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Operating leases (Tables)
3 Months Ended
Sep. 30, 2023
Operating leases [Abstract]  
Quantitative Data Related to Operating Leases
The following includes quantitative data related to the Company’s operating leases as September 30, 2023 and June 30, 2023, and for the three months ended September 30, 2023 and 2022:

(In thousands, except weighted-average information).
           
Operating lease amounts:
 
September 30, 2023
   
June 30, 2023
 
Right-of-use assets
 
$
2,109
   
$
2,188
 
Lease liabilities
 
$
2,198
   
$
2,277
 

   
For the three months ended
September 30,
 
   
2023
   
2022
 
(In thousands)
           
Other information:
           
Operating outgoing cash flows from operating leases
 
$
113
   
$
89
 
Right-of-use assets obtained in exchange for new operating lease liabilities
  $
19     $
-  
                 
Lease costs:
               
Operating lease cost
 
$
102
   
$
81
 
Variable lease cost
 
$
11
   
$
10
 
Undiscounted Cash Flows of Operating Lease Liabilities
The following is a schedule by year of the undiscounted cash flows of the operating lease liabilities, as of September 30, 2023:

(in thousands)
     
Within the twelve months ended September 30,
     
2024
 
$
457
 
2025
   
457
 
2026
   
445
 
2027
   
372
 
2028
   
310
 
Thereafter
   
337
 
Total undiscounted cash flow
   
2,378
 
Less net present value adjustment
   
(180
)
Lease Liability
 
$
2,198
 
         
Weighted-average remaining lease term (Years)
   
5.62
 
Weighted-average discount rate
   
2.76
%