Long-Term Debt

6 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Long-Term Debt

Note 7. – Long-Term Debt

Long-term debt consisted of the following:

	December 31, 2021			June 30, 2021
Capital Lease	$	74		$	89
CARES Act Paycheck Protection Plan Loans		0			2,972
Less current maturities		(38	)		(3,009	)
Long-term Debt	$	36		$	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 was generally available if the loans were used to pay wages, rent, utilities and interest on certain debt during the 24-week period following receipt of the loan proceeds, subject to other federally-established terms and conditions. As of December 31, 2021, all our PPP loans were forgiven by the SBA. During the last quarter of our fiscal year ended June 30, 2021, $264 of our PPP loans and related accrued interest were forgiven by the SBA and $264 was recorded as income. In the six months ended December 31, 2021, the remaining outstanding $2,972 of PPP loans and $38 of related accrued interest was forgiven by the SBA. During the six months ended December 31, 2021, we recorded $3,010 of income for PPP loan and accrued interest forgiveness.