Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.23.3
Leases (Tables)
3 Months Ended
Sep. 30, 2023
Leases [Abstract]  
Summary of supplemental balance sheet information related to leases
The tables below show the changes during the three months ended September 30, 2023:
 
(US$’000)    Operating
lease right-
of-
use assets
 
Balance at July 1, 2023
   $ 526  
Amortization of right of use asset
     (63
    
 
 
 
Operating lease right-of-use asset at September 30, 2023
   $ 463  
    
 
 
 
 
(US$’000)    Operating
lease
liabilities
 
Balance at July 1, 2023
   $ 559  
Principal payments on operating lease liabilities
     (68
 
 
 
 
 
Operating lease liabilities at September 30, 2023
     491  
Less: non-current portion
     (211
    
 
 
 
Current portion at September 30, 2023
   $ 280  
    
 
 
 
Summary of maturities of the operating lease liabilities
As of September 30, 2023, the Company’s operating lease has a remaining lease term of 1.71 years and a discount rate of 4.67%. The maturities of the operating lease liabilities are as follows:
 
(US$’000)    September 30,
2023
 
2024
   $ 221  
2025
     291  
    
 
 
 
Total operating lease payments
     512  
Less imputed interest
     (21
    
 
 
 
Present value of operating lease liabilities
   $ 491