LEASES

3 Months Ended

Sep. 30, 2022

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, 2022, in the amount of $388,000, is presented within accrued expenses on the condensed consolidated balance sheet.

As of September 30, 2022, our operating lease has a remaining lease term of five years and an imputed interest rate of 5.53%. Cash paid for amounts included in the lease liability was $123,000 for the three months ended September 30, 2022, excluding $12,000 paid for common area maintenance charges.

As of September 30, 2022, the maturity of our lease liability is as follows (in thousands):

	Operating Lease
Fiscal Year:
2023	$	381
2024		519
2025		535
2026		551
2027		567
Thereafter		143
Total lease payments		2,696
Less imputed interest		(353	)
Total	$	2,343