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Forest Note and Transactions with JPM (Tables)
12 Months Ended
Jun. 30, 2024
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 consolidated statement of operations for the year ended June 30, 2023:

(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 Forest

 

$

10,524

 

Schedule of Loss Before Income Taxes of Forest As well As Loss Before Income Taxes of Forest Attributable to Company The following table shows loss before income taxes of Forest, as well as loss before income taxes of Forest attributable to the Company:

 

For the twelve months ended June 30,

 

(in thousands)

2023

 

 

2022

 

Loss before income taxes

 

(2,679

)

 

 

(2,637

)

Loss before income taxes attributable to Great Elm Group, Inc.

 

(1,133

)

 

 

(3,542

)