LEASES

6 Months Ended

Dec. 31, 2023

Leases

LEASES

NOTE 12. LEASES

Our operating lease right-of-use asset and long-term liability are presented separately on our condensed consolidated balance sheet. The current portion of our operating lease liability as of December 31, 2023, in the amount of $435,000, is presented within accrued expenses on the condensed consolidated balance sheet.

As of December 31, 2023, our operating lease has a remaining lease term of three years and nine months and an imputed interest rate of 5.53%. Cash paid for amounts included in the lease liability for the three and six months ended December 31, 2023 totaled $131,000 and $258,000, respectively, and for December 31, 2022 totaled $127,000 and $250,000, respectively.

As of December 31, 2023, the maturity of our lease liability is as follows (in thousands):

Fiscal Year:
2024	$	261
2025		535
2026		551
2027		567
2028		143
Total lease payments		2,057
Less imputed interest:		(207	)
Total	$	1,850