v3.25.1
OPERATING LEASES (Tables)
9 Months Ended
Mar. 31, 2025
OPERATING LEASES  
Schedule of carrying value of right-of-use assets and operating lease liabilities

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

March 31, 

June 30, 

    

2025

    

2024

Right-of-use assets

$

1,485

$

1,880

Operating lease liabilities:

 

  

 

  

Current

$

615

$

568

Long-term

 

1,160

 

1,660

Total

$

1,775

$

2,228

Schedule of operating lease expense

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):

Three Months Ended

Nine Months Ended

March 31, 

March 31, 

    

2025

    

2024

2025

    

2024

Research and development

$

115

$

97

$

353

$

358

General and administrative

 

51

 

74

 

147

 

155

Total

$

166

$

171

$

500

$

513

Schedule of future payments under operating lease agreements Future cash payments under all operating lease agreements as of March 31, 2025 are as follows (in thousands):

Fiscal year ending June 30, 

    

  

Remainder of fiscal year 2025

$

189

2026

770

2027

750

Thereafter

224

Total lease payments

1,933

Less imputed interest

 

(158)

Present value of operating lease liabilities

$

1,775