v3.25.2
LEASES
12 Months Ended
Jun. 30, 2025
Leases  
LEASES

 

13.LEASES

 

As of June 30, 2025 and 2024, the Company had one corporate office lease with a remaining lease term of 1.6 years as of June 30, 2025. During the year ended June 30, 2025 and 2024, operating cash flows included cash payments of $96 and $71, respectively related to the measurement of lease liabilities.

 

The Company incurred lease costs as follows:

 

          
   For the year ended June 30, 
   2025   2024 
Fixed rent expense  $94   $90 
Variable rent expense   13    14 
Short term lease cost   10    9 
Sublease income   (41)   (32)
Net lease cost – other operating expense  $76   $81 

 

The maturity of lease liabilities is as follows at June 30, 2025:

 

   Fiscal Year Lease Maturities 
2026  $98 
2027   50 
Total lease payments   148 
Less amount of payments representing interest   (17)
Present value of lease payments   131 
Less current portion of operating lease liability   (98)
Noncurrent operating lease liability  $33