Note 5 - Commitments and Contingencies

9 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Lessee, Operating Leases [Text Block]

Note

5:

Commitments and Contingencies

Operating lease cost amounted to

$0.6

million and

$1.8

million for the

three

months and

nine

months period ended

March 31, 2020.

As of

March 31, 2020,

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	$	5,005	$	5,088	$	6,063

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

March 31, 2020,

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

The Company entered into

$0.1

million and

$0.4

million in operating lease commitments in the

three

and

nine

months ended

March 31, 2020.

At

March 31, 2020,

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

Nine months ending March 31, 2020	Operating Lease Commitments
2020 remaining	$	613
2021		2,253
2022		926
2023		739
2024		707
Thereafter		825
Subtotal	$	6,063
Imputed interest		(975	)
Total		5,088