 

47

 

 

 

364

 

Less: lease liabilities - current

 

 

188

 

 

 

10

 

 

 

198

 

Lease liabilities - non-current

 

$

129

 

 

$

37

 

 

$

166

 

Schedule of Other Information

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

 

Weighted-average remaining lease term (years):

 

 

 

 

Operating leases

 

 

 

 

1.2

 

Financing leases

 

 

 

 

4.4

 

Weighted-average discount rate:

 

 

 

 

Operating leases

 

 

 

 

11.0

%

Financing leases

 

 

 

 

6.2

%