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Leases (Tables)
12 Months Ended
Jun. 30, 2023
Leases [Abstract]  
Components of Lease Cost and Rent Expense The components of lease cost and rent expense for the fiscal years ended June 30, 2023 and 2022 are as follows:

 

 

 

Fiscal Year Ended

 

 

Fiscal Year Ended

 

Lease Cost

 

June 30, 2023

 

 

June 30, 2022

 

Operating lease cost:

 

 

 

 

 

 

Operating lease cost

 

$

398

 

 

$

468

 

Short-term rent expense

 

 

99

 

 

 

82

 

Variable lease cost

 

 

3

 

 

 

2

 

Total operating lease cost

 

$

500

 

 

$

552

 

 

 

 

 

 

 

 

Finance lease cost:

 

 

 

 

 

 

Amortization right-of-use assets

 

$

39

 

 

$

36

 

Interest on finance lease liabilities

 

 

2

 

 

 

5

 

Total finance lease cost

 

$

41

 

 

$

41

 

Summary of Supplemental Balance Sheet Information

Supplemental balance sheet information relating to leases was as follows:

 

 

 

 

 

As of

 

 

As of

 

 

 

Balance Sheet Classifications

 

June 30, 2023

 

 

June 30, 2022

 

Operating Leases:

 

 

 

 

 

 

 

 

Operating lease ROU assets

 

ROU assets

 

$

1,045

 

 

$

1,187

 

 

 

 

 

 

 

 

 

 

Finance Leases:

 

 

 

 

 

 

 

 

Finance lease ROU assets

 

Property, plant and equipment

 

 

203

 

 

 

203

 

Accumulated amortization

 

Accumulated depreciation

 

 

130

 

 

 

101

 

Current finance lease liabilities

 

Current maturities of long-term debt

 

 

14

 

 

 

40

 

Long-term finance lease liabilities

 

Long-term debt

 

 

0

 

 

 

14

 

Summary of Supplemental Cash Flow and Other Information Related to Leases

Supplemental cash flow and other information related to leases as of and for the years ended June 30, 2023 and 2022 are as follows:

 

 

 

Fiscal Year Ended

 

 

Fiscal Year Ended

 

Other information

 

June 30, 2023

 

 

June 30, 2022

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

405

 

 

$

471

 

Operating cash flows from finance leases

 

 

2

 

 

 

5

 

Financing cash flow from finance leases

 

 

39

 

 

 

36

 

Right-of-use assets obtained in exchange for new finance lease liabilities

 

 

0

 

 

 

0

 

Right-of-use assets obtained in exchange for new operating lease liabilities

 

 

222

 

 

 

370

 

Weighted-average remaining lease term:

 

 

 

 

 

 

Operating leases

 

2.86

 

 

3.51

 

Finance leases

 

0.41

 

 

1.41

 

Weighted-average discount rate:

 

 

 

 

 

 

Operating leases

 

 

1.45

%

 

 

1.03

%

Finance leases

 

 

6.54

%

 

 

6.54

%

Summary of Non-cancellable Operating and Finance Leases

Commitments relating to non-cancellable operating and finance leases as of June 30, 2023 for each of the next five years and thereafter are as follows:

 

Payments due within

 

Operating Leases

 

 

Finance Leases

 

1 year

 

$

404

 

 

$

15

 

2 years

 

 

383

 

 

 

0

 

3 years

 

 

226

 

 

 

0

 

4 years

 

 

60

 

 

 

0

 

5 years

 

 

9

 

 

 

0

 

Over 5 years

 

 

0

 

 

 

0

 

Total minimum future payments

 

 

1,082

 

 

 

15

 

Less: Imputed interest

 

 

(13

)

 

 

(1

)

Total liabilities

 

 

1,069

 

 

 

14

 

Less: Current portion

 

 

(395

)

 

 

0

 

Long-term liabilities

 

$

674

 

 

$

14