Annual report pursuant to Section 13 and 15(d)

LEASES (Tables)

v3.23.2
LEASES (Tables)
12 Months Ended
Jun. 30, 2023
LEASES  
Schedule of carrying value of right-of-use assets and operating lease liabilities

As of June 30, 2023 and 2022, the carrying values of all of the Company’s right-of-use assets and operating lease liabilities were as follows (in thousands):

    

2023

    

2022

Right-of-use assets

$

2,054

$

152

Operating lease liabilities:

 

  

 

  

Current

$

541

$

108

Long-term

 

1,937

 

80

Total

$

2,478

$

188

Schedule of operating lease expense

For the fiscal years ended June 30, 2023 and 2022, operating lease expense was as follows (in thousands):

2023

    

2022

Research and development

$

453

$

289

General and administrative

 

154

 

103

Total

$

607

$

392

Schedule of future payments under operating lease agreements

Future payments under operating lease agreements as of June 30, 2023 are as follows (in thousands):

Fiscal year ending June 30, 

    

  

2024

$

689

2025

627

2026

646

2027

666

Thereafter

224

Total lease payments

2,852

Less imputed interest

 

(374)

Present value of operating lease liabilities

$

2,478