Quarterly report pursuant to Section 13 or 15(d)

OPERATING LEASES (Tables)

v3.21.1
OPERATING LEASES (Tables)
9 Months Ended
Mar. 31, 2021
OPERATING LEASES  
Summary of carrying value of ROU assets and operating lease liabilities

The carrying value of right-of-use (“ROU”) assets and operating lease liabilities are as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

March 31, 

 

June 30,

 

    

2021

    

2020

Right-of-Use Assets, net

 

$

472

 

$

383

 

 

 

  

 

 

  

Operating Lease Liabilities:

 

 

  

 

 

  

Current

 

$

321

 

$

245

Long-term

 

 

213

 

 

165

Total

 

$

534

 

$

410

 

Summary of operating lease expense

For the three and nine months ended March 31, 2021 and 2020, operating lease expense was as follow (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

March 31,

 

March 31,

 

 

2021

 

2020

 

2021

 

2020

 

 

 

 

 

 

 

 

 

 

 

 

 

Research and development

    

$

75

    

$

49

    

$

185

    

$

138

General and administrative

 

 

28

 

 

21

 

 

83

 

 

60

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

103

 

$

70

 

$

268

 

$

198

 

Summary of future payments under operating lease agreements

Future payments under all operating lease agreements as of March 31, 2021 are as follows (in thousands):

 

 

 

 

 

Fiscal year ending June 30,

    

  

 

Remainder of fiscal year 2021

 

$

92

2022

 

 

283

2023

 

 

117

Thereafter

 

 

79

Total lease payments

 

 

571

Less imputed interest

 

 

(37)

Present value of operating lease liabilities

 

$

534