LEASES (Tables)

12 Months Ended

Jun. 30, 2020

Leases [Abstract]

Schedule of Maturities of Lease Liabilities

As of June 30, 2020, the maturity of our lease liability is as follows:

	Operating Lease
Fiscal Year:
2021	$	475
2022		489
2023		504
2024		519
2025		535
Thereafter		1,261
Total lease payments		3,783
Less imputed interest:		(694	)
Total	$	3,089

As of June 30, 2020, our operating lease has a remaining lease term of seven years and three months and an imputed interest rate of 5.3%. Cash paid for amounts included in the lease liability for the year ended June 30, 2020, was $461,000. 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, 2020
Fiscal Year:
2021	$	475
2022		489
2023		504
2024		519
2025		535
Thereafter		1,261
Total minimum lease payments	$	3,783