v3.22.2.2
Leases (Tables)
 12 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Schedule of Total Operating Costs

The total operating lease costs for the Lease Agreement were as follows for the periods presented (in thousands):

 

 

 

Years Ended June 30,

 

 

 

2022

 

 

2021

 

 

2020

 

Operating lease cost

 

$

1,583

 

 

$

1,507

 

 

$

692

 
Schedule of Supplemental Cash Flow Information Related to Operating Leases

Supplemental cash flow information related to our operating leases was as follows for the periods presented (in thousands):

 

 

Years Ended June 30,

 

 

 

2022

 

 

2021

 

 

2020

 

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

 

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

1,519

 

 

$

983

 

 

$

—

 

Right-of-use assets obtained in exchange for operating lease obligations:

 

$

2,189

 

 

$

8,689

 

 

$

—

 

 
Schedule of Future Minimum Rental Payments

The following is a schedule of the future minimum rental payments for our operating leases, reconciled to the lease liability as of June 30, 2022 (in thousands):

 

 

 

June 30,
2022

 

Years ending June 30,

 

 

 

2023

 

$

1,565

 

2024

 

 

1,612

 

2025

 

 

1,168

 

2026

 

 

1,710

 

2027

 

 

1,761

 

Thereafter

 

 

5,090

 

Total lease payments

 

 

12,906

 

Less: Present value discount

 

 

(3,264

)

Total operating lease liability

 

$

9,642

 

 

 

 

 

Balance Sheet Classification - Operating Leases

 

 

 

Operating lease liability

 

$

871

 

Operating lease liability, long-term

 

 

8,771

 

Total operating lease liability

 

$

9,642

 

 

 

 

 

Other Balance Sheet Information - Operating Leases

 

 

 

Weighted average remaining lease term (in years)

 

 

7.4

 

Weighted average discount rate

 

 

7.50

%