OPERATING LEASES (Tables)

3 Months Ended

Sep. 30, 2022

OPERATING LEASES

Schedule of carrying value of ROU assets and operating lease liabilities

The carrying value of right-of-use assets and operating lease liabilities are as follows (in thousands):

	September 30,		June 30,
	2022		2022
Right-of-use assets	$	130	$	152
Operating lease liabilities:
Current	$	112	$	108
Long-term		49		80
Total	$	161	$	188

Schedule of operating lease expense

For the three months ended September 30, 2022 and 2021, operating lease expense is included under the following captions in the accompanying condensed consolidated statements of operations (in thousands):

	2022		2021
Research and development	$	77	$	79
General and administrative		23		23
Total	$	100	$	102

Schedule of Lessee operating lease liability maturity

Future payments under all operating lease agreements that had commenced as of September 30, 2022 are as follows (in thousands):

Fiscal year ending June 30,
Remainder of fiscal year 2023	$	88
2024		79
Total lease payments		167
Less imputed interest		(6)
Present value of operating lease liabilities	$	161

Schedule of future payments under operating lease not yet commenced

The future payments under this operating lease agreement are as follows (in thousands):

Fiscal year ending June 30,
Remainder of fiscal year 2023	$	50
2024		609
2025		627
2026		646
2027		666
Thereafter		224
Total lease payments	$	2,822