LEASES (Tables)

9 Months Ended

Mar. 31, 2020

Leases [Abstract]

Schedule of Maturities of Lease Liabilities

As of March 31, 2020, the maturity of our lease liability is as follows:

	Operating Lease
Fiscal Year:
2020	$	116
2021		475
2022		489
2023		504
2024		519
Thereafter		1,796
Total lease payments		3,899
Less imputed interest:		(738	)
Total	$	3,161

As of March 31, 2020, our operating lease has a remaining lease term of seven years and six months and an imputed interest rate of 5.3%. Cash paid for amounts included in the lease liability for the three and nine months ended March 31, 2020 was $116,000 and $345,000, respectively. As previously disclosed in our 2019 Annual Report on Form 10-K and under the previous lease accounting standard, future minimum lease payments for our only operating lease having an initial or remaining noncancellable lease term in excess of one year would have been as follows:

	Operating Leases at June 30, 2019
Fiscal Year:
2020	$	461
2021		475
2022		489
2023		504
2024		519
Thereafter		1,796
Total minimum lease payments	$	4,244