LEASES (Tables)

6 Months Ended

Dec. 31, 2023

Leases [Abstract]

Assets and Liabilities

The following table provides supplemental balance sheet information related to the Company's operating leases:

($ in thousands)	Balance Sheet Classification	As of December 31, 2023		As of June 30, 2023
Assets:	Operating lease right-of-use assets	$	8,443	$	2,575
Liabilities:
Current	Accrued expenses	$	640	$	1,266
Long-term	Operating lease liabilities, non-current	9,203		2,504
Total lease liabilities		$	9,843	$	3,770

Lease Costs

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

($ in thousands)	Six months ended December 31, 2023		Six months ended December 31, 2022
Supplemental cash flow information:
Cash paid for amounts included in the measurement of operating lease liabilities	$	1,220	$	1,064
Non-cash activity:
Lease assets obtained in exchange for new operating lease liabilities	$	6,657	$	—

Maturities of Lease Liabilities, Operating Leases

Maturities of lease liabilities by fiscal year for our leases as of December 31, 2023 are as follows:

($ in thousands)	Operating Leases
Remainder of 2024	$	633
2025	1,606
2026	2,324
2027	1,785
2028	1,359
Thereafter	$	6,571
Total lease payments	$	14,278
Less: Imputed interest	(4,435)
Present value of lease liabilities	$	9,843

Schedule of Property and Equipment Used for the Operating Lease Rental Program

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

($ in thousands)	December 31, 2023		June 30, 2023
Cost	$	29,316	28,398
Accumulated depreciation	(23,942)		(23,221)
Net	$	5,374	$	5,177