Quarterly report pursuant to Section 13 or 15(d)

Other Assets

Other Assets
9 Months Ended
Mar. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other Assets

Note 5. Other Assets


Other assets include loan commitment fees. Total loan commitment fees of approximately $0.7 million are being amortized over three years, the term of the loan (see Note 10). The balance was $0.6 million and zero as of March 31, 2024 and June 30, 2023, respectively. For both the three and nine months ended March 31, 2024, the Company recorded interest expense of $0.1 million related to the amortization of the loan commitment fees.