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LEASES
12 Months Ended
Jun. 30, 2022
Leases  
LEASES

 

9.LEASES

 

Our operating lease ROU asset and long-term liability are presented separately on our balance sheet. The current portion of our operating lease liability, exclusive of imputed interest, as of June 30, 2022, in the amount of $379,000, is presented within accrued expenses on the balance sheet. As of June 30, 2022, the maturity of our lease liability is as follows:

 

     
   Operating
Lease
 
Fiscal Year:     
2023  $504 
2024   519 
2025   535 
2026   551 
2027   567 
Thereafter   143 
Total lease payments   2,819 
Less imputed interest:   (386)
Total  $2,433 

 

As of June 30, 2022, our operating lease has a remaining lease term of five years and three months and an imputed interest rate of 5.3%. Cash paid for amounts included in the lease liability for the fiscal years ended June 30, 2022 and 2021 was $489,000 and $475,000, respectively.