LEASES

9 Months Ended

Jun. 30, 2022

Leases

LEASES

NOTE 12     LEASES

The Company’s operating leases are primarily for corporate, sales and administrative office space. Cash paid for amounts included in operating lease liabilities for the nine months ended June 30, 2022 and 2021, which have been included in cash flows from operating activities, was $446,000 and $340,000, respectively. Details of operating lease expense are as follows:

	For the Three Months Ended June 30,				For the Nine Months Ended June 30,
	2022		2021		2022		2021
Operating lease expense included in:
Sales and marketing expense	$	15,000	$	14,000	$	42,000	$	42,000
General and administrative expense		145,000		136,000		428,000		412,000
Total	$	160,000	$	150,000	$	470,000	$	454,000

At June 30, 2022, the Company’s operating leases had a weighted average remaining lease term of 8.4 years and a weighted average discount rate of 5.7%.

At June 30, 2022, future minimum payments under non-cancellable operating leases were as follows: 

Remainder of Fiscal 2022	$	155,000
Fiscal 2023		626,000
Fiscal 2024		639,000
Fiscal 2025		556,000
Fiscal 2026		510,000
Thereafter		2,398,000
Total future minimum lease payments		4,884,000
Less imputed interest		(1,061,000	)
Present value of lease liabilities	$	3,823,000