LEASES (Tables)

12 Months Ended

Jun. 30, 2024

LEASES

Schedule of carrying value of right-of-use assets and operating lease liabilities

As of June 30, 2024 and 2023, the carrying values of all of the Company’s right-of-use assets and the related operating lease liabilities were as follows (in thousands):

	2024		2023
Right-of-use assets	$	1,880	$	2,054
Operating lease liabilities:
Current	$	568	$	541
Long-term		1,660		1,937
Total	$	2,228	$	2,478

Schedule of operating lease expense

For the fiscal years ended June 30, 2024 and 2023, operating lease expense included under the following captions in the accompanying consolidated statements of operations (in thousands):

	2024		2023
Research and development	$	484	$	453
General and administrative		196		154
Total	$	680	$	607

Schedule of future payments under operating lease agreements

Future payments under all operating lease agreements as of June 30, 2024 are as follows (in thousands):

Fiscal year ending June 30,
2025	$	748
2026		770
2027		750
Thereafter		224
Total lease payments		2,492
Less imputed interest		(264)
Present value of operating lease liabilities	$	2,228