LEASES

3 Months Ended

Sep. 30, 2022

Leases [Abstract]

LEASES

LEASES

Lessee Accounting

The Company has operating leases for office space, warehouses, and office equipment. At September 30, 2022, the Company has the following balances recorded in the balance sheet related to its lease arrangements:

($ in thousands)	Balance Sheet Classification	As of September 30, 2022		As of June 30, 2022
Assets:	Operating lease right-of-use assets	$	2,076	$	2,370
Liabilities:
Current	Accrued expenses	$	1,505	$	1,538
Long-term	Operating lease liabilities, non-current	2,030		2,366
Total lease liabilities		$	3,535	$	3,904

Components of lease cost are as follows:

($ in thousands)	Three months ended September 30, 2022		Three months ended September 30, 2021
Operating lease costs*	$	558	$	442

* Includes short-term lease and variable lease costs, which are not material.

Supplemental cash flow information and non-cash activity related to our leases are as follows:

($ in thousands)	Three months ended September 30, 2022		Three months ended September 30, 2021
Supplemental cash flow information:
Cash paid for amounts included in the measurement of operating lease liabilities	$	546	$	480
Non-cash activity:
Right-of-use assets obtained in exchange for lease obligations:
Operating lease liabilities	$	—	$	471

Maturities of lease liabilities by fiscal year for our leases are as follows:

($ in thousands)	Operating Leases
2023	1,324
2024	1,029
2025	707
2026	628
2027	265
Total lease payments	$	3,953
Less: Imputed interest	(418)
Present value of lease liabilities	$	3,535

Lessor Accounting

Property and equipment used for the operating lease rental program consisted of the following:

($ in thousands)	September 30, 2022		June 30, 2022
Cost	$	26,007	25,242
Accumulated depreciation	(23,157)		(22,914)
Net	$	2,850	$	2,328

The Company’s net investment in sales-type leases (carrying value of lease receivables) and the future minimum amounts to be collected on these lease receivables as of September 30, 2022 are disclosed within Note 6 - Finance Receivables.

LEASES

LEASES

Lessee Accounting

The Company has operating leases for office space, warehouses, and office equipment. At September 30, 2022, the Company has the following balances recorded in the balance sheet related to its lease arrangements:

($ in thousands)	Balance Sheet Classification	As of September 30, 2022		As of June 30, 2022
Assets:	Operating lease right-of-use assets	$	2,076	$	2,370
Liabilities:
Current	Accrued expenses	$	1,505	$	1,538
Long-term	Operating lease liabilities, non-current	2,030		2,366
Total lease liabilities		$	3,535	$	3,904

Components of lease cost are as follows:

($ in thousands)	Three months ended September 30, 2022		Three months ended September 30, 2021
Operating lease costs*	$	558	$	442

* Includes short-term lease and variable lease costs, which are not material.

Supplemental cash flow information and non-cash activity related to our leases are as follows:

($ in thousands)	Three months ended September 30, 2022		Three months ended September 30, 2021
Supplemental cash flow information:
Cash paid for amounts included in the measurement of operating lease liabilities	$	546	$	480
Non-cash activity:
Right-of-use assets obtained in exchange for lease obligations:
Operating lease liabilities	$	—	$	471

Maturities of lease liabilities by fiscal year for our leases are as follows:

($ in thousands)	Operating Leases
2023	1,324
2024	1,029
2025	707
2026	628
2027	265
Total lease payments	$	3,953
Less: Imputed interest	(418)
Present value of lease liabilities	$	3,535

Lessor Accounting

Property and equipment used for the operating lease rental program consisted of the following:

($ in thousands)	September 30, 2022		June 30, 2022
Cost	$	26,007	25,242
Accumulated depreciation	(23,157)		(22,914)
Net	$	2,850	$	2,328

The Company’s net investment in sales-type leases (carrying value of lease receivables) and the future minimum amounts to be collected on these lease receivables as of September 30, 2022 are disclosed within Note 6 - Finance Receivables.