Advances Receivable, net (Tables)

3 Months Ended

Sep. 30, 2020

Advances Receivable, net

Schedule of advances receivable

Total advances receivable, net, as of September 30, 2020, consisted of the following:

					Provision
	Advance		Deferred		for Credit		Carrying
	Principal		Fees		Losses		Value
	(Amounts in thousands)
Merchant cash advances	$	189	$	—	$	(14)	$	175
Aviation advances		10,000		(309)		—		9,691
Advances receivable, net	$	10,189	$	(309)	$	(14)	$	9,866

Total advances receivable, net, as of June 30, 2020, consisted of the following:

					Provision
	Advance		Deferred		for Credit		Carrying
	Principal		Fees		Losses		Value
	(Amounts in thousands)
Merchant cash advances	$	1,919	$	—	$	(124)	$	1,795
Aviation advances		10,000		(359)		—		9,641
Advances receivable, net	$	11,919	$	(395)	$	(124)	$	11,436

Allowance for Credit Losses on Financing Receivables

Changes in the allowance for MCA credit losses are as follows (amounts in thousands):

Allowance for credit losses, July 1, 2020	$	124
Provision for credit losses		52
Receivables charged off		(81)
Recoveries of receivables previously charged off		2
Sale of portfolios		(84)
Effects of exchange rate differences		1
Allowance for credit losses, September 30, 2020	$	14
Allowance for credit losses, July 1, 2019	$	736
Provision for credit losses		216
Receivables charged off		(520)
Recoveries of receivables previously charged off		128
Allowance for credit losses, September 30, 2019	$	560