Gold.com, Inc. Leases Disclosure
7. LEASES
Components of lease expense were as follows (in thousands):
|
|
Year Ended June 30, |
|
|||||||||
|
|
2025 |
|
|
2024 |
|
|
2023 |
|
|||
Operating lease costs |
|
$ |
4,019 |
|
|
$ |
1,616 |
|
|
$ |
1,460 |
|
Variable lease costs |
|
|
1,203 |
|
|
|
545 |
|
|
|
469 |
|
Short term lease costs |
|
|
103 |
|
|
|
73 |
|
|
|
108 |
|
Finance lease costs |
|
|
36 |
|
|
|
15 |
|
|
|
— |
|
|
|
$ |
5,361 |
|
|
$ |
2,249 |
|
|
$ |
2,037 |
|
For the year ended June 30, 2025, we made cash payments of $3.9 million for operating lease obligations. These payments are included in operating cash flows. As of June 30, 2025, the weighted-average remaining lease term under our capitalized operating leases was 5.4 years, while the weighted-average discount rate for our operating leases was approximately 6.1%. As of June 30, 2024, the weighted-average remaining lease term under our capitalized operating leases was 4.5 years, while the weighted-average discount rate for our operating leases was approximately 6.0%.
The future undiscounted cash flows for each of the next five years and thereafter, and reconciliation to the lease liabilities as of June 30, 2025 for our operating leases were as follows (in thousands):
Fiscal Year ending June 30, |
|
Operating Leases |
|
|
|
2026 |
|
$ |
6,626 |
|
|
2027 |
|
|
5,702 |
|
|
2028 |
|
|
6,155 |
|
|
2029 |
|
|
3,179 |
|
|
2030 |
|
|
1,863 |
|
|
Thereafter |
|
|
4,566 |
|
|
Total lease payments |
|
|
28,091 |
|
|
Imputed interest |
|
|
(4,499 |
) |
|
Total operating lease liability |
|
$ |
23,592 |
|
(1) |
- current |
|
$ |
5,318 |
|
(2) |
- long-term |
|
|
18,274 |
|
(3) |
|
|
$ |
23,592 |
|
(1) |
The lease payments presented in the table above exclude amounts related to a failed sale-leaseback transaction. For information regarding the failed sale-leaseback transaction, refer to Note 15.
For information regarding the Company's related party leases, refer to Note 14.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Sep 11, 2025 | Showing above |
| 2024 | Sep 13, 2024 | |
| 2023 | Sep 12, 2023 | |
| 2022 | Sep 2, 2022 | |
About Leases Disclosures
Lease disclosures under ASC 842 provide a comprehensive view of a company's leased asset portfolio, including the split between operating and finance leases, discount rates used to present-value future payments, and the maturity schedule of lease obligations. This section reveals a significant source of off-balance-sheet commitments that were largely hidden before the current standard.
Key signals: the weighted-average discount rate affects the size of recorded lease liabilities — a higher rate reduces the reported obligation, so compare the chosen rate against the company's incremental borrowing rate. The operating versus finance lease mix affects both EBITDA and operating income presentation. Watch the maturity table for concentration risk: large payment cliffs in specific years may create cash flow pressure. Variable lease payments excluded from the liability measurement represent real obligations that do not appear on the balance sheet. Compare total lease costs against prior-year operating lease expense to assess the true economic burden.