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LEASES
3 Months Ended
Sep. 30, 2024
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 September 30, 2024, in the amount of $466,000, is presented within accrued expenses on the condensed consolidated balance sheet.

As of September 30, 2024, our operating lease has a remaining lease term of three years and an imputed interest rate of 5.53%. Cash paid for amounts included in the lease liability was $130,000 for the three months ended September 30, 2024, excluding $41,000 paid for common area maintenance charges.

As of September 30, 2024, the maturity of our lease liability is as follows (in thousands):

     
    Operating Lease 
Fiscal Year:      
2025   $404 
2026    551 
2027    567 
2028    143 
Total lease payments    1,665 
Less imputed interest    (136)
Total   $1,529