Note J - Commitments

12 Months Ended

Jun. 30, 2021

Notes to Financial Statements

Commitments Disclosure [Text Block]

J. Commitments

We lease a total of

162,000

square feet at our manufacturing facility in Vista, California from an unaffiliated

third

party under a non-cancelable operating lease. On

July 31, 2013,

we executed a

third

amendment to the lease for our manufacturing facility in Vista, CA. As a result of this amendment, our facility lease has been extended through

March 2024.

NAIE leases facility space in Manno, Switzerland from

two

unaffiliated

third

parties. The leased spaces total approximately

125,000

square feet

.

We primarily use the facilities for manufacturing, packaging, warehousing and distributing nutritional supplement products for the European and Asian marketplaces. On

July 1, 2019,

NAIE extended the lease on its main manufacturing facility for an additional

five

years through

June 30, 2024.

On

November 5, 2018,

NAIE entered into a lease with Sofinol SA for approximately

2,870

square meters of commercial warehouse space in a building located on the property adjacent to the leasehold for the primary existing NAIE facility in Manno Switzerland. NAIE uses the space primarily for raw material storage. The lease is for an initial

five

-year term commencing on

January 1, 2019

and NAIE can terminate the lease with

12

months advance notice given on

June

30th

or

December

31st

each year of the initial term. At the end of the initial term the lease converts to a year to year lease at the same rental rate terminable by NAIE or the landlord upon

12

months' advance notice.

Minimum rental commitments (exclusive of property tax, insurance and maintenance) under all non-cancelable operating leases with initial or remaining lease terms in excess of

one

year, including the lease agreements referred to above, are set forth below as of

June 

30,

2021

(in thousands): 

	2022		2023		2024		2025		2026		There- after		Total
Gross minimum rental commitments	$	3,193	$	3,186	$	2,659	$	—	$	—	$	—	$	9,038

Rental expense totaled

$3.4

million for the fiscal year ended

June 

30,

2021

and

$3.2

million for the fiscal year ended

June 30, 2020.