Quarterly report pursuant to Section 13 or 15(d)

Other Assets

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Other Assets
3 Months Ended
Sep. 30, 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 $0.5 million and $0.6 million as of September 30, 2024 and June 30, 2024, respectively. For the three months ended September 30, 2024 and September 30, 2023, the Company recorded interest expense of $0.1 million and zero, respectively, related to the amortization of the loan commitment fees.