Long-Term Debt

3 Months Ended

Sep. 30, 2021

Debt Disclosure [Abstract]

Long-Term Debt

Note 7. – Long-Term Debt

Long-term debt consisted of the following:

	September 30, 2021			June 30, 2021
Capital Lease	$	81		$	89
CARES Act Paycheck Protection Plan Loans		0			2,972
Less current maturities		(37	)		(3,009	)
Long-term Debt	$	44		$	52

CARES Act Paycheck Protection Plan Loans— The CARES Act was enacted by the U.S. government on March 27, 2020. As part of the CARES Act, the PPP loan program was established and administered by the SBA. In April and May 2020, subsidiaries of the Company received approximately $3,234 of PPP loans through its regular

bank. Forgiveness of PPP loans were generally available if the loans are used to pay wages, rent, utilities and interest on certain debt during the 24-week period following receipt of the loan proceeds and subject to other Federally-established terms and conditions. As of September 30, 2021, all our PPP loans were forgiven by the SBA, during fiscal 2021, we made forgiveness applications for all our PPP loans. Forgiveness applications were reviewed by both the lending bank and SBA and loan forgiveness amounts were determined. During the last quarter of our fiscal year ended June 30, 2021, $261 of our PPP loans and $3 of related accrued interest were forgiven by the SBA and $264 was recorded as income. In the quarter ended September 30, 2021, we received notification that the remaining outstanding $2,972 of PPP loans and $38 of related accrued interest was forgiven by the SBA. During the quarter ended September 30, 2021, we recorded $3,010 of income for PPP loan and accrued interest forgiveness.