LEASES (Tables)

12 Months Ended

Jun. 30, 2024

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 June 30, 2024		As of June 30, 2023
Assets
Operating leases	Operating lease right-of-use assets	7,986		$	2,575
Liabilities
Current	Accrued expenses	1,320		1,266
Long-term	Operating lease liabilities, non-current	8,457		2,504
Total lease liabilities		$	9,777	$	3,770

Lease Costs

Components of lease cost are as follows:

	Year ended June 30,
($ in thousands)	2024		Year ended	2023		Year ended	2022
Operating lease costs*	$	2,520		$	2,490		$	1,923

* Includes variable lease costs of $0.4 million for the years ended June 30, 2024, 2023 and 2022.

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

	Year ended June 30,
($ in thousands)	2024		2023		2022
Supplemental cash flow information:
Cash paid for amounts included in the measurement of operating lease liabilities	$	2,278	$	2,522	$	1,737
Non-cash activity:
Right-of-use assets obtained in exchange for lease obligations
Operating lease	$	6,657	$	1,607	$	471

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

	Year ended June 30,
	2024		2023
Weighted-average remaining lease term (years)
Operating leases	7.3		3.2
Weighted-average discount rate
Operating leases	8.2	%	7.5	%

Maturities of Lease Liabilities, Operating Leases

Maturities of operating lease liabilities by fiscal year for our leases as of June 30, 2024 are as follows:

($ in thousands)	Amount
2025	$	1,637
2026	2,266
2027	1,839
2028	1,352
2029	1,388
Thereafter	5,469
Total lease payments	$	13,951
Less: Imputed interest	(4,174)
Present value of lease liabilities	$	9,777

Property and Equipment Used for Operating Lease Rental Program

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

	As of June 30,
($ in thousands)	2024		2023
Cost	$	32,513	$	28,398
Accumulated depreciation	(24,742)		(23,221)
Net	$	7,771	$	5,177