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Leases (Tables)
6 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Schedule of Operating Lease Asset and Obligation Included in Condensed Consolidated Balance Sheets The operating lease asset and obligation related to our operating leases included in the accompanying Condensed Consolidated Balance Sheets are presented below (in thousands):

 

 

December 31,
2023

 

Right-of use asset under operating lease:

 

 

Other long-term assets

$

4,162

 

Lease obligation under operating lease:

 

 

Current liabilities: Accrued liabilities: other

$

737

 

Other long-term liabilities

 

3,742

 

 

$

4,479

 

Schedule of Future Minimum Lease Payments Under Non-Cancelable Lease Including Options to Extend

Future minimum lease payments, by our fiscal year, including options to extend that are reasonably certain to be exercised, under these non-cancelable leases are as follows as of December 31, 2023 (in thousands):

 

2024 (for the remaining six months)

$

478

 

2025

 

979

 

2026

 

1,026

 

2027

 

1,075

 

2028

 

1,127

 

Thereafter

 

558

 

Total future minimum lease payments

 

5,243

 

Less: Imputed interest

 

(764

)

Total lease obligations

$

4,479

 

Schedule of Cash Flow Information Related to Operating Lease

Cash flow information related to the operating lease is shown below (in thousands):

 

 

Six Months Ended

 

 

December 31,
2023

 

 

January 1,
2023

 

Operating cash flows:

 

 

 

 

 

Cash paid related to operating lease obligation

$

291

 

 

$

247

 

 

Schedule of Weighted Average Lease Term and Discount Rate for Operating Lease

The weighted average lease term and discount rate for our operating leases are shown below:

 

 

December 31,
2023

 

Weighted average remaining lease term (in years)

 

5.0

 

Weighted average discount rate

 

6.2

%

Schedule of Operating Lease Expense

Operating lease expense was as follows for the periods presented below (in thousands):

 

 

Three Months Ended

 

 

Six Months Ended

 

 

December 31,
2023

 

 

January 1,
2023

 

 

December 31,
2023

 

 

January 1,
2023

 

Operating lease expense

$

248

 

 

$

125

 

 

$

495

 

 

$

247