NOTES PAYABLE AND LONG-TERM DEBT (Tables)

12 Months Ended

Jun. 30, 2020

At June 30, 2020 and 2019, long-term debt consisted of the following (in thousands):


	June 30,
	2020		2019
Acquisition loan, monthly payments of $43; maturing March 2022.	$	948	$	1,465
Equipment loan, monthly principal payments begin upon completion of the advancing period, net of debt issuance costs of $50 thousand.	929		—
Real estate loan, monthly principal payments begin upon completion of the advancing period.	1,103		—
Paycheck Protection Program loan	2,183		—
Total long-term debt	5,163		1,465
Less: current portion	1,658		517
Long-term debt, net of current portion	$	3,505	$	948

Schedule of payments due on long-term debt

Payments due on long-term debt subsequent to June 30, 2020 are as follows (in thousands):


Twelve Months Ending June 30,
2021	$	1,658
2022	1,851
2023	220
2024	220
2025	1,264

	$	5,213

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details