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LEASES (Tables)

9 Months Ended

Mar. 31, 2021

At March 31, 2021, the Company has the following balances recorded in the balance sheet related to its lease arrangements:


($ in thousands)	Balance Sheet Classification	As of March 31, 2021		As of June 30, 2020


Assets:	Operating lease right-of-use assets	$	4,570	$	5,603

Liabilities:
Current	Accrued expenses	$	1,139	$	1,075
Long-term	Operating lease liabilities, non-current	3,947		4,749
Total lease liabilities		$	5,086	$	5,824

Components of lease cost are as follows:

* Includes short-term lease and variable lease costs, which are not material.

* Includes short-term lease and variable lease costs, which are not material.

Supplemental cash flow information and non-cash activity related to our leases are as follows:


($ in thousands)	Nine months ended March 31, 2021		Nine months ended March 31, 2020

Supplemental cash flow information:
Cash paid for amounts included in the measurement of operating lease liabilities	$	1,155	$	1,350

Non-cash activity:
Right-of-use assets obtained in exchange for lease obligations:
Operating lease liabilities	$	—	$	3,384

Weighted-average remaining lease term and discount rate for our leases are as follows:


	Nine months ended March 31, 2021
Weighted-average remaining lease term (years):
Operating leases	4.56

Weighted-average discount rate:
Operating leases	6.9	%

Maturities of lease liabilities by fiscal year for our leases are as follows:


($ in thousands)	Operating Leases
Remainder of 2021	$	360
2022	1,460
2023	1,492
2024	1,029
2025	707
Thereafter	893
Total lease payments	$	5,941
Less: Imputed interest	(855)
Present value of lease liabilities	$	5,086

Property and equipment used for the operating lease rental program consisted of the following: