13. Finance Lease Obligations Equipment As discussed above, the Company assumed three equipment leases that were accounted for as finance leases totaling approximately $814,000 as part of the RubrYc Asset Purchase Agreement. The monthly rental for the three leases is approximately $27,000 per month and all three expire on August 1, 2025. The following tables present the components of lease expense and supplemental balance sheet information related to the finance lease obligation (in thousands). | | | | | | | | | Three Months Ended | | Three Months Ended | | | March 31, | | March 31, | | | 2025 | | 2024 | Finance lease cost: | | | | | | | Amortization of ROU assets | | $ | 68 | | $ | 67 | Interest on lease liabilities | | | 4 | | | 11 | Total lease cost | | $ | 72 | | $ | 78 | | | | | | | | Other information: | | | | | | | Cash paid for amounts included in the measurement lease liabilities: | | | | | | | Financing cash flows from finance lease obligations | | $ | 76 | | $ | 68 |
| | | | | | | | | Nine Months Ended | | Nine Months Ended | | | March 31, | | March 31, | | | 2025 | | 2024 | Finance lease cost: | | | | | | | Amortization of ROU assets | | $ | 203 | | $ | 203 | Interest on lease liabilities | | | 18 | | | 38 | Total lease cost | | $ | 221 | | $ | 241 | | | | | | | | Other information: | | | | | | | Cash paid for amounts included in the measurement lease liabilities: | | | | | | | Financing cash flows from finance lease obligations | | $ | 221 | | $ | 201 |
| | | | | | | | | | | March 31, | | June 30, | | | 2025 | | 2024 | Finance lease ROU assets | | $ | 136 | | | $ | 339 | | Finance lease obligation - current portion | | $ | 130 | | | $ | 299 | | Finance lease obligation - noncurrent portion | | $ | — | | | $ | 53 | | Weighted-average remaining lease term - finance lease | | | 0.42 | years | | | 1.17 | years | Weighted-average discount rate - finance lease obligation | | | 9.50 | % | | | 9.50 | % |
Future minimum payments under the finance lease obligation are as follows (in thousands): | | | | | | | | | | Fiscal year ending on March 31: | | Principal | | Interest | | Total | 2026 | | $ | 130 | | $ | 3 | | $ | 133 | | | | | | | | | | |
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