Leases

3 Months Ended

Sep. 30, 2024

Leases [Abstract]

Leases

Note 12. Leases

The Company leases office space in Huntersville, NC, Carrollton, TX, San Jose, CA and Taiwan and leases equipment in Canandaigua, NY. Its leases have remaining lease terms of up to five years, some of which include options to extend the leases for up to twenty-four months. Following adoption of ASC 842, lease expense excludes capital area maintenance and property taxes.

The components of lease expense were as follows:

	Three Months Ended September 30, 2024		Three Months Ended September 30, 2023
Operating Lease Expense	$	148	$	156

Supplemental balance sheet information related to leases was as follows (in thousands):

	Classification on the Condensed Consolidated Balance Sheet	September 30, 2024			June 30, 2024
Assets
Operating lease assets	Other non-current assets	$	803		$	923
Liabilities
Other current liabilities	Current liabilities		525			514
Operating lease liabilities	Other non-current liabilities		329			462
Weighted Average Remaining Lease Term:
Operating leases			2.06 Years			2.12 Years
Weighted Average Discount Rate:
Operating leases			13.05	%		12.98	%

The following table outlines the minimum future lease payments for the next five years and thereafter, (in thousands):

For the year ending June 30,
2025	$	455
2026		374
2027		66
2028		68
Thereafter		11
Total lease payments (undiscounted cash flows)		974
Less imputed interest		(120	)
Total	$	854