v3.22.2.2
Operating Leases (Tables)
12 Months Ended
Jun. 30, 2022
Operating Leases  
Schedule of components of lease expense

 

 

Year

Ended

June 30,

2022

 

Lease Cost

 

 

 

Operating lease cost (included in general and administrative in the Company’s consolidated statements of operations)

 

$59,000

 

Variable lease cost

 

 

12,000

 

 

 

$71,000

 

Other Information

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities for the year ended June 30, 2022

 

$164,000

 

Weighted average remaining lease term - operating leases (in years)

 

 

1.25

 

Average discount rate - operating leases

 

 

18%
Schedule of operating lease liabilities

 

 

At

June 30,

2022

 

Operating leases

 

 

 

Short-term operating lease liabilities

 

$197,000

 

Long-term operating lease liabilities

 

 

55,000

 

 

 

 

 

 

Total operating lease liabilities

 

$252,000

 

Schedule of maturities of the lease liabilities

 

 

Operating

Leases

 

Fiscal Year Ending June 30,

 

 

 

2023

 

$223,000

 

2024 (remaining 3 months)

 

 

57,000

 

Total lease payments

 

 

280,000

 

Less: Imputed interest/present value discount

 

 

(28,000 )

Present value of lease liabilities

 

$252,000