Forest Note and Transactions with JPM (Tables)

6 Months Ended

Dec. 31, 2022

Note And Transaction [Abstract]

Summary of Gain on Sale of Controlling Interests in Forest

The following table shows calculation of the recorded gain on sale of controlling interest in subsidiary of $10.5 million on the Company's condensed consolidated statements of operations for the three and six months ended December 31, 2022:

(in thousands)	December 30, 2022
Cash proceeds	$	18,409
Fair value of retained 19% non-controlling interest in Forest		2,128
Carrying value of non-controlling interest prior to sale		2,120
		22,657
Less: Carrying value of net assets disposed		12,133
Gain on sale of controlling interest in subsidiary	$	10,524

Schedule of Loss Before Income Taxes of Forest As well As Loss Before Income Taxes of Forest Attributable to Great Elm Group, Inc

The following table shows loss before income taxes of Forest, as well as loss before income taxes of Forest attributable to Great Elm Group, Inc.:

	For the three months ended December 31,						For the six months ended December 31,
(in thousands)	2022			2021			2022			2021
Loss before income taxes		(891	)		(312	)		(2,679	)		(960	)
Loss before income taxes attributable to Great Elm Group, Inc.		(909	)		(151	)		(1,133	)		(782	)