Debt

3 Months Ended

Sep. 30, 2023

Debt Disclosure [Abstract]

Debt

DEBT

Debt consists of the following:

	September 30,		June 30,
($000s)	2023		2023
Debt
PNC Credit Facility	$	—	$	52
Finance leases	977		961
Total debt	$	977	$	1,013
Less: Current maturities of long-term debt and finance leases	(396)		(413)
Total long-term debt, net	$	581	$	600

As of September 30, 2023, the Company had $72.6 million of borrowing available under the PNC Credit Facility based on eligible collateral.

The PNC Credit Facility contains certain financial, operating, and other covenants, including, among other things, covenants restricting additional borrowings, paying any dividends and making certain investments. The Company was in compliance with all debt covenants as of September 30, 2023.

Interest expense of $0.1 million and $0.1 million has been recognized in the consolidated statements of comprehensive income for the three months ended September 30, 2023 and 2022, respectively.