NOTE 4 — OPERATING LEASES

The carrying value of all right-of-use assets and operating lease liabilities is as follows (in thousands):

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For the three and nine months ended March 31, 2025 and 2024, operating lease expense is included under the following captions in the accompanying unaudited condensed consolidated statements of operations and comprehensive loss (in thousands):

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As of March 31, 2025, the weighted average remaining lease term under operating leases was 2.5 years, and the weighted average discount rate for operating lease liabilities was 7.1%. Future cash payments under all operating lease agreements as of March 31, 2025 are as follows (in thousands):

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