Note 8 - Commitments and Contingent Liabilities

12 Months Ended

Jun. 30, 2017

Notes to Financial Statements

Commitments and Contingencies Disclosure [Text Block]

(

8

) Commitments and Contingent Liabilities

 Operating Leases

The Company has

a non-cancellable operating lease for its corporate headquarters in Alpharetta, Georgia that expires in

February 2021.

The lease includes an escalating base rent schedule and

a tenant incentive towards leasehold improvements of approximately

$0.1

million which are being recognized as a reduction in rent expense on a straight line basis over the term of the lease. Future minimum lease payments, in millions, under non-cancellable operating leases (with initial or remaining lease terms in excess of

one

year) as of

June 

30,

2017

are (in millions):

201 8	$	0.3
201 9		0.3
20 20		0.3
Thereafter		0.2
Total minimum lease payments	$	1.1

Rent expense

was

$0.3

million and $

0.2

million for the fiscal years ended

June 

30,

2017

and

2016,

respectively.