v3.22.4
Leases (Tables)
6 Months Ended
Dec. 31, 2022
Disclosure Text Block [Abstract]  
Schedule of Future Minimum Rental Payments

The following is a schedule of the future minimum lease payments under the Lease Agreements, reconciled to the operating lease liability, as of December 31, 2022 (in thousands):

 

 

 

December 31,
2022

 

Remainder of fiscal year ending June 30, 2023

 

$

1,133

 

Years ending June 30,

 

 

 

2024

 

 

2,335

 

2025

 

 

1,913

 

2026

 

 

2,477

 

2027

 

 

2,551

 

2028

 

 

2,715

 

Thereafter

 

 

4,386

 

Total lease payments

 

 

17,510

 

Less: Present value discount

 

 

(4,140

)

Total operating lease liability

 

$

13,370

 

Balance Sheet Classification – Operating Leases

 

 

 

Operating lease liability

 

$

1,343

 

Operating lease liability, long-term

 

 

12,027

 

Total operating lease liability

 

$

13,370

 

Other Balance Sheet Information – Operating Leases

 

 

 

Weighted average remaining lease term (in years)

 

 

6.9

 

Weighted average discount rate

 

 

7.50

%

Schedule of Total Operating Costs

The total operating lease costs and supplemental cash flow information related to our operating leases were as follows (in thousands):

 

 

Three Months Ended
December 31,

 

 

Six Months Ended
December 31,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Operating lease expense

 

$

608

 

 

$

377

 

 

$

1,217

 

 

$

753

 

Operating cash flows from operating leases

 

$

567

 

 

$

380

 

 

$

1,133

 

 

$

760