Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.23.3
Leases (Tables)
 12 Months Ended
Jun. 30, 2023
Leases [Abstract]  
Summary of supplemental balance sheet information related to leases
The tables below show the changes during the years ended June 30, 2023 and 2022:
 
(US$’000)
   
Operating
lease
right-of-
use assets
  
Initial measurement at July 1, 2021
    $ 202  
Re-measurement
during the period
      794  
Amortization of right of use asset
      (225 ) 
    
 
 
  
Balance at June 30, 2022
      771  
Amortization of right of use asset
      (245 ) 
    
 
 
  
Operating lease
right-of-use
asset at June 30, 2023
    $ 526  
    
 
 
  
 
(US$’000)
   
Operating
lease
liabilities
  
Initial measurement at July 1, 2021
    $ 213  
Re-measurement
during the period
      794  
Principal payments on operating lease liabilities
      (196 ) 
    
 
 
  
Operating lease liabilities at June 30, 2022
      811  
Principal payments on operating lease liabilities
      (252 ) 
    
 
 
  
Operating lease liabilities at June 30, 2023
      559  
Less:
non-current
portion
      284  
    
 
 
  
Current portion at June 30, 2023
    $ 275  
    
 
 
  
Summary of maturities of the operating lease liabilities
As of June 30, 2023, the Company’s operating lease has a remaining lease term of 1.96 years and a discount rate of 4.67%. The maturities of the operating lease liabilities are as follows:
 
(US$’000)
   
June 30,

2023
  
2024
   
$
 295  
2025
      291  
    
 
 
  
Total operating lease payments
      586  
Less imputed interest
      (27 ) 
    
 
 
  
Present value of operating lease liabilities
    $ 559