Note 5 - Commitments and Contingencies

6 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Lessee, Operating Leases [Text Block]

Note

5:

Commitments and Contingencies

Operating lease cost amounted to

$0.6

million and

$1.2

million for the

three

months and

six

months period ended

December 31, 2019.

As of

December 31, 2019,

the Company’s right-of-use assets, lease obligations and remaining cash commitment on these leases (in thousands):

	Right-of- U se Assets		Operating Lease Obligations		Remaining Cash Commitment
Operating leases	$	5,507	$	5,572	$	6,629

The Company has other operating lease agreements with commitments of less than

one

year or that are

not

significant. The Company elected the practical expedient option and as such, these lease payments are expensed as incurred. The Company’s weighted average discount rate and remaining term on lease liabilities is approximately

9.0%

and

4.3

years. As of

December 31, 2019,

the Company’s financing leases are de minimis. The foreign exchange impact affecting the operating leases are de minimis.

The Company entered into

$0.2

million and

$0.3

million in operating lease commitments in the

three

and

six

months ended

December 31, 2019. 

At

December 31, 2019,

the Company had the following fiscal year minimum operating lease commitments (in thousands):

Six months ending December 3 1 , 2019	Operating Lease
	Commitments
2020 remaining	$	1,215
2021		2,250
2022		905
2023		731
2024		703
Thereafter		825
Subtotal	$	6,629
Imputed interest		(1,057	)
Total		5,572