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Leases (Tables)
6 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Schedule of Total Operating Costs

The total operating lease costs for the Lease Agreements were as follows for the periods presented (in thousands):

 

 

For the Three Months Ended December 31,

 

 

For the Six Months Ended December 31,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Operating lease cost

 

$

609

 

 

$

608

 

 

$

1,217

 

 

$

1,217

 

Variable lease costs

 

 

12

 

 

 

17

 

 

 

24

 

 

 

35

 

Total lease costs included in general and administrative expenses

 

$

621

 

 

$

625

 

 

$

1,241

 

 

$

1,252

 

Schedule of Supplemental Cash Flow Information Related to Operating Leases

Supplemental cash flow information related to our operating leases was as follows for the periods presented (in thousands):

 

 

For the Three Months Ended December 31,

 

 

For the Six Months Ended December 31,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

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

 

 

 

 

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

583

 

 

$

567

 

 

$

1,167

 

 

$

1,133

 

Schedule of Future Minimum Rental Payments

The following is a schedule of the future minimum lease payments under the Lease Agreements, reconciled to the operating lease liability, as of December 31, 2023 (in thousands):

Remainder of fiscal year ending June 30, 2024

 

$

1,167

 

Years ending June 30,

 

 

 

2025

 

 

1,913

 

2026

 

 

2,477

 

2027

 

 

2,551

 

2028

 

 

2,715

 

Thereafter

 

 

4,385

 

Total lease payments

 

 

15,208

 

Less: Present value discount

 

 

(3,181

)

Total operating lease liability

 

$

12,027

 

 

 

 

Balance Sheet Classification - Operating Leases

 

 

 

Operating lease liability

 

$

1,015

 

Operating lease liability, long-term

 

 

11,012

 

Total operating lease liability

 

$

12,027

 

 

 

 

Other Balance Sheet Information - Operating Leases

 

 

 

Weighted-average remaining lease term (in years)

 

 

5.9

 

Weighted-average discount rate

 

 

7.50

%