Note 5 - Commitments and Contingencies

3 Months Ended

Sep. 30, 2019

Notes to Financial Statements

Lessee, Operating Leases [Text Block]

Note

5:

Commitments and Contingencies

Operating lease cost amounted to

$0.6

million for  the

three

months ended

September 30, 2019.

As of

September 30, 2019,

the Company’s right-of-use assets, lease obligations and remaining cash commitment on these leases, in thousands, are as follows:

	Right-of-use Assets		Operating Lease Obligations		Remaining Cash Commitment
Operating leases	$	5,779	$	5,825	$	6,984

The Company has other operating lease agreements with commitments of less than

one

year or that are

not

significant. The Company elected the practical expedient option and as such, these lease payments are expensed as incurred. The Company’s weighted average discount rate and remaining term on lease liabilities is approximately

9.0%

and

4.5

years. As of

September 30, 2019,

the Company’s financing leases are di minimis.

Supplemental cash flows information related to leases for the

three

months ended

September 30, 2019

was

$6.1

million. The Company entered into

one

equipment operating lease commitment in the

three

months ended

September 30, 2019.

At

September 30, 2019,

the Company had the following fiscal year minimum operating lease commitments:

Three months ending September 30, 2019	Operating Lease Commitments
2020 remaining	$	1,743
2021		2,151
2022		845
2023		718
2024		702
Thereafter		825
Subtotal	$	6,984
Imputed interest		(1,159	)
Total		5,825

The aggregate lease payments for operating leases as of

June 30, 2019

were as follows (in thousands):

Fiscal Year
2020	$	2,434
2021		2,328
2022		943
2023		762
2024		502
Thereafter		1,092
	$	8,061