Quarterly report pursuant to Section 13 or 15(d)

OPERATING LEASES (Tables)

v3.22.2.2
OPERATING LEASES (Tables)
3 Months Ended
Sep. 30, 2022
OPERATING LEASES  
Schedule of carrying value of ROU assets and operating lease liabilities

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

September 30, 

June 30, 

    

2022

    

2022

Right-of-use assets

$

130

$

152

Operating lease liabilities:

 

  

 

  

Current

$

112

$

108

Long-term

 

49

 

80

Total

$

161

$

188

Schedule of operating lease expense

For the three months ended September 30, 2022 and 2021, operating lease expense is included under the following captions in the accompanying condensed consolidated statements of operations (in thousands):

2022

    

2021

Research and development

$

77

$

79

General and administrative

 

23

 

23

Total

$

100

$

102

Schedule of Lessee operating lease liability maturity Future payments under all operating lease agreements that had commenced as of September 30, 2022 are as follows (in thousands):

Fiscal year ending June 30, 

    

  

Remainder of fiscal year 2023

$

88

2024

79

Total lease payments

167

Less imputed interest

 

(6)

Present value of operating lease liabilities

$

161

Schedule of future payments under operating lease not yet commenced

The future payments under this operating lease agreement are as follows (in thousands):

Fiscal year ending June 30, 

    

  

Remainder of fiscal year 2023

$

50

2024

609

2025

627

2026

646

2027

666

Thereafter

224

Total lease payments

$

2,822