Quarterly report pursuant to Section 13 or 15(d)

OPERATING LEASES (Tables)

v3.21.2
OPERATING LEASES (Tables)
3 Months Ended
Sep. 30, 2021
OPERATING LEASES  
Schedule 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):

September 30, 

June 30,

    

2021

    

2021

Right-of-Use Assets, net

$

317

$

396

 

  

 

  

Operating Lease Liabilities:

 

  

 

  

Current

$

206

$

265

Long-term

 

161

 

187

Total

$

367

$

452

Schedule of operating lease expense

For the three months ended September 30, 2021 and 2020, operating lease expense was as follows (in thousands):

Three Months Ended

September 30,

    

2021

    

2020

Research and development

    

$

79

    

$

49

    

General and administrative

 

23

 

24

Total

$

102

$

73

Summary of future payments under operating lease agreements

Future payments under all operating lease agreements as of September 30, 2021 are as follows (in thousands):

Fiscal year ending June 30,

    

  

Remainder of fiscal year 2022

$

192

2023

 

117

2024

 

79

Total lease payments

 

388

Less imputed interest

 

(21)

Present value of operating lease liabilities

$

367