NOTES PAYABLE AND LONG-TERM DEBT (Tables)

9 Months Ended

Mar. 31, 2020

At March 31, 2020, long-term debt, bearing interest at 3.62%, consisted of the following (in thousands):



Acquisition loan, monthly payments of $43; maturing March 2022.	$	1,077
Equipment loan, monthly principal payments begin August 2020; maturing August 2024, net of debt issuance costs of $50 thousand.	686
Real estate loan, monthly principal payments begin August 2020; maturing August 2024.	608
Total long-term debt	2,371
Less: current portion	626
Long-term debt, net of current portion	$	1,745

Schedule of Payments Due on Long-term Debt

Payments due on long-term debt subsequent to March 31, 2020 are as follows (in thousands):



Twelve Months Ending March 31,
2021	$	636
2022	675
2023	201
2024	158
2025	751
	$	2,421

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details