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Leases (Tables)
9 Months Ended
Mar. 31, 2022
Disclosure Text Block [Abstract]  
Schedule of Total Operating Costs

The total operating lease costs were as follows (in thousands):

 

 

 

Three Months Ended
March 31,

 

 

Nine Months Ended
March 31,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Operating lease cost

 

$

377

 

 

$

377

 

 

$

1,130

 

 

$

1,130

 

Schedule of Supplemental Cash Flow Information Related to Operating Leases

Supplemental cash flow information related to our operating leases were as follows (in thousands):

 

 

 

Three Months Ended
March 31,

 

 

Nine Months Ended
March 31,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

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

 

 

 

 

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

380

 

 

$

369

 

 

$

1,139

 

 

$

615

 

Right-of-use assets obtained in exchange for operating lease obligations:

 

 

2,386

 

 

 

 

 

 

2,386

 

 

 

8,689

 

 

Schedule of Future Minimum Rental Payments

The following is a schedule of the future minimum rental payments for our operating lease, reconciled to the lease liability as of March 31, 2022 (in thousands):

 

 

 

March 31,
2022

 

Remainder of fiscal year ending June 30, 2022

 

$

380

 

Years ending June 30,

 

 

 

2023

 

 

1,565

 

2024

 

 

1,612

 

2025

 

 

1,168

 

2026

 

 

1,710

 

2027

 

 

1,761

 

Thereafter

 

 

5,450

 

Total lease payments

 

 

13,646

 

Less: Present value discount

 

 

(3,607

)

Total operating lease liability

 

$

10,039

 

Balance Sheet Classification – Operating Lease

 

 

 

Operating lease liability

 

$

828

 

Operating lease liability, long-term

 

 

9,211

 

Total operating lease liability

 

$

10,039

 

Other Balance Sheet Information – Operating Lease

 

 

 

Weighted average remaining lease term (in years)

 

 

7.8

 

Weighted average discount rate

 

 

7.50

%