LEASES (Tables)

6 Months Ended

Dec. 31, 2022

Leases [Abstract]

Assets and Liabilities

At December 31, 2022, the Company has the following balances recorded in the balance sheet related to its lease arrangements:

($ in thousands)	Balance Sheet Classification	As of December 31, 2022		As of June 30, 2022
Assets:	Operating lease right-of-use assets	$	1,778	$	2,370
Liabilities:
Current	Accrued expenses	$	1,346	$	1,538
Long-term	Operating lease liabilities, non-current	1,808		2,366
Total lease liabilities		$	3,154	$	3,904

Lease Costs

Components of lease cost are as follows:

($ in thousands)	Three months ended December 31, 2022	Three months ended December 31, 2021
Operating lease costs*	516	443

($ in thousands)	Six months ended December 31, 2022	Six months ended December 31, 2021
Operating lease costs*	1,052	885

* 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)	Six months ended December 31, 2022		Six months ended December 31, 2021
Supplemental cash flow information:
Cash paid for amounts included in the measurement of operating lease liabilities	$	1,064	$	840
Non-cash activity:
Lease assets obtained in exchange for new operating lease liabilities	$	—	$	471

Maturities of Lease Liabilities, Operating Leases

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

($ in thousands)	Operating Leases
Remainder of 2023	$	886
2024	1,029
2025	707
2026	628
2027	265
Total lease payments	$	3,515
Less: Imputed interest	(361)
Present value of lease liabilities	$	3,154

Property, Plant, and Equipment, Lessor Asset under Operating Lease

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

($ in thousands)	December 31, 2022		June 30, 2022
Cost	$	27,025	25,242
Accumulated depreciation	(22,621)		(22,914)
Net	$	4,404	$	2,328