Operating Leases (Tables)
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6 Months Ended |
Dec. 31, 2019 |
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| Operating Leases |
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| Schedule of components of lease expense |
| | Six Months Ended December 31, 2019 | | Lease Cost | | | | Operating lease cost (included in general and administrative in the Company’s condensed consolidated statement of operations) | | $ | 84,000 | | Variable lease cost | | | 4,000 | | | | $ | 88,000 | | | | | | | Other Information | | | | | Cash paid for amounts included in the measurement of lease liabilities for the six months ended December 31, 2019 | | $ | 112,000 | | Weighted average remaining lease term – operating leases (in years) | | 3.67 years | | Average discount rate – operating leases | | | 18.00 | % |
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| Schedule of operating lease liabilities |
| | At December 31, 2019 | | Operating leases | | | | Short-term operating lease liabilities | | $ | 126,000 | | Long-term operating lease liabilities | | | 489,000 | | Total operating lease liabilities | | $ | 615,000 | |
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| Schedule of maturities of the lease liabilities |
Fiscal Year Ending June 30, | | Operating Leases | | 2020 (remaining 9 months) | | $ | 112,000 | | 2021 | | | 223,000 | | 2022 | | | 223,000 | | 2023 | | | 223,000 | | 2024 (remaining 3 months) | | | 60,000 | | Total lease payments | | | 841,000 | | Less: Imputed interest/present value discount | | | (226,000 | ) | Present value of lease liabilities | | $ | 615,000 | |
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