LEASES (Tables)

12 Months Ended

Jun. 30, 2022

LEASES

Schedule of carrying value of ROU assets and operating lease liabilities

As of June 30, 2022 and 2021, the carrying value of all ROU assets and operating lease liabilities was as follows (in thousands):

	2022		2021
Right-of-use assets, net	$	152	$	396
Operating lease liabilities:
Current	$	108	$	265
Long-term		80		187
Total	$	188	$	452

Schedule of operating lease expense

For the fiscal years ended June 30, 2022 and 2021, operating lease expense was as follows (in thousands):

	2022		2021
Research and development	$	289	$	268
General and administrative		103		111
Total	$	392	$	379

Schedule of Lessee operating lease liability maturity

Future payments under operating lease agreements as of June 30, 2022 are as follows (in thousands):

Fiscal year ending June 30,
2023	$	117
2024		79
Thereafter		—
Total lease payments		196
Less imputed interest		(8)
Present value of operating lease liabilities	$	188

Schedule of future payments under operating lease not yet commenced

Assuming the lease commences in September 2022, future payments under this operating lease agreement are as follows (in thousands):

Fiscal year ending June 30,
2023	$	149
2024		614
2025		632
2026		651
2027		670
Thereafter		112
Total lease payments	$	2,828