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Leases (Tables)
3 Months Ended
Sep. 30, 2022
Leases  
Schedule of leases

The table below summarized the Company’s leases for the three months ended September 30, 2022 and 2021 (in thousands, except years and discount rate):

Three Months Ended September 30, 

 

    

2022

    

2021

Statements of Operations:

Operating lease costs

$

13

$

13

Statements of Cash Flow:

Cash paid for amounts included in the measurement of lease liabilities:

Operating cash flows from operating leases(1)

$

21

$

15

Other:

Weighted average remaining lease term in years

0.17

1.17

Weighted average discount rate

5.15

%

5.15

%

The following table presents the Company’s ROU assets and lease liabilities (in thousands):

September 30, 2022

June 30, 2022

Balance Sheets:

Operating lease ROU asset (included in other assets)

$

9

$

21

Accrued liabilities and other - current(1)

5

26

(1)A portion of the cash paid for operating leases during the three months ended September 30, 2022 includes a prepayment for the subsequent quarter.

Schedule of future minimum lease payments associated with the Company's non-cancellable operating lease for office space

As of September 30, 2022, the future minimum lease payments associated with the Company’s non-cancellable operating lease for office space are as follows (in thousands):

Fiscal Year

    

September 30, 2022

Remaining in 2023

$

5

Total operating lease payments

5

Less: discount to present value

Total operating lease liabilities

5

Less: current operating lease liabilities

5

Non current operating lease liabilities

$