Finance Lease ROU Assets

9 Months Ended

Mar. 31, 2023

Finance Lease ROU [Abstract]

Finance Lease ROU Assets

9.   Finance Lease ROU Assets

As discussed above, the Company assumed three equipment leases as part of the RubrYc asset acquisition.  In addition, the Company leased a mobile office trailer which is classified as part of assets held for sale.  The lease was terminated in December 2022.

See Note 14 – Finance Lease Obligations for more details of the terms of the leases.

The following table summarizes by category the gross carrying value and accumulated amortization of finance lease ROU (in thousands):

	March 31,		June 30,
	2023		2022
ROU - Equipment	$	814	$	—
Accumulated amortization		(136)		—
Net finance lease ROU	$	678	$	—

Amortization of finance lease ROU assets was approximately $68,000 and $0 for the three months ended March 31, 2023 and 2022, respectively, and $136,000 and $0 for the nine months ended March 31, 2023 and 2022, respectively.