LEASES

12 Months Ended

Jun. 30, 2023

Leases

LEASES

9. LEASES

Our operating lease ROU asset and long-term liability are presented separately on our balance sheet. The current portion of our operating lease liability, exclusive of imputed interest, as of June 30, 2023, in the amount of $416,000, is presented within accrued expenses on the balance sheet. As of June 30, 2023, the maturity of our lease liability is as follows:

	Operating Lease
Fiscal Year:
2024	$	519
2025		535
2026		551
2027		567
2028		143
Total lease payments		2,315
Less imputed interest:		(261	)
Total	$	2,054

As of June 30, 2023, our operating lease has a remaining lease term of four years and three months and an imputed interest rate of 5.3%. Cash paid for amounts included in the lease liability for the fiscal years ended June 30, 2023 and 2022 was $504,000 and $489,000, respectively.